Uruguay made a long list of objections to the environment impact assessment study presented by the Aratiri mining project which plans open-pit extraction of magnetite (ferrous component) from vast resources in Valentines, the heart of the South American country.
Banco do Brasil, Latin America’s largest financial institution has requested a licence to operate in Uruguay as a commercial bank according to the Brazilian government’s news agency.
Current trade negotiations between the European Union and Mercosur dominated the opening speeches at of Eurolat (Europe/Latin America Parliaments) Fifth Plenary Session which is taking place in Montevideo.
With Uruguay’s economy growing at 8.5% in 2010 and managing to skip the 2009 slowdown with a 2.86% expansion, the housing market in the capital Montevideo is going through an excellent moment according to Global Property Guide based on info from local appraisers.
A French navy vessel equipped with state of the art systems for tracking missile launchings and other space objects called in Montevideo as part of its tour of the South Atlantic.
Mercosur will consider next June adopting a regional joint program to combat the mosquito transmitted dengue disease, which has become endemic in the group with the exception of Uruguay, and which has forced landlocked Paraguay to declare a national emergency.
Uruguay received 2.4 million tourists during 2010, 34% of which the capital Montevideo and if the cruise visitors are added the final number jumps to 930.000, according to Luis Polakof, head of the city’s Economic Development Department.
Foreign tourism in Uruguay during January injected 535 million US dollars to the economy, which is higher than the first two months of a year ago (515 million US dollars), according to the latest release from the Ministry of Tourism.
The Spanish embassy is closely following the difficulties faced by Spanish fishing companies in the port of Montevideo, some of which have decided to stop operating in Uruguay.
During January (summer high season) Uruguay received 413.780 tourists, 40% more than a year ago, with the Argentines leading the inflow, according to the latest figures released by Migration Office and the Ministry of Tourism.