Uruguay

Uruguay
Tuesday, April 6th 2010 - 03:48 UTC

CFK and Mujica discuss Bolivian gas and the Botnia pulp mill ruling

Mujica and Mrs. Kirchner Mujica held an unexpected meeting in Olivos

Argentine president Cristina Fernández de Kirchner, CFK and her Uruguayan counterpart José Mujica met Monday afternoon during a surprise visit to the Olivos presidential residence in Buenos Aires.

Friday, April 2nd 2010 - 23:05 UTC

Uruguay’ government gross debt ballooned 31.5% in 2009, to 69% of GDP

The budget deficit and a massive influx of foreign capital distorted Uruguay’s finances in the electoral year 2009

Uruguay’s government overall debt skyrocketed 31.5% during 2009 according to the latest data released by the country’s Central Bank. This marks a complete reversal from the previous four years that could be described as very prudent.

Wednesday, March 31st 2010 - 02:30 UTC

Mercosur is Uruguay’s main market for value-added exports, says Mujica

Mujica, “let’s not dream with what we don’t have” Pte.Lula and Pte. Mujica

Uruguayan president Jose “Pepe” Mujica admitted Mercosur has its problems but it is also the market for Uruguayan exports with most added value: “to the rest of the world we sell mostly commodities, to Mercosur Uruguayan input”.

Wednesday, March 31st 2010 - 02:21 UTC

NZ dairy company in Uruguay sells land to pay debts, but plans to remain

Uruguay has attracted dairy farmers from NZ, Brazil and Argentina

New Zealand Farming Systems Uruguay, listed in the NZ stock exchange, has sold 2,500 hectares of land on its Tobay farm in eastern Uruguay for 8.5 million US dollars in a move that will allow it to repay nearly half an outstanding debt to shareholder PGG Wrightson.

Monday, March 29th 2010 - 04:16 UTC

Mujica meets Lula da Silva to consider bilateral and regional integration

The Uruguayan president’s second trip overseas

Increasing trade, bilateral and regional integration dominate Monday’s agenda for the meeting in Brasilia between President Lula da Silva and Uruguayan leader Jose Mujica.

Friday, March 26th 2010 - 00:37 UTC

Uruguay outperformed other regional economies, expanding 2.9% in 2009

Latam’s largest economy Brazil stopped growing for the first time in 18 years

Uruguay outperformed all other Latinamerican countries last year, according to the latest available data on 2009 economic growth. The data shows the Uruguayan economy expanded 2.9% in 2009, compared to 1.2% for Peru and 0.9% in Argentina.

Wednesday, March 24th 2010 - 05:18 UTC

Argentina’s top ballet dancer head of Uruguay’s Dance Company

Julio Bocca, master of the art of ballet resides in Montevideo

Argentina’s renowned ballet dancer Julio Bocca has been named by Uruguayan president Jose Mujica as the new director of the official Sodre Performances and Dance Company.

Tuesday, March 23rd 2010 - 22:10 UTC

Uruguay on the world’s viticulture map with its distinctive Tannat wines

The hardy Tannat grape originally from south-east France was first introduced in Uruguay by the Basque Frenchman Pascual Harriague

Argentina has its Malbec; Chile has its Carmenere and now Uruguay, not to be out-classed by its more famous wine-producing neighbours, is taking the world of viticulture by storm, with its distinctive Tannat wines.

Saturday, March 20th 2010 - 04:18 UTC

A clear majority of Uruguayans optimistic about President Mujica’s government

In spite of the positive attitude, President Mujica will have to tackle public opinion “obsession” with security issues

A clear majority of Uruguayans, 61% is optimistic about the future and believes that the government of President Jose Mujica will “be good or very good”, according to the latest Equipos Mori public opinion poll released this week.

Wednesday, March 17th 2010 - 00:43 UTC

Uruguay enjoys record crops but 2010 prospects not so clear

Corn fields benefited from abundant rainfall in summer months

Uruguay expects for this year a record export of grains and oilseeds, however prospects for the rest of the year are not too clear given abundant crops worldwide which will have an impact on prices.

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