|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Uruguay

Foreign Investors in Uruguay Tout Its Bright Future

MONTEVIDEO – Executives of European companies hailed Uruguay on Wednesday as a prime investment destination in South America’s Southern Cone region, saying it inspired confidence because of its stability and strategic location between Brazil and Argentina.

Berthold Ebner (Germany), Carlo Zorzoli (Italy), Kurt Soland (Germany) and Claudio Lopez (Greece) offered that assessment as participants in the “Investment Opportunities in Uruguay” panel, a discussion kicked off by Uruguayan Economy Minister Danilo Astori and held on the opening day of the 1st European Investment Forum in Uruguay.

Zorzoli, Enel Group’s CEO for Brazil and Uruguay, said that latter country was small in area but boasted a very solid energy matrix and excelled in generating renewable energies like wind and solar.

He added that Uruguay possessed what Europe lacks in terms of natural resources and was in a favorable position going forward.

Claudio Lopez, CEO of Greek company Navios South American Logistics Inc., said Uruguay was a transparent and secure place to do business because government policy had remained largely consistent across several different administrations.

Ebner, CEO of BASF Services Americas, noted that as a producer of food for more than 70 million people worldwide Uruguay was an important investment destination in the agriculture and livestock sector.

Astori, meanwhile, said Uruguay once had had mediocre foreign investment results but had positioned itself in recent years as a prime destination for companies in the agribusiness, tourism and manufacturing sectors, as well as in global services, an industry that has taken hold more recently.

“Uruguay has managed to double its rate of investment over the past two years and surpassed Chile, one of Latin America’s leaders in terms of its GDP (gross domestic product) in relation to foreign investment,” he said.

Astori said Uruguay had diversified its economy and now was looking to make greater strides in the development of new technologies, with a particular focus on biotechnology and health care robotics.

The country, however, must do more in terms of infrastructure improvements and macroeconomic stability, he said, noting that those are key aspects for attracting investment in Uruguay and the rest of the world.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved