Friday, February 12th 2010 - 04:38 UTC

Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

The agreement also includes Repsol-YPF and Galp Energia from Portugal

Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.

Friday, February 12th 2010 - 04:29 UTC

Uruguayan president elect captivates audience of Argentine businesspeople

Mujica’s promised clear and tangible rules of the game, and government efforts to lessen risk factors

Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.

Wednesday, February 10th 2010 - 22:20 UTC

US officials confirmed the two F-5 engines were legally sold to Malaysia

The  engines have been in Uruguay since July 2008

United States officials confirmed before Uruguay’s Organized Crime Special Office that the two fighter planes F-5 engines found in a Uruguayan free zone had effectively been sold to the Malaysian government.

Wednesday, February 10th 2010 - 04:30 UTC

US new ambassador anticipates continued excellent relations with Uruguay

David Nelson, with a long experience in Uruguayan affairs

The new United States ambassador in Uruguay David Nelson anticipated good opportunities to promote business and investment between the administrations of President Barack Obama and incoming president Jose Mujica. He mentioned specifically livestock, forestry and agriculture.

Monday, February 8th 2010 - 05:02 UTC

New Carrasco terminal among the “most beautiful airports in the world”

The shell shaped terminal designed by Uruguayan architect Rafael Viñoly

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”.

Monday, February 8th 2010 - 02:07 UTC

Mujica calls on followers to build a better society and not collect bills from the past

 The former guerrilla leader will cap his presidential salary at the equivalent of 1.600 US dollars.

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.

Saturday, February 6th 2010 - 09:00 UTC

All Mercosur leaders present at Mujica’s inauguration next March

Uruguay’s president-elect wants the ceremony to be a people’s celebration but also austere regarding government funds

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.

Thursday, February 4th 2010 - 18:16 UTC

Uruguay January prices pick up again and reach 0.93%

Medical costs were among the items with highest increases

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.

Thursday, February 4th 2010 - 17:31 UTC

BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

Credit Agricole to focus on European market

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.

Wednesday, February 3rd 2010 - 11:55 UTC

Montevideo seems prepared to vote for a Communist Mayor next May

The double C (consensus communist) candidate Ana Olivera

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.


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