Uruguay Properties

Investing in Uruguay

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Living in Uruguay

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In spite of the world sircumstances Uruguay continues to grow

In spite of the world sircumstances Uruguay continues to grow According to the latest release of the Central Bank, in the first quarter the economy increased 3.7% over the same period a year ago.Growth was based principally on the positive performance of energy and telecommunications supply, agriculture and livestock and financial intermediation, says the central bank report. A more rainy first quarter than in 2012, helped agriculture and hydroelectric generation. This had an impact because hydro generated electricity has a greater gross aggregate value than that from thermal plants. Transport, storage and communications increased 4.4% but this was mainly because communications more than compensated a poor performance of storage and transport. In the item transport ‘remains as a big setback the lesser activity from air transport as a direct consequence of closing down Uruguay’s flag carrier Pluna”, said the central bank report. The Uruguayan government expects 4% growth for full-year 2013, while private analysts forecast more modest expansion of 3.59%, according to a central bank poll. In related news the latest Outlook from the World Bank forecasts that Uruguay’s economy this year will expand 3.8% and 4.1% in 2014, and 4.3% in 2015, compared to 3.3% and 3.8% for the Latinamerican region in the short and medium term.

Source: Merco Press - 15/06/2013


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Cost of installing a company in Uruguay

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