Tuesday, August 31st 2010 - 03:12 UTC

Uruguayan soaring real estate values closely linked to depreciation of US dollar

”There does not seem to be significant signals of misalignment in the selling value of houses and flats”.<br />

Fears that Uruguay could be heading for a “real estate bubble” since prices in US dollars have increased more than 70% in the last five years, seem to have been neutralized by historic data and the strong appreciation of the Uruguayan currency.

Monday, August 30th 2010 - 07:18 UTC

China essential for Uruguay’s “international development”

Vice-President Danilo Astori talked about business and investments opportunities

Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.

Monday, August 30th 2010 - 06:36 UTC

Timerman expected in Montevideo to coordinate monitoring of River Uruguay

A post car of the bridge and the UPM/Botnia plant from the Argentine coast

Argentine Foreign Affairs Minister Héctor Timerman will meet Monday in Montevideo with his Uruguayan counterpart, Luis Almagro, to advance with the implementation of the scientific committee that will monitor the UPM (ex Botnia) pulp mill and the River Uruguay.

Saturday, August 28th 2010 - 07:10 UTC

Former Uruguayan Defence minister honoured by US Centre for Defence Studies

Jose Bayardi to receive the same Perry Award as former Colombian president Alvaro Uribe

The United States Centre for Hemispheric Defence Studies (CHDS) has selected U.S. Army Gen. John Galvin and former Uruguayan Defence Minister Dr. José Bayardi in the individual category and the Mexican Centre for Superior Naval Studies (CESNAV) in the institutional category for the 2010 William J. Perry Award for Excellence in Security and Defence Education.

Saturday, August 28th 2010 - 06:55 UTC

EuroFruit congress to be held in Uruguay next December

Uruguay is an important exporter of quality oranges, tangerines and mandarins

Uruguay’s renowned sea resort Punta del Este will be hosting next December the 2010 Eurofruit Congress Southern Hemisphere. This is the first time the annual conference and exhibition event for the region’s fresh produce industry comes to Uruguay.

Friday, August 27th 2010 - 08:28 UTC

Timerman flies to Montevideo and will announce scientists for joint-river monitoring

Foreign Affairs minister Timerman and Uruguayan counterpart Luis Almagro

Argentine Foreign Affairs Minister Héctor Timerman informed via Twitter that he will fly to Montevideo next Monday to meet his Uruguayan counterpart, Luis Almagro in the framework of the recent agreement regarding the dispute over the UPM/Botnia pulp-mill.

Thursday, August 26th 2010 - 03:10 UTC

Uruguay has a million hectares of planted forests, according to FAO survey

Some forest “islands” are used as shelter for cattle and sheep

Uruguay has 1.7 million hectares of forests of which almost a million hectares have been planted to feed the growing pulp industry while the rest are so called native forests, according to primary data from an inventory compiled by the Ministry of Agriculture with support from United Nations.

Thursday, August 26th 2010 - 00:51 UTC

Uruguay committed to Mercosur, but also to greater world diversification

 Bergara announced the establishment of a clearing house for domestic debt and banking reform based on the Chilean model

While Uruguay supports the regional trade group Mercosur, “we are also trying to diversify the economy more to other parts of the world” said central bank president Mario Bergara during his recent visit to meet investors in New York.

Wednesday, August 25th 2010 - 04:15 UTC

US Secretary of State praises Uruguay on Independence Day

Hillary Clinton underlined US and Uruguay’s commitment to democratic ideals

“Happy Independence Day, Uruguay”, said US Secretary of State Hillary Clinton in her August 25th message adding that “the US joins in celebrating your many accomplishments this past year, and in honouring your leadership in our region and across the world”.

Tuesday, August 24th 2010 - 05:27 UTC

Uruguay confident in recovering investment grade “within one or two years”

Central Bank president Mario Bergara in New York

Uruguay whose credit rating was cut to junk in 2002, expects to return to investment grade within two years, central bank President Mario Bergara said. “We are confident that in one or two years we will have investment grade again,” Bergara said at an investors’ conference in New York Monday.


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