In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.
Uruguay ranks third, behind Argentina and Chile, as the Latin American countries with the highest Human Development Index (HDI), according to the United Nations Development Program (UNDP) 2010 Report, which shows that, despite the significant progress many countries have made, the region continues to register the greatest inequality rates in the world.
Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.
Uruguayan exports expanded over 20% in value during the first ten months of the year with Brazil consolidating as the country’s main trade partner, according to a report from Uruguay’s Exporters Union.
Interest in fixed assets, strong commodities’ prices and growing prospects that global demand for food producing land will continue have generated a new rush of foreign investors to buy land in Uruguay.
The Argentine Senate finally approved the nomination of Miguel Dante Dovena, a very close advisor of the Kirchner couple as the next ambassador in Uruguay.
Next November 13 the Holland America Line “Veendam” will be calling in Montevideo with 1.400 passengers signalling the official beginning of the cruise season in Uruguay expected to extend until April 4.
Uruguayan president Jose Mujica insisted that the best regulation for the media is no regulation, although admitting that many times he feels disappointed, when not furious with some of the articles published.
Uruguay’s Foreign Affairs minister Luis Almagro trusts parliament will ratify before the end of the year the Union of South American Nations, Unasur, protocol thus formally incorporating to the regional political and defence group. Uruguay’s legislative opposition does not support incorporation to Unasur.
The governments of Uruguay and Switzerland agreed a Double Taxation Agreement (DTA) on October 18. The document was signed by the Uruguay’s Economy Minister, Fernando Lorenzo, and his Swiss counterpart, Hans-Rudolf Merz.