Uruguay

• Monday, June 17th 2013 - 16:07 UTC

  Paraguay president-elect will not be attending Mercosur summit in Montevideo

  

  Paraguay president-elect Horacio Cartes ratified he will not be attending the coming Mercosur summit scheduled to take place July 12 in Montevideo, confirmed one of his foreign policy advisors since the Paraguayan position remains that “Venezuela is not a full member of Mercosur because the Paraguayan congress by overwhelming majority rejected such option in August 2012”.

• Saturday, June 15th 2013 - 02:33 UTC

  Uruguay’s economy expands 3.7% in the first quarter compared to a year ago

  

  Uruguay’s economy expanded 1.2% in the first quarter of the year compared to the last quarter of 2012, which had a poor performance of 0.1%, according to the latest release from the Central Bank. Likewise in the first quarter the economy increased 3.7% over the same period a year ago.

• Friday, June 14th 2013 - 02:03 UTC

  Chinese jiggers’ seamen landed in Montevideo died of lack of proper food and tropical parasitosis

  

  The most probable death cause of the Chinese crewmembers from two jiggers in quarantine outside the port of Montevideo was lack of sufficient nutrient and balanced food plus tropical parasitosis, according to the primary forensic reports from Uruguayan health authorities.

• Thursday, June 13th 2013 - 21:56 UTC

  Mercosur July 12 summit in Montevideo will confirm return of suspended Paraguay

  

  The next Mercosur summit scheduled for the end of June in Montevideo has been delayed until 12 July, announced Uruguayan Foreign minister Luis Almagro. The new date was agreed by Argentina, Brazil, Uruguay and Venezuela earlier this week.

• Wednesday, June 12th 2013 - 07:34 UTC

  Uruguay central bank “less confident” in ability to bring down inflation to target

  

  Uruguay’s changes in the monetary policy regime as announced last week are unlikely to address the country’s inflation problems points out Capital Economics in its latest report emphasizing that a tighter economy policy and reduction of wage indexation remain the main challenges to keep within the 5% target.

• Monday, June 10th 2013 - 14:08 UTC

  Brazil JBS becomes largest chicken producer; purchases main tannery in Uruguay

  

  Brazil’s JBS SA, the world’s largest beef producer, agreed to buy assets from Marfrig Alimentos SA in Brazil and Uruguay, which will make it the world’s largest chicken producer. JBS will take on 5.85 billion Reais (2.74bn dollars) in debt for the Seara poultry and pork unit in Brazil and the Zenda tannery unit in Uruguay, the Sao Paulo-based company said in a regulatory filing today.

• Friday, June 7th 2013 - 05:40 UTC

  Uruguay tightens terms for the inflow of short-term capital inflows

  

  Uruguay announced on Thursday new measures to discourage short term speculative capital inflows that have appreciated the Peso, eroded the country’s international competitiveness, made imports cheaper than domestic production and threaten an already stubborn inflation.

• Wednesday, June 5th 2013 - 19:21 UTC

  Uruguay former president calls on Latam to advance in agreements with the US

  

  “The time for rhetoric exercises has run out”, said Uruguayan former president Tabare Vazquez during a presentation before the Latin American Studies Association, LASA, in Washington where he emphasized the need for Latinamerican countries to advance in agreements with the United States.

• Wednesday, June 5th 2013 - 17:49 UTC

  Uruguay ‘can’t ignore (Mercosur) reality’ and is applying for full Pacific Alliance membership

  

  Vice-president and acting president Danilo Astori strongly defended the Uruguayan government’s intention of joining the Pacific Alliance, next to Chile, Colombia, Peru and Mexico, claiming that Mercosur has fallen into a state of ‘inactivity’ but also rejected point blank statements from Brazilian diplomacy contrary to such a move.

• Wednesday, June 5th 2013 - 12:19 UTC

  Two Chinese jiggers quarantined 12 kilometres off Montevideo following mysterious deaths

  

  Two Chinese jiggers are in quarantine 12 kilometres off the port of Montevideo following the death of two crew members and the hospitalization of another two in separate incidents.