The Argentine Foreign ministry denied on Friday it had given a two-day ultimatum to Uruguay to suspend the decision allowing the controversial Botnia/UPM pulp mill a production expansion and also demanded an immediate return to bilateral negotiations.
American rockers Aerosmith have declared themselves fans of Uruguayan leader Jose Mujica, a colourful former guerrilla known for his simple lifestyle. But the 78-year-old Mujica can't say the same of Aerosmith, admitting after meeting with band members that he hadn't heard any of their songs.
“Only God sets an ultimatum” said Uruguay’s President José Mujica in a laconic reply to Argentine Foreign Minister Hector Timerman demand (and countdown) to return to negotiations regarding the UPM pulp plant and Montevideo’s decision to allow an increase in production.
Pope Francis has wished President Cristina Fernández a “full health recovery” following the surgery she underwent on Monday at the Fundación Favaloro clinic in Buenos Aires. “I beg you to feel my presence. I guarantee my nearness and prayer,” the ex Argentine cardinal said.
French energy giant Total signed on Tuesday a deal with Uruguay’s oil company Ancap to search for oil in the northern counties of Artigas and Salto in an area of 6.200 square kilometres.
Residents from Gualeguaychú, Argentina confirmed that on Sunday they will attempt crossing an international bridge to Uruguay to protest the production expansion of the pulp mill Botnia/UPM, authorized by the government of President Jose Mujica. This despite the fact Uruguayan officials anticipated that at the most “eight or nine” Argentine officials and representatives from the protestors will be allowed to meet with their Uruguayan counterparts to discuss the situation.
The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had moderated to a more sustainable pace after a decade of strong expansion.
Brazil’s state-run oil company Petrobras approved the sale of the company's stake in two oil prospects in Uruguay's Punta del Oeste Basin to Royal Dutch Shell Plc for 17 million dollars, according to a filing late on Friday. The two prospects are identified as Blocks 3 and 4.
Uruguay’s latest soybean crop was the highest in history, 2.76 million tons with an increase in the area planted and in yields according to the latest survey from the Ministry of Agriculture and Livestock. The area dedicated to soybean climbed 20% and reached 1.049.000 hectares.
Uruguay’s consumer inflation soared 1.36% over August in September boosted by increases in energy and fuel, transport, milk and other basic items, according to the latest release from INE, the government’s data office. This means inflation in the last twelve months climbed to 9.02% from a month ago (8.86%) and 8.2% in the first nine months of 2013.