Economy

• Saturday, June 4th 2022 - 08:12 UTC

  Uruguay's inflation above target but exports hit new records

  

  Year-on-year inflation in Uruguay in the month of May of 2022 has been reported to still be nearly 35% above the target range set by the government of President Luis Lacalle Pou, while exports amounted to US$ 1.5 billion, which set a record high.

• Wednesday, June 1st 2022 - 10:55 UTC

  New increase in price of fuel announced in Uruguay

  

  The Uruguayan Government of President Luis Lacalle Pou finally announced an increase in the price of fuel at pumps, with which 'Super' gasoline will have risen 15% and 50S diesel 30% so far in 2022. The new increase in the price of fuels will come into effect June 1.

• Wednesday, June 1st 2022 - 09:30 UTC

  Russia supports expanding BRICS, but demands consensus on access conditions

  

  Russia supports the proposal to increase membership of BRICS, the organization of the leading developing economies, but before moving in that direction there is a need to establish a consensus on access criteria.

• Tuesday, May 31st 2022 - 10:52 UTC

  Elimination of a “Brazil cost” item represents a further 1,5 percentage point reduction in tariffs

  

  The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.

• Tuesday, May 31st 2022 - 10:00 UTC

  Brazilian rice exports booming; challenge for all three Mercosur partners

  

  Brazilian rice exports (husk base) totaled 451.3 thousand tones during the first quarter, more than double the same period in 2021 when 207.7 thousand tons were shipped, reports the Brazilian Rice Industry Association (Abiarroz).

• Monday, May 30th 2022 - 09:09 UTC

  Uruguayan pumps ask gov't not to rise price of fuel until next month

  

  Gasoline retailers in Uruguay have asked the Government of President Luis Lacalle Pou to put on hold “for a few more days” the increase in the price of fuel reportedly to be announced shortly.

• Saturday, May 28th 2022 - 10:15 UTC

  FTA with China would not make Uruguay dependent, Lacalle tells BBC

  

  Uruguayan President Luis Lacalle Pou said in an interview with the BBC that in case or reaching a Free Trade Agreement with China, it would not generate dependence, because in his country politics and economics were separate issues.

• Saturday, May 28th 2022 - 10:10 UTC

  Falklands' Government publishes Budget for 2022/23: “stability and continuity”

  

  Stability and continuity are at the heart of the Falkland Islands Government Budget for 2022/23. The Budget recognizes these two themes are essential in the time of continued uncertainty stemming from the global COVID-19 pandemic and the work on global recovery.

• Saturday, May 28th 2022 - 10:05 UTC

  Buddies getting together not a Summit, LatAm leaders agree

  

  Bolivian President Luis Arce Catacora said Friday in Havana that buddies getting together was hardly a Summit, in reference to the US Government's decision not to invite Venezuela, Nicaragua, and Cuba to the regional gathering of heads of state next month in Los Angeles.

• Friday, May 27th 2022 - 09:04 UTC

  Biden negotiating Argentina's presence at Summit of the Americas

  

  US President Joseph Biden's envoy Christopher Dodd arrived in Buenos Aires to talk Alberto Fernández into attending next month's Summit of the Americas in Los Angeles, a gathering many leaders intend to boycott following the host's decision not to invite the non-democratically ruled Nicaragua, Cuba, and Venezuela.