Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.
Singapore based Olam International's wholly-owned subsidiary New Zealand Farming Systems Uruguay will be investing 80 million dollars to establish a new dairy processing facility in Uruguay.
US district judge Thomas Griesa has said he would wait for a decision on a pending appeal before ordering Citigroup to comply with a subpoena served by holdout investors seeking details of any threats from Argentina to process payments the court had blocked.
With less than fifty days to national elections when Uruguayans will vote for president and a new parliament (26 October), public opinion polls indicate that the ruling coalition until a few months ago the undisputed winner, faces a runoff and whoever wins will have to rule with a divided legislative.
Uruguay officially inaugurated on Monday a second pulp mill, Montes del Plata, on the River Plate, belonging to Chile's Arauco and Swedish-Finnish Stora Enso, which is considered the largest single investment in the country and will have an annual production of 1.3 million tons.
Belize says it will support Uruguay for the position of secretary general of the Organization of American States (OAS) and downplayed any suggestion that its non-support for the Guatemalan candidate was linked to the ongoing territorial dispute between the two countries.
Uruguay's main opposition candidate for October's contested presidential election was the victim of a Watergate break-in crime at the offices of the agency which is running his surprisingly successful campaign.
A former chairman of Argentina's central bank board, Aldo Pignanelli considered neighboring Uruguay could be a “trustworthy” option for Argentina to issue sovereign bonds and pay creditors. Uruguay has an outstanding international reputations regarding abiding by contracts and ensuring legal security, added the Argentine banker.
US ambassador in Montevideo, Julissa Reynoso said that Washington does not impose a date for the transfer and arrival of the Guantanamo prison detainees to be accepted by Uruguay, but admitted that the ideal would be for this to happen before the end of President Jose Mujica's mandate next March first.
Spain's flag carrier Iberia made its return to Uruguay on Monday after being out of the South American country's market for 18 months, marking the resumption of a route that will offer up to 2,300 seats to travelers on a weekly basis. Iberia, a unit of IAG, will be providing service on the Madrid-Montevideo and Montevideo-Madrid route with four weekly flights.