Uruguay
UruguayFitch creates an Argentine/Uruguay domestic credit rating branch: FIX-SCR
Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.
Inflation and competitiveness, Uruguay's main challenges for next year and a slower growing economy
Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on “Prospects for 2014 and economic challenges for the next government”.
Uruguay after another soy-crop record since area planted increased 100.000 hectares
Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.
Uruguay fishing industry in deep trouble: high costs, poor catches, labor conflicts
High costs, poor catches and labor conflicts are threatening the competitiveness of Uruguay's fishing sector which has seen exports drop considerably plus fears of a possible closure of Nigeria which in the last 18 months has become the main market.
Uruguay admits regional conditions are influencing the number of arrived tourists
Uruguay estimates that the number of arriving tourists to the country by the end of the year will reach 2.830.000, which is 40.000 less than in 2012, but still encouraging given the regional conditions, according to Tourism minister Liliam Kechichian.
Mujica questions Argentine trade policies towards Mercosur that “take us back to the sixties”
Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.
Strong drop in Uruguay fisheries exports in 2012; Nigeria becomes main market
Uruguay fisheries exports last year totaled 79.768 tons valued at 189 million dollars which is a considerable drop from 2011 with 102.500 tons and 236 million dollars. White croaker and hake were the main export items and Nigeria displaced the European Union as the main market.
Brazilian leading daily calls for a review of Mercosur, which 'is not working'
Brazil's influential daily O'Globo called for a drastic change in the country's approach to trade policy arguing that “without a review, Mercosur does not work” and reveals that the latest signals from Argentina are that it is reluctant to reach a free trade and cooperation agreement in the framework of Mercosur with the European Union.
Uruguay hosts conference on strategies and response to cruise ship accidents
Uruguay hosted last week a conference and workshop on “tools and strategies to strengthen the response to cruise ship accidents”. David Jardine-Smith, from the International Maritime Rescue Federation, and Roly McKie, HM Coastguard Staff Officer, Search and Rescue Operations, were the facilitators of the event.
Uruguay to benefit from agreement reached by Iran with world powers
The agreement reached by the world powers with Iran regarding its nuclear plans could have a positive impact for Uruguay, (and the region) since the regime of Teheran has been for years a strong client of Uruguayan rice and other products.
