Tuesday, August 4th 2015 - 10:04 UTC

BP halts exploration activities off Uruguay and targets lower-risk projects

BP confirmed its exit from Uruguay, three years after it won rights to explore an area of almost 26,000 sq km in waters ranging from 50 to 2,000 meters deep.

British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritises lower-risk projects at a time of low international prices, an official at Uruguay's state-owned oil company Ancap said on Monday.

Wednesday, July 29th 2015 - 07:10 UTC

Uruguay announces controversial massive infrastructure investment program

President Vazquez and his cabinet during the announcement of the infrastructure investment plan for the next four years

Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.

Monday, July 27th 2015 - 06:58 UTC

Uruguay's meat exports in almost seven months close to the billion dollars

Beef exports were equivalent to 816 million dollars and 213.189 tons, while main markets: EU, Nafta (US, Canada and Mexico), China and Israel.

Uruguay exports of meats reached 978 million dollars between January and 18 July of which 83% beef; 5,5% offal; 3% ovine; other industrialized meats 2.7% and 1.5% horse, according to the latest release from the country's Meats institute economics office, Inac.

Thursday, July 23rd 2015 - 07:24 UTC

Over half of Argentina households belong to the middle class; only second to Uruguay

According to the PEW study, Argentina tops ranking of middle class growth, 17.5% and is among the three leading 'middle classs' countries

Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.

Friday, July 17th 2015 - 07:44 UTC

The man who silenced Maracana in 1950 passes away with full honors

Ghiggia at the time was 22 and admits on scoring the second decisive goal (2 -1) he didn't realize until much later what a monumental feat had been achieved.

“Only three people silenced Maracana: the Pope, Frank Sinatra and me”. The comment belongs to Alcides Ghiggia, Uruguay's last member and striker of the team that beat Brazil in the World Football Cup final of 1950 and thus winning the Jules Rimet Cup. It would be Uruguay's second world cup: the first in 1930 when it beat Argentina.

Friday, July 17th 2015 - 07:14 UTC

Uruguay after a Mercosur 'action plan' to eliminate all inter-trade restrictions

“Our maximum aspiration is for the summit to agree on making Mercosur more transparent, on admitting our shortcomings”, said the Uruguayan official

Uruguay is attending the Mercosur summit in Brazil hoping the group implements deep changes, particularly referred to the free circulation of goods, services and production factors, and considers a six month period should be sufficient trial for the changes to become effective.

Friday, July 10th 2015 - 07:08 UTC

China becomes main importer of Uruguayan and Argentine frozen beef

Data revealed that China’s consumption of frozen Argentine beef has boomed in recent months, with the Asian giant receiving 35.2% of total exports.

China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.

Monday, July 6th 2015 - 08:49 UTC

Uruguay looking to increase trade and investments with India

President Tabare Vazquez is planning to visit India next year. Despite potential trade between Uruguay and India is minimal

Uruguay's president Tabare Vazquez is planning to visit India next year, while foreign minister Rodolfo Nin Novoa is scheduled to attend the India-Latin-American conference next October. The move is seen as an effort by Uruguay to increase its trade opportunities and access new markets, given the current difficulties to forge an agreement with the European Union.

Monday, July 6th 2015 - 00:22 UTC

Ex-Anglo abattoir complex in Fray Bentos joins Unesco's World Heritage List

Liebig Extract of Meat Co. exported meat extract and corned-beef to Europe from 1865 and the Anglo Meat Packing Plant frozen meat from 1924.

UNESCO's World Heritage Committee approved the inscription of four cultural sites on the World Heritage List: Fray Bentos Cultural-Industrial Landscape in Uruguay; Japan’s Meiji Industrial Revolution: Iron and Steel, Shipbuilding and Coal Mining in Japan, Ephesus in Turkey and Aqueduct of Padre Tembleque Hydraulic System in Mexico. The Committee also approved the extension of Spain’s Routes of Santiago de Compostela with the addition of the “Camino Francés and Routes of Northern Spain”.

Saturday, July 4th 2015 - 06:32 UTC

Uruguay experienced poor 2014/15 cruise season; costs in the region limited vessel calls

 The number of cruise calls in the 2014/15 season was down 27.4% this season and visitor landings, 18.9% pointed out minister Liliam Kechichian

The 2014/15 cruise season was not encouraging for Uruguay which reported a drop in the number of vessels calling; passenger landings and money spent by the industry and visitors, according to the official assessment of the season presented by Tourism ministry officials and other government offices involved in the different operations.


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