Uruguayan Ministry of Economy admitted that inflation has become a permanent challenge demanding an ongoing monitoring of prices. Remarks follow the latest readjustment of fuel (2.4%) and bakery (14%) prices which have been influenced by the soaring values of oil and wheat.
Uruguay's flag air carrier PLUNA officially presented this week the first of fifteen Canadian manufactured Bombardier CRJ900 models with which the now partly privatized company intends to renew its fleet and regional business opportunities.
Responding to the need to increment our international expansion, the ICG Software group will open an own office in the Oriental Republic of Uruguay, in order to foster the strong growth of business in the Southern Cone.
Unites States banking authorities and regulators who during the nineties recommended Latinamerica to closely monitor its financial system apparently forgot to look at home and this has led to the current financial crisis, said Uruguayan economist Enrique Iglesias
Uruguay will open its continental platform for oil exploration in 2009 following on encouraging seismic surveys of the area, said this week incoming Minister of Industry and Energy Daniel Martinez.
Uruguayan president Tabare Vazquez on the third anniversary of his administration completed the reshuffling of the cabinet in preparation for the 2009 electoral year.
Next November Uruguay will extend a formal invitation to all those oil companies interested in considering the hydrocarbons potential of the country, based on a battery of data collected during the last few years, according to top officials from the country's government owned petroleum and fuels monopoly Ancap.
The European Union temporarily suspended export certificates for three Uruguayan fish processing plants and questioned the country's Fisheries Department regulations' compliance system, confirmed sources from Ministry of Agriculture, Livestock and Fisheries.
Uruguay's energy situation is delicate, but not critical, however demand is higher than estimated and water reserves although sufficient are not being replenished as would be desirable admitted the country's head of the government owned electricity corporation.
Spain is interested in further promoting its fishing fleet in the South Atlantic using Montevideo as an operational port for the area, said Spanish Minister of Agriculture, Fisheries, and Food (MAPA), Elena Espinosa during her visit to Uruguay.