News

02.08.19

Recognition to Carrasco International Airport

Recognition to Carrasco International Airport

Carrasco International Airport, Uruguay's main air terminal, was recognized with the 2019 Trazee Travel award as one of the five best in Latin America, as well as the Duty Free Shop Airport.

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02.08.19

OECD Features and highlights Uruguay

OECD Features and highlights Uruguay

The Organization for Economic Cooperation and Development (OECD) presented an updated report on regimes with harmful tax practices and Uruguay had no observations. Years ago, the OECD had announced for example that local free zones were among jurisdictions with “harmful tax incentives” and did not respect the measures to fight evasion promoted by the multilateral agency.

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30.05.19

Uruguayan goods exports on the increase

Uruguayan goods exports on the increase

According to a report issued by Uruguay XXI in April 2019, national goods exports registered an interannual growth of 10.1 percent, totalizing US$ 864 million.

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30.05.19

Credit rating agency ratifies Uruguay’s investment grade

Credit rating agency ratifies Uruguay’s investment grade

Standard & Poor’s (S&P) credit rating agency maintained its rating on Uruguay at BBB, a notch higher than the investment grade, while affirming that the outlook remains stable.

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16.04.19

Uruguay: the best place for business

Uruguay: the best place for business

Considered the gateway to Latin America, Uruguay has been identified by several international corporations as a regional hub to expand their operations. Pepsico, BASF, Trafigura, Sony, UPM, Roche, Danone, and Renault are just a few of the companies that have chosen the country to do business, centralize their production processes, or set up distribution centers.

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17.12.18

Favorable investment context in teh Real Estate industry

Favorable investment context in teh Real Estate industry

According to the latest Competitive Intelligence report issued by Uruguay XXI—the country’s investment, export, and country brand promotion agency—in 2017 Uruguay’s real estate GDP grew by 2.7 percent in real terms, reflecting the highest inter-annual growth in recent years. Uruguay offers ideal conditions for foreign investment, most notably the country’s respect for the rule of law, clear rules of the game, and an investor-friendly business climate.

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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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