The Uruguayan government is considering reducing working time to lighten the impact of the global financial crisis, local media reported over the weekend.
Uruguay has no plans to appeal before Mercosur against Argentina’s decision to expand the list of products which no longer have access to automatic import licences which is significantly slowing bilateral trade, said Uruguay’s director of the Mercosur Economic Affairs and Integration Office, Walter Cancela.
Fernando tacked up the horses – with sheepskin saddles. So much for the tough gaucho life. The heat of the day had started to dissipate and we were heading out from El Charabon, a 2,000-acre estancia – or ranch – in the department of Rocha, southern Uruguay.
Favourable timber growing conditions, a good business climate and a stable political environment has attracted a number of European forest companies to invest in Uruguay the past few years, reports WRQ.
Uruguay’s main opposition party is closing in on the ruling coalition Broad Front according to the latest public opinion poll which means that next October there will be no clear winner of the presidential election and a run-off in November seems certain
Brazilian president Lula da Silva said that relations with neighbouring Uruguay are at “their best level ever”, following a meeting Tuesday with visiting president Tabare Vazquez.
Uruguayan president Tabaré Vázquez underlined during a political rally over the weekend the successes of his administration and said the country was better prepared to face the current global crisis.
Uruguay's trade deficit last year soared to 2.52 billion US dollars, up from 787 million US dollars in 2007, according to the latest release from the Central Bank.
Tourists arriving in Uruguay during January spent 40% more than a year ago although the number remained almost similar, 315.000, according to the latest figures released by the Ministry of Tourism.
Uruguay's exports were down 20% in February compared to a year ago, the fourth month running, evidence that the global slowdown has reached the country's foreign trade, according to Foreign Trade expert Luis Bonifacino, quoted in the Montevideo press.