A Uruguayan cruise industry expert has brought up an interesting debate about the whole business for South America if Chilean port and auxiliary services costs remain so high that they end convincing some of the cruise companies to drop the traditional Pacific and Chilean leg of the tours.
The Russian Federation became at the end of the first half of the year, Uruguay’s main client for beef compensating weaker demand from the European Union and other important markets, according to the latest data from the country’s National Meat Institute, INAC.
Kuwait and Uruguay signed several agreements to bolster bilateral relations during the visit to Montevideo of a high level delegation from the Middle East country. Kuwaiti authorities announced that the kingdom would soon be opening an embassy in Montevideo.
Brazilian President Lula da Silva and Uruguay’s Jose Mujica on Friday defended South America’s integration as a peace zone and reiterated the two countries commitment to Mercosur and Unasur.
The financial dealings of New Zealand Trade Minister Tim Groser are under scrutiny amid revelations he owns thousands of shares in a Uruguayan-based dairy company that he actively promotes as part of his job, according to the NZ press.
The Uruguayan government and opposition expressed deep satisfaction with the agreement reached with Argentina for the monitoring of the River Uruguay which did not include ‘detrimental sovereignty issues’ and sealed the end to a long standing conflict.
Continental and United airlines received this week the approval of European regulators permitting the two carriers to move ahead with their plans to create the world’s largest carrier.
Uruguay and Argentina finally reached on Wednesday an agreement for the joint monitoring of the River Uruguay which should end the long-standing dispute over the construction of the Finnish UPM/Botnia pulp mill dating back to 2005.
Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.
Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.