
While property prices in destinations like Europe and North America have been deeply affected by the global financial crisis, luxury real estate in this renowned South
American getaway remains exceptionally strong.

The coming Americas summit in Trinidad Tobago, bilateral affairs and regional issues was the long agenda addressed by Uruguay’s Foreign Affairs minister Gonzalo Fernandez during a meeting Monday with Secretary of State Hillary Clinton at the US State Department.

The Uruguayan government has modified the bidding terms for offshore oil and gas exploration and exploitation, given the dramatic fall in oil prices and the deepening global economic crisis.

Uruguay’s consumer inflation climbed 0.77% in March according to the release from the country’s Statistics Office. In the first quarter of 2009, retail prices have risen 1.29% and 7.53% in the last twelve months.

The Organization for Economic Cooperation and Development, (OECD) welcomed on Thursday the formal endorsement by Uruguay of its tax information exchange standards.

The Organization for Economic Cooperation and Development OECD has placed Costa Rica, Malaysia, the Philippines and Uruguay on its blacklist of non-cooperative tax havens, as part of efforts agreed at the G 20 London summit to crack down on tax evasion.

Two public opinion polls released this week ahead of Uruguay’s June’s primary election when political parties must choose their presidential candidates virtually coincide in the standing of the different hopefuls. However they differ dramatically regarding the overall vote: ruling coalition versus the opposition.

Farm equipment manufacturer Case IH chose Uruguay and its local distributor Corporación Global, for the Latinamerican launching of one of its largest and most state of the art combine, the Axial-Flow 8120.

Boosted by international and domestic demand Uruguay’s economy expanded for the sixth year running having recorded last year, 8.9%, according Central Bank president Mario Bergara.

Tourists from the United States are discovering Uruguay and with good reason: it’s an oasis of tranquillity with a near-perfect climate that eagerly welcomes foreign guests, providing a rich mix of historical, beachside, urban, rural, and ecological offerings.