Uruguay

Uruguay
Tuesday, January 14th 2014 - 00:08 UTC

Bad years and non encouraging prospects for Uruguay fisheries exports

The Uruguayan fishing fleet was docked four months while a new labor contract was worked out

Following on two years of poor performance and results, Uruguay's fishing industry is expected to face similar conditions in 2014, with ongoing labor disputes and tougher international markets particularly the European Union and Nigeria in Africa, which absorbed most of the country's hake, croaker and sea trout.

Monday, January 13th 2014 - 07:35 UTC

A frustrated Mujica calls for a readjustment of Mercosur legal framework

The Uruguayan president is hopeful he can hold a private talk on bilateral issues with his peer Cristina Fernandez

Uruguayan president José Mujica said that members of Mercosur must readjust the block's legal framework ‘to make it work’ so that differences among its partners can be resolved in an institutional framework. He insisted on a review and amendment of mechanisms with greater flexibility and more adapted to current circumstances.

Tuesday, January 7th 2014 - 06:05 UTC

For second year running Uruguay manages deflation in December, keeps inflation in one digit

 The government power company UTE helped by cutting electricity rates up to 20%

Uruguay again managed a December with deflation, (as happened exactly a year ago) with the consumer prices index down 0.72%, helping to bring 2013 inflation to 8.52%, according to the official stats office, INE. This is the sixth year in the last ten that Uruguay despite an unprecedented decade long growth-boom and abundant revenue overshoots its inflation target.

Monday, January 6th 2014 - 19:42 UTC

Uruguayan minister says trade relations with Argentina “will never be the same”

Kreimerman revealed that 32m dollars in Uruguayan exports are blocked in Argentine customs

Industry, Energy and Mining Minister, Roberto Kreimerman, said Uruguay would try to settle disputes with Argentina in order to reestablish trade relations, but he also recognized Uruguay’s relationship with Argentina 'will never be the same'. The minister revealed that 32 million dollars of Uruguayan exports are blocked at Argentine Customs.

Monday, January 6th 2014 - 06:57 UTC

Ballot test this year in Latam: Brazil, Colombia, Bolivia, Uruguay, Panama, Costa Rica and El Salvador

Dilma, Santos, Morales, running for re-election

Seven out of 19 Latin-American countries will be holding elections this year and in four of them, Brazil, Bolivia, El Salvador and Uruguay, left leaning catch-all coalitions will try to hold on to power. Likewise with two conservative governments, Colombia and Panama.

Friday, January 3rd 2014 - 18:52 UTC

Record exports in dollars for Uruguay in 2013, but prospects not so encouraging

Soybeans has become the main export item and China the leading trade partner

Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.

Friday, January 3rd 2014 - 05:36 UTC

Mujica admits relation with Argentina is “at a standstill”: all depends on Cristina

The Uruguayan president is hopeful something could happen at the coming Mercosur summit in Caracas

President José Mujica admitted that Uruguay's relationship with Argentina is “at a standstill”, and suggested that improving relations was up to counterpart Cristina Fernández and her actions, since “I'm always open to dialogue”.

Friday, December 27th 2013 - 05:32 UTC

Uruguay's new Economy minister pledges continuity of current market friendly policies

Bergara (R) surrounded by powerful friends, Mujica and Astori

Uruguay will continue to consolidate its market friendly policies, pledged incoming Economy minister Mario Bergara, 48. on taking office on Thursday surrounded by President Jose Mujica and Vice president Danilo Astori. He replaced Fernando Lorenzo who was forced to resign following a major scandal involving the failure and shut down of the country's flag air carrier Pluna.

Thursday, December 26th 2013 - 07:51 UTC

The Economist’s country of the year: Uruguay

Resilient Ireland, booming South Sudan, tumultuous Turkey: our country of the year is…Uruguay

Human life isn’t all bad, but it sometimes feels that way. Good news is no news: the headlines mostly tell of strife and bail-outs, failure and folly.

Saturday, December 21st 2013 - 21:22 UTC

Uruguay Economy minister resigns over scandal involving flag air carrier Pluna

Fernando Alonso, a brilliant minister, no doubts about his ethical integrity

Uruguay's economy minister Fernando Lorenzo resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of Pluna, the country's flag carrier, President Jose Mujica announced at a brief press conference, with no questions taken, next to Vice president Danilo Astori.

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