Uruguay virtual phone numbers

In Uruguay, businesses must comply with telemarketing regulations that include:

• Telemarketers must obtain prior explicit consent from individuals before making any marketing calls. This is facilitated through the National Do Not Call Register, where individuals can register their fixed or mobile numbers to avoid unsolicited calls (Source: Isbel)
• The do not call registry is managed by the Communications Services Regulatory Unit (URSEC), and businesses are required to update their call lists regularly to ensure compliance (Source: Isbel | URSEC)
• Telemarketing activities must also adhere to the Consumer Relations Law No. 17,250, which includes provisions on consumer protection and the right to opt out of marketing communications (Source: Lex Mundi)

These regulations emphasize the importance of obtaining consent and respecting individuals' rights to avoid unsolicited marketing calls in Uruguay.

Uruguay's economy is set to rebound in 2024 after a difficult year, driven by growth in key sectors.

• Agricultural Exports: Uruguay's largest export, soy, is expected to recover strongly in 2024 after a slump in 2023. The country will also see sustained growth in bovine product exports, further bolstering the agricultural sector's contribution to economic growth. The end of a severe drought should lead to a bumper harvest, lifting both agricultural exports and industrial production.
• Private Consumption and Investment: Rising real salaries and employment rates are projected to boost private consumption in 2024. This growth will be supported by a recovering labor market and inflation rates within the Central Bank of Uruguay's target range. Additionally, Uruguay's relative stability compared to other Latin American markets is expected to drive a strong rebound in investment.
• Trade: Both imports and exports are set to increase in 2024. Exports will see a significant rebound due to the larger soy harvest and base effects following a slow 2023. Meanwhile, higher private demand will lead to an increase in imports, contributing to Uruguay's overall economic growth.

With the agricultural sector leading the way and positive trends in private consumption, investment, and trade, Uruguay is positioned for an economic resurgence in 2024.