News of 2011

25.10.11

Growth in exports and imports

Growth in exports and imports

During this year, exports have grown 18.4% in relation to the same period in 2010 and imports have grown 39%. This means a total of US$8.030 million which results in a deficit of US$ 1.137 million in the trade balance.

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25.10.11

ANTEL has to transfer mobile phone band to Movistar after trial

ANTEL has to transfer mobile phone band to Movistar after trial

The Court of Administrative Litigation (TCA for its acronym in spanish) has ruled in favor of the Spanish company Telefónica (Movistar) due to a complaint filling against ANTEL, the State Telecommunication Company in Uruguay. ANTEL was forced to stop using a mobile phone frequency which has been used since 2005 in a non- legitimate way.

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25.10.11

Application of the Principle of Specialty

Application of the Principle of Specialty

The Patent and Trademark Office, (DNPI for its acronym in spanish) dismissed the opposition presented by CLOROX ARGENTINA S.A against the application for registration of the trademark POET, owned by MOTOROLA, INC (US), considering that there was confusion with the trademarks POETT and POETT (et).

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25.10.11

Brand similarity

Brand similarity

In a recent case, the Patent and Trademark Office (DNPI for its acronym in spanish) upheld the opposition presented by THE POLO/LAUREN COMPANY L.P (USA) against the SANTA MARIA POLO trademark registration in classes 3,14,18,25 and 41 due to the similarities found between this trademark which is property of POLOTEN TEXTIL S.A and POLO and POLO (et.) trademarks.

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07.09.11

Exports increased a 29 % in August

Exports increased a 29 % in August

In August export requests totaled US$ 783 million dollars, representing an increase of 29 % over the same month of last year. So far this year, foreign sales totaled US$ 5.395 million.

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07.09.11

Best business climate for business in Latin America

Best business climate for business in Latin America

Uruguay is the country with the best climate for business in Latin America, after increasing its score from 7.0 to 7.5 in July, according to a study by Brazil's Getulio Vargas Foundation.

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06.09.11

Standard & Poor's raised Uruguayan rating

Standard & Poor's raised Uruguayan rating

The risk rating company Standard & Poor´s raised Uruguayan rating to BB plus from BB, leaving the country one step away from investment grade. S & P was the only one of the big three (with Moddy´s and Fitch) which kept Uruguay under that note.

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05.09.11

Real Estate in Punta Del Este move US$ 7 million per day

Real Estate in Punta Del Este move US$ 7 million per day

The real state business in Maldonado province moves US$ 2.550 million between April 2010 and April 2011, which is the same to US$ 7 million per day in real state transactions. The business is mainly focus in Punta del Este and the small farms area.

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20.08.11

Customs seized goods for more than U$S 2 million

Customs seized goods for more than U$S 2 million

In the first six months of 2011, the DNA carried out 1.153 seizure operatives for a total amount of goods of U$S 2.3 million. Last year 2.027 seizures were done for U$S 5.11 million, while 2.045 in 2009 for a total of U$S 4.2 million. According to projections, the DNA expects to end the year with similar numbers as the recorded in the previous ones.

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17.07.11

Surprising numbers in Montevideo´s Port

Surprising numbers in Montevideo´s Port

From May 2010 to may 2011 Montevideo´s Port registered a movement of 810.000 TEUS.

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