MercoPress. South Atlantic News Agency
Business climate in Latam receives 'unfavorable' assessment from Brazil's leading foundation
The business climate (ICE) in Uruguay was down in the third quarter of the year, which means the country dropped from position 5 to 7 in the ranking of the eleven economies contemplated in the index elaborated by the Brazilian Getulio Vargas Foundation and Germany's respected IFO. Read full article
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Disclaimer & comment rulesChile, the ICE-ing on the cake.
Nov 14th, 2013 - 06:40 pm - Link - Report abuse 0Comment removed by the editor.
Nov 14th, 2013 - 10:24 pm - Link - Report abuse 0Uruguay is undoubtedly in a far worse situation economically than when Vasquez was the President.
Nov 15th, 2013 - 06:52 pm - Link - Report abuse 0The old commie terrorist Pepe with his deluded inarticulate homilies that nobody seems to understand has made a stupendous failure of his presidency. In less than four years he has bloated the government “workers” (if only that were true, the majority are lazy sods) and wasted serious money on his misplaced Social Inclusion Programme, which is neither social or includes the participants in the mainstream activity of working for a living.
However, his crowning “glory” must be the fact that he has brought forward sovereign debt that will take TWO generations to pay back.
Only the dummies of the old Tupas could think that an achievement.
Now whether that puts Uruguay into a depression is a moot point.
On a far more positive note, it was reported here in the press today that the tourist entry visa now required for certain countries may be removed.
Nov 15th, 2013 - 11:58 pm - Link - Report abuse 0This would include North America ( USA and Canada ), Mexico, Japan, and Australia. This move is based on the large tourist numbers for Brasil in 2012 from those countries, and the obvious need to expedite and facilitate tourists wishing to travel to the forthcoming World Cup, and Olympics in Brasil.
This will now go to the Senate: More to follow.
I hope this is helpful to some members here considering a trip here in the future. Just remember to start saving now as it is really quite expensive now.
Like Zurich in fact, but more colourful and friendly.
I just wonder what kind of business you can do in Chile and Ecuador?
Nov 16th, 2013 - 12:54 pm - Link - Report abuse 0Oops nothing...
May be that is the reason of having favourable climate business?
I just wonder what is in Dany's head?
Nov 16th, 2013 - 04:46 pm - Link - Report abuse 0Oops nothing...
@Condorito
Nov 17th, 2013 - 09:32 am - Link - Report abuse 0Enlighten us please Condorito.
what do you recommend to invest in Chile or Ecuador in the productive sector???...
@Dany,
Nov 18th, 2013 - 12:06 pm - Link - Report abuse 0In the last 25 years the Chilean economy has averaged annual growth of 5% (without chaotic devaluations every 10 years). If you can't find high return investment in an economy with that kind of growth then you can't find it anywhere.
This is why Chile, with an economy half the size of Argentina, receives more than double the investment. But I am sure all those investors are wrong and you are right.
@Condorito
Nov 18th, 2013 - 04:56 pm - Link - Report abuse 0You didn't answer my question just repeat govt. propaganda.
if you have lets say U$s200k to create a little company what will you do?
@Dany,
Nov 18th, 2013 - 07:30 pm - Link - Report abuse 0I did answer your question. You ask, where can one invest in Chile (I don't know about Ecuador). Which is kind of like asking “where can I buy a house?”. It depends on all sorts of specifics, so I gave you a general answer.
What I am saying @8 is that in an economy that has 25 years of healthy growth (that is not government propaganda) there are abundant investment opportunities. I am sure you understand that.
If my “propaganda” is not sufficient then just look at the facts: there is a flood of money that pours into Chile. Chile is the 11th largest recipient of foreign investment in the world. In other words it is seen as one of the best investment destinations in the world by investors.
@9 again you are asking a very specific question that I can't answer for you. How you invest has to do with your knowledge, skills and understanding of a particular market. If I remember correctly you are mechanically oriented (or is it IT?) In which case you could set up a company serving the mining industry or other industry that require technical subcontractors. There are also lots of grants available and you can now incorporate a business in less than 24 hours.
Alternatively (this is not in answer to your question) you could just do what many Argies are doing now and buy 1 or 2 apartments or offices in Santiago. This gives you an investment and a monthly return in a solid currency.
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