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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.