The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.
A Uruguay former central bank president and now head of an investment fund described Argentine president Cristina Fernandez as a 'scoundrel' that will do her utmost to harm Uruguay because 'they hate us'. Juan Carlos Protasi made the statements during a morning conference to analyze the current Argentine economic situation and its regional implications.
President Horacio Cartes said on Friday he wanted a reliable and serious Paraguay, full of self esteem taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, but problems are challenges and opportunities.
Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.
Falkland Islands lawmaker Mike Summers cautioned at the latest meeting of the Legislative Assembly that a period of extensive change was inevitable for the Islands since the advent of the hydrocarbons industry would change the size of things and to some extent the nature of the community.
The mayor of Rio de Janeiro has said it is a shame his city will be hosting the Olympic Games in 2016 because Brazil lacks a sports policy. Eduardo Paes said that his city should not pay for high performance athletes.
A total of 5.93% of rural land in Argentina is foreign-owned President Cristina Fernández announced which amounts to 15.8 million hectares. During a speech at Government House, Justice Secretary Julián Alvarez presented a survey that is a prelude to the full implementation of the Law 26,737 on Rural Lands (Ley de Tierras Rurales) passed in 2011 to place a 15% limit on foreign ownership of rural land in Argentina.
A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.
The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.
The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices rise more. So in fact, no single country has seen its housing prices increase as much as Brazil.