Uruguay

Uruguay
Thursday, March 6th 2014 - 21:45 UTC

Foreign Office minister Swire will visit Uruguay on Wednesday 12 March

The minister will be meeting with acting president, vice-president Danilo Astori. President Mujica will be in Chile

Hugo Swire MP, FCO Minister for Latin America, will be visiting Uruguay on Wednesday 12 March where he is scheduled to hold several political and trade meetings. The minister will be returning from Santiago de Chile where he will attend the inauguration ceremony of Chilean president Michelle Bachelet.

Thursday, March 6th 2014 - 05:53 UTC

February confirmed that inflation remains Uruguay's main challenge

Exceptional wet weather caused fresh food prices to soar

Inflation in Uruguay during February reached 1.66% which is equivalent to 9.82% in the last twelve months, the third highest in South America behind Venezuela and Argentina.

Thursday, March 6th 2014 - 05:44 UTC

Malvinas opportunities and links for Uruguay, but mostly unknown to current generations

Uruguayan businessman Samuel Lafone helped introduce cattle to the Falklands

Lawmaker Jaime Trobo came out strongly is support of close links between the Falkland Islands and Uruguay in a column which he published in Mercopress underlining the ”interesting lesson of discovering a reality mostly unknown for Uruguayans despite the (Islands) geographic, cultural and historic proximity to Uruguay”.

Saturday, March 1st 2014 - 05:12 UTC

Uruguay approves IMF test, but inflation and the neighbors could bring surprises

IMF Deputy managing director Naoyuki Shinohara visited Montevideo

The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

Saturday, March 1st 2014 - 02:29 UTC

Core-hole confirms conventional oil reservoir potential in north Uruguay

Petrel Energy Managing Director, David Casey said the exceptional permeability measurements have been surprising

Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

Friday, February 28th 2014 - 05:09 UTC

Minister announces Maduro will inform Unasur on the Venezuela situation

Minister Jaua met with President Mujica (L) and thanked him for his efforts and knowledge of the Venezuelan people

Foreign minister Elías Jaua said that Caracas will not accept international mediation in the current situation faced by Venezuela but nevertheless thanked Uruguay's president Jose Mujica for his efforts and knowledge about what's going on in his country.

Friday, February 21st 2014 - 08:05 UTC

Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge

Minister Bergara is on a bandwagon tour of US to attract investments to Uruguay

Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.

Friday, February 21st 2014 - 00:16 UTC

Uruguayans want closer links and trade with the Falklands/Malvinas shows survey

 The poll showed Uruguay supports Argentina's sovereignty claims but rejects the ban on Falklands' vessels operating from Montevideo

A majority of Uruguayans, 55%, believe their country must support Argentina's sovereignty claims over the Falklands/Malvinas Islands but an overwhelming 80% also want closer trade links with the Islands and reject the ban on Falklands flagged vessels to operate from Montevideo or other Uruguayan ports. In both cases neutral opinions range 11% and 12%.

Thursday, February 20th 2014 - 10:27 UTC

Scolari wants to banish the ghosts of the 1950 when Brazil was beaten by Uruguay

Ghiggia the Uruguayan striker that with his goal silenced 200.000 Brazilian fans ready to celebrate.

Coach Luis Filipe Scolari says he wants Brazil to banish the ghosts of 1950, when his country last hosted the World Cup and lost the final in a defeat against neighboring Uruguay that has haunted them ever since.

Wednesday, February 19th 2014 - 22:38 UTC

Mercosur to meet 7 March to finalize the proposal to be presented to EU

Barbosa said that Argentina's participation in the preparations is 'evolving positively'

In early March Mercosur will have readied its proposal to liberate trade to be presented to the European Union, the basis for a wide-ranging cooperation and trade agreement between the two blocks, announced Rubens Barbosa, head of the Trade Council from the Sao Paulo State Industries Federation, FIESP.

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