Ec. Fernando Lorenzo, secures number 2 ranking for second consecutive year

Sabre will open a new office and increase its staff to 1,200 employees

Robert Bennett and Juan Balparda from Uruguay XXI and Leonardo Loureiro from CUTI were interviewed by CÑN journalist Ismael Cala.

Uruguay improved its global position in the ranking after simplifying the procedures for opening businesses and releasing information on bank loans

During the month of October Uruguay XXI will be on tour in Argentina, including the cities of Córdoba and Rosario attending to forums organized by the Uruguayan Consulates, Estudio Soneira Law firm, Álvaro Milburn Ltda Foreign Trade and Uruguay XXI.

Our Executive Director, Mr. Roberto Villamil delivered a presentation on business opportunities in Uruguay to a select group of top rank businessmen in Hamburg, Germany.

Uruguay XXI, Uruguay´s Chamber of Information Technology and private companies Código del Sur, De Larrobla and Zonamerica were present at the event during October in Orlando, Florida.

The Municipality of Montevideo called an international tender for the construction and commercial operation of a sports, convention center and exhibition center in the area of the Cilindro Municipal.

The event took place from the 12th to the 14th of September in Orlando, Florida. Accompanied the representatives of Uruguay XXI, Mr. Alvaro Paz, Outsourcing Manager at PwC, Mario Tucci, Senior Consultant at World Trade Center, Ignacio Menafra, Director of Procura and Alejandro Blanco, Director of ProcuraTCS.

On July 12th Uruguay´s Legislative Branch passed the public-private partnership (PPP) law, which regulates contracts between the Government and the private sector for infrastructure construction and related services. The law, that received support of representatives of all political parties, was unanimously approved. (Read more in Spanish)

Uruguay's bond ratings were raised by Fitch Ratings from BB to BB+, the highest non-investment grade, as sustained economic growth supports declining debt ratios

Geely International and Nordex have reached an industrial cooperation agreement by which Geely will invest in building a fully equipped assembly plant within the property of Nordex in Uruguay to produce passenger vehicles for the Mercosur.

After all eyes were on Asia, now is the turn of Latin America. Brazil, Uruguay and Chile top A.T. Kearney´s 2011 Global Retail Development Index, the annual ranking of emerging countries where the outlook is best for large retailers.

Facility will connect South American crops with global markets

Last March 24, AvtoVAZ announced it is considering the establishment of a production facility in Uruguay. According to Artem Fedosov, vice president of marketing and sales, the new plant will specialize in the production of Lada Niva 4x4 models for the South American market, including Brazil.

Governments of Uruguay and Argentina directed their energy companies to carry out actions and take all measures to facilitate the construction of an LNG re-gasification plant in Uruguay.

Uruguay's Economic Climate Index is also higher than that of the European Union, Brazil, China, Germany, France, Japan, India, United States, the United Kingdom and Russia.

Gol moved its sales desk of international tickets from São Paulo to Montevideo. The purpose of this decision was to improve its customer service in Spanish.

Gladiator Resources Ltd has entered into an option and joint-venture agreement with Orosur Mining Inc. in order to explore and develop the iron ore, manganese ore and base metal potential within Orosur's project area at the Isla Cristalina Belt in Uruguay.

In order to improve wood procurement options and to support self-sufficiency in wood supply to Fray Bentos pulp mill, UPM's plantation company Forestal Oriental has acquired about 25,000 hectares of land in Uruguay from a private land owner.

Uruguay becomes the second Latin-American country recognized by the European Commission as offering an adequate level of data protection. This is the result of a process that began in 2008 with the Personal Data Protection Act (Law 18331) and opens the possibility for new European investments.

Annually, IBM Global Business Services, a division of IBM Corp., publishes a Global Location Trends report for which it develops a ranking of the 20 countries that received most foreign direct investment (FDI) relative to their population size. In the 2010 edition, based on 2009 data, Uruguay ranked 19th.

Bank of Nova Scotia, Canada's third-largest bank, agreed to buy Nuevo Banco Comercial and consumer-finance company Pronto! to become the first Canadian bank with a branch network in Uruguay.

The US firm APAC Customer Services will open a call center in Uruguay that will employ 800 people in 2011 and have a budget of US$ 1 million a month. It already signed a contract with Aguada Park free zone, where it will locate the first office in Latin America.

Uruguay tries to attract investors worldwide through an advertising campaign in the global print edition of The Economist

Fitch Ratings has upgraded Uruguay's long-term foreign currency Issuer Default Rating (IDR) to 'BB' from 'BB-' and the long-term local currency IDR to 'BB+' from 'BB'. The Outlook on both ratings remains Positive.

Uruguay overall champion of tourism in Latin America, according to the Latin Tourism Index.

Panama and Uruguay replace Chile in technology and Internet penetration.

New procedure to register companies, which allows having a new company in 24 hours.