Uruguay’s Punta del Este has long been a tourist magnet. Now investors and policymakers are eyeing a post-pandemic transformation Uruguay’s Punta del Este, sometimes called the Monaco of South America, became a pandemic refuge for thousands of wealthy summer-home owners. Now investors are pouring millions into offices and education services in a bet that immigration…
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Bienes raíces a medida
Bienes raíces a medida
Bienes raíces a medida
Green investments for all in Uruguay with thanks to Interamerican Development Bank-Invest initiative Uruguay sets the bar for the energy transition in the region. It grew its wind power capacity from 1% to 31% of its electricity mix in just one decade. Before the rise of renewables, Uruguay largely obtained its electricity from hydroelectric dams,…
Read MoreOn Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that…
Read MoreFollowing on three years of absence because of the pandemic, “cruises will be returning to Uruguay and Argentina and in the specific case of Uruguay, it will be a record for the last ten years”, explained Ferraz (CLIA) during a cruise convention held in the Uruguayan city of Colonia, just across from Buenos Aires. Ferraz…
Read MoreThe British magazine Euromoney delivered a report “providing a useful measure of relative risk for investors around the world,” according to which “Uruguay is the 18th safest country on the planet” and “the safest country” in Latin America to invest in. Uruguay’s risk score continued to improve during the first half of 2022 thanks…
Read MoreUruguay will gauge investor appetite for developing massive green hydrogen projects in the south Atlantic when it starts the tender of 10 offshore wind power blocs in the coming months covering an area the size of Delaware. State energy company Ancap plans to publish bidding rules for offshore blocs this year and pick the winners in the…
Read MoreEuropeans are increasingly choosing Uruguay as a country of immigration. In the first six months of this year, 52,277 Union citizens applied for a residence permit in the smallest Spanish-speaking country in South America. On the other hand, from the beginning of the pandemic until now, Argentines have accounted for 60 percent of the residence…
Read MoreUruguayan President Luis Lacalle Pou tops the list of most-approved Latin American heads of state, according to an Ipsos survey released Monday. The study, conducted between July 14 and August 8, among 297 opinion leaders from 12 countries, showed Lacalle had a 74% approval against 14% disapproval. The remaining 12% did not have an opinion….
Read MoreArgentina, Chile, Uruguay and Paraguay have submitted a joint bid to host the 2030 World Cup. Uruguay hosted the competition’s first ever tournament in 1930 and say they want to bring the World Cup “home” when it celebrates its centenary.”This is the dream of a continent,” said Alejandro Dominguez, president of the South American Football…
Read MoreUruguay’s Central Bank of Uruguay this week ordered a 50 basis point increase in the interest rate policy, the eighth straight increase since last August. The move, which brings the monetary policy rate to 9.75%, means the central bank has ordered 525bp of increases in total over the past 11 months. The 50bp hike was…
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