News of 2018

21.11.18

Uruguay - Competitiveness

Uruguay  - Competitiveness

The Global Competitiveness Report 2018-2019 prepared by the World Economic Forum (WEF), ranks Uruguay 53rd among 140 countries in the world and 3rd in Latin America.

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21.11.18

Denmark and Uruguay: Leaders in Wind Power Generation

Denmark and Uruguay: Leaders in Wind Power Generation

According to a report by the consultancy firm SEG Ingeniería, Uruguay ranks second in the world among the countries with the highest share of wind power in their electricity mix, with this renewable source providing 40.1 percent of the South American country’s power production. Uruguay is also the only non-European country featured among the top ranking nations.

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17.10.18

Law 19,637 – Opportunity or Obstacle?

Law 19,637 – Opportunity or Obstacle?

Some weeks ago, the Uruguayan government issued Regulatory Decree 244/18 that regulates Law 19,637, which was passed earlier this year in July. The new regulation introduces some changes to the tax exemptions enjoyed by operators who provide logistical support development and related services.

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11.09.18

Montevideo, Latin America’s third most livable city

Montevideo, Latin America’s third most livable city

Every year, The Economist’s Intelligence Unit ranks 140 cities on a scale of 1 to 100, based on a number of indicators, including standard of living, crime rate, transportation system, access to education and health, and economic and political stability.

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11.09.18

Uruguay signs agreement with China

Uruguay signs agreement with China

China and Uruguay signed a memorandum of understanding that enables the South American country to join the so-called “New Silk Routes.” Through this great global investment plan launched by Beijing, Montevideo hopes that Chinese firms will support infrastructure construction projects in the country.

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20.07.18

Growth in Industrial Exports

Growth in Industrial Exports

In June 2018 exports in the automobile and plastics industries were the most dynamic exports in Uruguay, with a total of US$ 405 million, representing an 11% increase in cumulative exports for the year.

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20.07.18

Foreign Investment in Logistics

Foreign Investment in Logistics

The multinational corporation Katoen Natie Logistics, which provides value-added services in logistics, invested US$ 10 million in our country together with its partner, the meat-packing plant Frigorífico Modelo.

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20.07.18

Investments in Infrastructure

Investments in Infrastructure

Investments in infrastructure for the year 2017 amounted to US$ 2.13 billion. This brings the combined total of infrastructure investments for the period spanning from 2015 through 2017 to US$ 6.9 billion. The largest investments in infrastructure in 2017 were in telecommunications, which at a total of US$ 154 million show the greatest growth. Thus in the three years between 2015 and 2017 investment in infrastructure in this field reached US$ 545 million.

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27.06.18

Uruguay with Stable Outlook and Credit Rating

Uruguay with Stable Outlook and Credit Rating

The country retains its second level investment grade, according to the financial risk rating agency. This is a major factor taken into account by foreign investors who are considering investing in the country. S&P affirmed Uruguay’s sovereign credit standing at BBB and rated its outlook as “stable,” thus indicating a solid foreign position for the economy despite dollarization levels.

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27.06.18

New Agricultural Office in China

New Agricultural Office in China

On Friday, May 11, the Uruguayan Embassy in China inaugurated its Agricultural Attaché Office to strengthen the Agricultural and Economic and Trade Department in the diplomatic mission in Beijing, and to consolidate the institutional presence of the country’s Livestock Ministry and Meat Institute in the Asian nation. The aim of this office is also to facilitate contacts between Chinese government agencies and local operators.

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