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.
Venezuelan scientists and military officers set out Friday on their country's first expedition to Antarctica, leaving Friday from Uruguay's capital Montevideo aboard the Uruguayan naval research ship Oyarbide.
Uruguayan president Tabare Vazquez confirmed Saturday a deep reshuffle of the cabinet which in this first stage includes at least four relevant posts: Foreign Affairs, Defence, Industry and Energy; Education and Culture and Housing and Environment. The announcements are scheduled to be made public in the course of next week.
The Uruguayan government told Congress in Montevideo that it has no plans for a military alliance with Venezuela. The question was brought up following revelations that a delegation of Venezuelan military and scientists would be traveling in a Uruguayan navy vessel to Antarctica later this month.
The world's fifth largest yacht and one of the most expensive, 100 million US dollars, is currently anchored in the Uruguayan exclusive resort of Punta del Este. Le Grand Bleu was built in the Vulkan Bremen shipyards, designed by world famous mega-yachts Kusch Yachts and originally belonged to Roman Abramovich the Russian tycoon who among other things owns the English football club Chelsea.
Uruguay's consumer prices index, CPI increased 0.78% in January, below expectations but the largest monthly rise since last August, 1.73%. January's CPI a year ago was 1.77% and in 2006, 1.37%. The last twelve months CPI now stands at 7.44%, still above the 3 to 7% Central Bank target.
In spite of a surge in expenditure in the last quarter Uruguay managed to keep to its fiscal target in 2007 with a budget deficit equivalent to 0.34% of GDP, below the 0.5% established in the Central Bank financial program.