Uruguay lost an estimated 450 million US dollars as a direct consequence of the several months long drought, according to acting Agriculture minister Andres Berterreche. The primary figure revealed during a meeting with business leaders on Thursday represents the equivalent of 1.5% of Uruguay’s GDP
Uruguayan president Tabare Vazquez together with several ministers and a delegation of 70 businessmen left Friday for an official state visit to China. The party arrives Saturday in Beijing but the official program begins Monday when President Vazquez will be received by this Chinese counterpart Hu Jintao.
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.