Uruguay has the highest per capita consumption of milk in Latin America averaging between 225 and 230 liters. This compares favorably with Argentina’s 220 liters, Brazil’s 110 and Chile’s 100.
Uruguay intends to develop as many wind farms as its electricity grid can support, effectively diversifying its energy supply beyond hydropower and fossil fuels. At present, the country is in the process of installing 500MW of wind power projects.
Uruguay is considered a solid candidate to obtain “investment grade” given its strong economic fundamentals and these same factors make the country’s bonds issued in indexed units, UI, an attractive investment, according to a report from the investment bank JP Morgan published in the Montevideo press.
Uruguayan president Jose Mujica called on the ruling coalition to restrain public comments on wealth distribution or re-distribution underlining that the “golden eggs’ hen” is private investment so please “don’t kill the hen”.
Uruguay’s consumer prices rose in January at the fastest pace since 2008, led by higher health, food and beverages costs, according to the latest report from the National Institute of Statistics, INE.
The European Union Trade Commissioner Karel De Gucht will travel next week to Paraguay and Uruguay to reinforce bilateral relations and to advance on the ongoing EU/Mercosur negotiations to reach an overall trade and cooperation agreement.
Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.
Uruguay will officially recognize a Palestinian sovereign state next March but will not announce position regarding borders said Foreign Affairs minister Luis Almagro addressing the Legislative standing committee.
A Spanish firm and two Argentine ones have been awarded tenders to build wind farms. Spanish Teyma and the Argentine Impsa and Fingano will invest around U$ 300 million in the project.
Uruguayan President Jose Mujica is visiting Venezuela and today held talks with President Hugo Chavez at the Miraflores presidential Palace.