Uruguay: a Sustainable Economy
SPECIAL ADVERTISING SECTION URUGUAY A Sustainable Economy important and credible player within Latin America, The Telecommunications Tower, the country has grown substantially and consistently headquarters of government An over the past decade telecom Antel, was designed by the renowned Uruguayan architect Carlos Ott. It is a Secure, modern, and boasting an attractive investment climate, landmark of Montevideo and a Uruguay enjoys a strategic location between the continent’s national symbol of modernity largest economies—Brazil and Argentina—and access to a market and progress. Ott is also the of around 200 million through the Mercosur customs union, architect of the Burj al Arab Hotel in Dubai and the renewal of thereby offering an excellent platform for regional investment. the Bastille Opera in Paris After eight years of government under the center-left Frente Amplio party, headed by President José Mujica since 2009, tioning can be seen in the Uruguay’s time has come. The country celebrated both its bicen- swap and issuing of new tennial anniversary and its 15th Copa America soccer victory bonds successfully accom- in 2011, and its 3.3 million people are benefiting from the best plished by Uruguay in late economic, social and living standards in its history. Foreign invest- 2011, totalling more than ment for 2011 was up 30% from the year before. $1.8 billion,” Astori says. According to Vice President Danilo Astori: “Uruguay offers important fiscal incentives through its free trade zones and is Close Links to the U.K. the only country in South America offering free port and airport Fernando Lorenzo, Minister of Economy and Finance, explains regimes.
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