Uruguay
UruguayForeign Office minister Swire will visit Uruguay on Wednesday 12 March
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.
February confirmed that inflation remains Uruguay's main challenge
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.
Malvinas opportunities and links for Uruguay, but mostly unknown to current generations
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”.
Uruguay approves IMF test, but inflation and the neighbors could bring surprises
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.
Core-hole confirms conventional oil reservoir potential in north Uruguay
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.
Minister announces Maduro will inform Unasur on the Venezuela situation
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.
Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge
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.
Uruguayans want closer links and trade with the Falklands/Malvinas shows survey
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%.
Scolari wants to banish the ghosts of the 1950 when Brazil was beaten by Uruguay
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.
Mercosur to meet 7 March to finalize the proposal to be presented to EU
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.
