Uruguay Wineries Betting Tannat, Quality Will Open Export Markets

Patrick Archer agribusiness, creative class, foreign investment, lifestyle, real estate, uruguay, visionaries

Uruguay wine exports have surged over 500% since 2011, but many producers believe a new focus is needed to raise awareness and win more converts abroad. Uruguay Wines Look For Quality To Open The World’s Door is the headline of Mayte de Leon’s well-researched analysis in El Observador which documents how many Uruguay bodegas are producing more premium wines. In …

US$100 Million Investment For Uruguay’s First Big Solar Farm

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, technology, uruguay

Uruguay’s first large-scale solar farm was just announced yesterday providing more evidence of the country’s ambitious plans for diversification of the energy matrix and the rapid incorporation of renewable energies like solar, wind and biomass. The national power company, UTE, signed a agreement to purchase energy for 30 years from the solar farm being built in Salto by Madrid-based Fotowatio Renewable Ventures (FRV). The Uruguay solar farm …

US$2 Billion Montes del Plata Pulp Mill Begins Production In Uruguay

Patrick Archer agribusiness, competitiveness, foreign investment, technology, uruguay

Another important chapter in Uruguay’s rapid timber evolution began yesterday when the Montes del Plata pulp mill commenced production in Colonia. The state-of-the-art cellulose plant is the largest industrial project in Uruguay’s history and required an investment of six years and over US$2 billion. Montes del Plata is a joint venture between Chilean forestry company, Arauco, and Finnish pulp and …

Uruguay Forestry Will Soon Be Country’s Most Lucrative Agribusiness

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

Uruguay forestry and related activities will soon generate more revenue for the national economy than the other two pillars of Uruguay agribusiness today: meat and soybeans. “Around The Corner”: Forestry As The Great Engine Of The National Economy is the headline of the El Observador analysis which features an interview with the Pedro Soust, the Director of the Forestry Division …

Moody’s Upgrades Uruguay Credit Rating To Baa2

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, tourism, uruguay, us companies

Uruguay achieved its highest credit rating in history today when Moody’s Investors Services upgraded its rating for Uruguay government bonds to Baa2 from Baa3 with a stable outlook. According to the official press release, Moody’s based the ratings upgrade on three main drivers: the strengthening of Uruguay’s credit profile with adequate buffers and a lower debt:GDP ratio, declining exposure to …