Uruguay
Uruguay feedNew Carrasco terminal among the “most beautiful airports in the world”
The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.
Mujica calls on followers to build a better society and not collect bills from the past
Uruguay’s president elect Jose Pepe Mujica called on militants and followers “to meditate, to think” about the motives for “the cause, colours and commitments” of the catch-all coalition which under his leadership will be repeating another five years of government.
All Mercosur leaders present at Mujica’s inauguration next March
Mercosur presidents have confirmed attendance to the inauguration next March first of Uruguayan president-elect Jose Mujica who will be heading a second consecutive government of the catch-all centre left coalition Broad Front.
Uruguay January prices pick up again and reach 0.93%
Prices in Uruguay surprised in January, showing signs of picking up again, driven in large part by higher medical costs, the latest salaries agreements and dearer vegetables according to data published earlier this week.
BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank
French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.
Montevideo seems prepared to vote for a Communist Mayor next May
Montevideo, Uruguay’s capital will most probably have as of next July a Communist Mayor with the support from the political machinery that has dominated undisputedly the city’s politics for the last two decades.
Punta del Este, “invaded” by 12.000 visitors from four cruises on a single day
Punta del Este, Uruguay’s main sea resort on the Atlantic coast received last week on a single day an estimated 12.000 visitors from cruise vessels, challenging transport resources but with singular success given the excellent weather conditions and food and leisure facilities in the city.
Uruguay’s budget deficit in 2009, highest since 2003 pushed by energy costs
Uruguay’s 2009 fiscal budget deficit soared to its highest since 2003 pushed by higher power generation costs and the import of dearer energy according to the official release from the Ministry of Finance. The total is equivalent to 2.1% of GDP and 50% higher than in 2008, which was 1.4% of GDP.
Uruguay 2009 competitiveness erodes 10.2% compared to main trade partners
Uruguay’ competitiveness eroded 10.2% during the twelve months of 2009, which represents the third consecutive annual loss. The data was extracted from Uruguay’s Central Bank Real Exchange Rate index (TCR) which measures variations with the country’s main trade partners.
In 2008 TCR lost 7.4% and the previous year, 7%.
Brazilian company invests heavily in Uruguayan dairy industry
A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.
Argentine teamsters’ boss penchant for a five-star hotel in Punta del Este
The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.
Mujica expects a solution to pulp mill conflict with Argentina by next March
Uruguay’s president-elect Jose Mujica said that the long standing conflict over the Botnia pulp mill, which has soured relations with neighbouring Argentina, will inevitably be solved but he will only be meeting with Argentine authorities and not with the pickets who are blocking bridges leading to Uruguay.
“A repeat of the Argentine situation” in Uruguay “virtually impossible”
Uruguayan Vice-president elect Danilo Astori said that the institutional-financial “solidness” of the country makes it virtually “impossible” a repeat of the current confrontation between the Argentine government and the Central bank.
Uruguay had a record tourism industry year in 2009
Uruguay had a very good tourist year in 2009 when the number of visitors climbed to 2.1 million and income reached 1.5 billion US dollars which is considered a record, according to Tourism Minister Hector Lescano.
Argentine depositors look for security and discretion in Uruguay’s banks
Argentines disenchanted with their current government are taking their savings to refuge in neighbouring Uruguay where deposits of non residents have soared 20% during 2009, according to primary estimates from the Central Bank.
