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Uruguay´s citrus industry on the rise

          Citrus production in Uruguay represents approximately 1.1% of the gross agricultural product and generates an income of US$ 60 million. It is one of the main non-traditional export commodities after rice and dairy products. #adp02 The activity has consolidated an export-oriented production chain in the country, increasing its productive processes of vertical integration (production-processing-trading). Half of the annual production is exported (counter-season sales) and the…

China and the Inter-American Development Bank launch $1 bln Latam investment fund

China and the Inter-American Development Bank said on Monday they are starting a $1 billion fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil. To feed its fast-growing economy’s voracious appetite for raw materials, China has invested tens of billions of dollars in the region, from Mexico to Argentina, over the last decade to acquire strategic assets or companies in sectors such as oil, minerals and food…

Uruguay to be next investment grade country from Moody’s rating

Uruguay is likely to be the next Latin American country to win an investment grade rating from Moody’s Investors Service, with a review likely late this year, a senior officer from the ratings agency said on Sunday. Moody’s rates Uruguay’s long-term sovereign foreign currency credit at Ba1, one notch below investment grade, with a positive outlook. If upgraded, the country would join bigger peers such as Brazil, Colombia and Peru, which have won coveted investment grade ratings in recent years.…

Latin America’s infrastructure grows fast

Latin America’s has long been considered a laggard in terms of global infrastructure development, but that perception should be changing. Countries such as Brazil, Mexico, Chile, Peru, and Puerto Rico have all begun major long-term infrastructure projects ranging from roads to dams to telecommunications towers to airports. Infrastructure development in the areas of energy, transportation and telecommunications have seen the greatest recent growth, with estimates ranging as high as $450 billion, to be…

HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years.

The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years. The world’s top economy in 2050 will be China, followed by the United States. No surprises there – since China’s reforms in the 1980s, economists have said it’s not a question of if, but when, China’s collective economic might will top the U.S. #adp02 But among the smaller, developing nations, there are several surprises by HSBC prognosticators:But…

Uruguay passes Tax Bill on rural land ownership

A Rural Concentration Tax (ICIRA) bill was passed yesterday by the chamber of deputies and it intends to enforce the taxing of rural land owners of over 2,000 hectares of terrain. #adp02 The ICIRA constitutes an annual tax per hectare; ranging from US$ 8-16 for land exceeding two hectares. The creation of this new tax aims to avoid the concentration of land ownership. The ICIRA is a project initiated by the president of Uruguay, Jose Mujica, and will now been transferred to senate to be given its full form.…

Uruguay is the best place to live in Latin America according to the Legatum Institute

According to the latest Prosperty index, Uruguay ranks 29, followed by Chile, 31, Argentina 39 and Brazil, 52. In the whole of the Americas, Uruguay is the only country that figures in the highest ranking with Canada (6) and the US (10). The rest of South America is ranked medium while Ecuador and Bolivia figure at the lowest level. The Legatum Institute describes itself as an independent non-partisan public policy group based in London, with research, publications, and programs that advance ideas and policies…

Argentina, Chile and Uruguay with highest human development index in Latam

Argentina, Chile and Uruguay have the highest standards of living in Latin America according the latest report from the United Nations Human Development Index (HDI). Worldwide out of 187 countries Chile ranks 44, Argentina, 45 and Uruguay 48. The HDI is calculated from a set of indicators including literacy rates, years of schooling, life expectancy and per capita income. On a scale from zero to one Uruguay’s HDI was 0.783 this year which means it has sustainedly advanced in the last few decades improving…

Argentina – Brand Storming

Argentina – Brand Storming Como parte del 4° Congreso Internacional de Shopping Centers organizado por la CASC, se desarrolló el tema ‘desarrollo y gestión de marcas’. Brainstorming, así fue titulado este segmento, en el que se planteó el desafío de repensar las marcas, y analizar las nuevas tendencias sobre el diseño de puntos de venta. La exposición estuvo coordinada por Fernando Noguera (Centro Comercial Nordelta). …

Chilean/Swedish group subscribe usd 1.354 billion for the construction of a pulp plant in Uruguay

  Arauco owns 50% of the Montes del Plata project in partnership with the Swede-Finish corporation Stora Enso which in planning to invest 1.9 billion dollars in the plant for an annual production of 1.3 million tons of pulp.   The credit package includes a 454 million dollars loan from the Inter American Development Bank and another 900 million dollars from different financial sources.   Last July Arauco signed a guarantee agreement to extend collateral in support of the financial obligations.…

The Land Report – Campos – Ranches and Legacy Property Owners Around the World

        Hall and Hall – Eric O’Keefe of The Land Report report talk about Ranch Land in the USA. Much of what he says also applies to other worldwide Legacy properties like Estancia Punta del Agua in Argentina. Who are the Largest Private Land Owners in the United States of America Most of America’s biggest spreads are in the West. Here are the storied dynastic ranches owned by heirs of the Kings, Waggoners, and Burnetts. This is also where corporate chiefs like Ted…

Unasur forecasts South America’s decade

  A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia. Meeting in Madrid for the tenth anniversary of the Spanish foreign affairs think-tank Royal Institute Elcano, Ms Mejia together with other world experts and politicians were invited to discuss the international crisis, the emergence of new powers…

Biggest South America Corporate Farm Groups

        With agricultural commodity prices at multi-year highs, buying farmland is seen as a more direct way to cash in on valuable crops and to take advantage of long-term appreciation of farm property. As a result, investors from around the world are pouring a lot of funds into agriculture this year to boost yields across the top producer nations as record high food prices jolt markets and send buyers scurrying for supplies. South America is today worldwide considered a top place to buy,…

Foreign Money Driving Uruguay’s Real Estate Boom

Espectador has a feature interview with former Uruguay Central Bank Director Juan Carlos Protasi regarding the status quo of Uruguay real estate and foreign investment. The current boom in Uruguay is due to new waves of foreign investment, says Protasi, and not because Uruguayan banks are loosening borrowing guidelines. “The good thing is that here in Uruguay there has been no intervention with the credit markets. If real estate prices fall a little bit, there won’t be an impact on bank portfolios.…

The South American agricultural landscape

June 2011 | by Simon Adamson       An arable crop of over a quarter of a billion tonnes is hard to imagine, but that’s what Argentina and Brazil are harvesting right now. Favorable weather, yields and prices have made many South American farmers winners again this season, but it also means shifting goalposts for agribusiness. Prices for arable land have jumped; in Uruguay they’ve risen 800% in the past decade. Soybean rules the landscape; it’s the crop of choice wherever it…
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