Uruguay’s renowned sea resort Punta del Este will be hosting next December the 2010 Eurofruit Congress Southern Hemisphere. This is the first time the annual conference and exhibition event for the region’s fresh produce industry comes to Uruguay.
Argentine Foreign Affairs Minister Héctor Timerman informed via Twitter that he will fly to Montevideo next Monday to meet his Uruguayan counterpart, Luis Almagro in the framework of the recent agreement regarding the dispute over the UPM/Botnia pulp-mill.
Uruguay has 1.7 million hectares of forests of which almost a million hectares have been planted to feed the growing pulp industry while the rest are so called native forests, according to primary data from an inventory compiled by the Ministry of Agriculture with support from United Nations.
While Uruguay supports the regional trade group Mercosur, “we are also trying to diversify the economy more to other parts of the world” said central bank president Mario Bergara during his recent visit to meet investors in New York.
“Happy Independence Day, Uruguay”, said US Secretary of State Hillary Clinton in her August 25th message adding that “the US joins in celebrating your many accomplishments this past year, and in honouring your leadership in our region and across the world”.
Uruguay whose credit rating was cut to junk in 2002, expects to return to investment grade within two years, central bank President Mario Bergara said. “We are confident that in one or two years we will have investment grade again,” Bergara said at an investors’ conference in New York Monday.
Uruguay’s wool clip is forecasted to drop 20% in 2010/11 because of a fall in the number of sheep and extreme weather conditions that will represent a loss of almost a kilo of wool per head, according to Alvaro Fossati, president of a sheep farmers association.
The number of tourists visiting Uruguay during the first half of the year over the same period in 2009, increased 5.5% totalling 1.266.898, while revenue jumped 18.7% in US dollars (878.6 million USD), according to the latest numbers released by the Ministry of Tourism.
Sales of real estate in Uruguay’s internationally renowned resort Punta del Este and its area of influence reached almost 1.5 billion US dollars between January first 2009 and the first half of 2010, according to the Tourist Office from the County of Maldonado.
Uruguayan Vice-president Danilo Astori and a delegation of sixty businessmen are en route to China for a week long visit to strengthen bilateral relations and further promote trade and investments.