Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 17th 2025 - 07:54 UTC

Economy

  • Thursday, September 4th 2025 - 10:16 UTC

    Uruguay's inflation within target range

    The CPI shifted by -0.03% last month, the INE reported

    Uruguay's inflation, as measured by the Consumer Price Index (CPI), registered a monthly variation of -0.03% in August, the National Institute of Statistics (INE) announced on Wednesday in Montevideo.

  • Wednesday, September 3rd 2025 - 21:03 UTC

    European Commission gives nod to Mercosur FTA

    “European Union companies and the agri-food sector will benefit from lower tariffs and reduced costs,” Von der Leyen wrote

    The European Commission has validated the free trade agreement (FTA) between the European Union (EU) and the Southern Common Market (Mercosur), Uruguayan Foreign Minister Mario Lubetkin confirmed on Wednesday, calling it “excellent news” for his country.

  • Wednesday, September 3rd 2025 - 11:07 UTC

    Uruguayan exports grow 3.5% interannually

    China remained the top buyer

    A report released by the Uruguay XXI Institute this week in Montevideo showed that the South American country's exports in August 2025 totaled US$1.327 billion, a 3.5% yoy increase. Sales abroad in the first eight months of the year reached US$9 billion, a 5.4% interannual growth.

  • Tuesday, September 2nd 2025 - 10:22 UTC

    Verizon departs Uruguay, leaving 265 unemployed

    Uruguayan unions and authorities are seeking solutions for the people left without a job

    Telecommunications multinational Verizon's decision to shift its Uruguayan operations to Chile has resulted in the layoff of 265 workers hired by Alorica, a third-party provider handling customer services for the US giant from a free trade zone in Montevideo.

  • Monday, September 1st 2025 - 09:58 UTC

    Brazil’s richest earning faster

    FiscalData's findings contradicted those of the IBGE

    A study by the research group FiscalData last week found that Brazil's 0.1% richest people (about 160,000 individuals) increased their earnings fivefold faster than average Brazilians between 2017 and 2023. This group's income rose 6.9% against the 1.4% national average. Hence, they went from holding 9.1% of the country's income in 2017 to 12.5% in 2023, the survey found.

  • Saturday, August 30th 2025 - 10:16 UTC

    No more “de minimis” exemption for shipments to US

    Around 60% of imports using the exemption were from China and Hong Kong

    The US Government of President Donald Trump has eliminated the so-called “de minimis” rule, effective Friday. According to this new decision, the previous rule allowing international shipments valued under US$800 to enter the country duty-free has been revoked, and all items are now subject to taxation.

  • Friday, August 29th 2025 - 16:52 UTC

    Brazil's population reaches 213.4 million

    According to the IBGE, Brazil has 30 metropolitan regions, which are home to 103.5 million people

    Brazil's Institute of Geography and Statistics (IBGE) released a study this week showing that as of July 1, 2025, the populatiin of South America's largest country aounted to 213.4 million inhabitants, representing a 0.39% increase over the previous year.

  • Thursday, August 28th 2025 - 20:44 UTC

    Mexico redefines finished footwear imports

    “We are no longer going to bring in footwear that did not pay VAT,” Ebrard underscored

    The Mexican Government of President Claudia Sheinbaum suspended all finished footwear imports temporarily to boost the domestic industry. The measure, published in the Official Gazette on Thursday, also tackles smuggling, it was explained.

  • Wednesday, August 27th 2025 - 10:55 UTC

    Argentina: Interest rates soar in response to new BCRA rules

    “We believe that this rate hike will be temporary,” Caputo noted

    Argentina's financial system is experiencing significant tension as a new reserve requirement scheme from the Central Bank (BCRA) forces financial institutions to drastically raise interest rates on fixed-term deposits. The average rate for a 30-day fixed-term deposit has jumped to 51.3%, a substantial increase from just a few weeks prior.

  • Tuesday, August 26th 2025 - 19:46 UTC

    Brazil and Nigeria sign bilateral agreements

    Lula and Tinubu pledged to revamp trade between the two countries

    Brazilian President Luiz Inácio Lula da Silva and his Nigerian colleague Bola Tinubu signed a series of agreements earlier this week at the Planalto Palace during the African leader's state visit.