News

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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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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