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MercoPress, en Español

Montevideo, March 23rd 2026 - 14:10 UTC

Economy

  • Thursday, September 11th 2025 - 09:44 UTC

    Argentina: August's inflation stands at 1.9%

    The rise in the US dollar did not have a major impact on retail prices

    Argentina's National Institute of Statistics and Censuses (Indec) released its monthly report on Wednesday, showing that inflation in August stood at 1.9%, thus extending a trend of slowing price increases.

  • Wednesday, September 10th 2025 - 10:23 UTC

    IMF supports Argentina despite electoral setback

    Argentina's economy calmed down on Tuesday after a hectic Monday following the Buenos Aires elections

    The International Monetary Fund (IMF) publicly reaffirmed on Tuesday its support for the Argentine Government's economic program despite Sunday's electoral loss in the province of Buenos Aires. This move is seen as a crucial effort to calm markets that reacted with panic to the election results.

  • Monday, September 8th 2025 - 19:15 UTC

    Argentina: Dollar jumps after Sunday's midterm elections in BA province

    According to the IDB, Argentines could be suffering from “social fatigue” given Milei's austerity measures

    The results of Sunday's midterm elections in the Argentine province of Buenos Aires pushed the US dollar above the AR$1,400 cap, given the poor performance of President Javier Milei's La Libertad Avanza (LLA) and, with it, the resurrection of Peronism-Kirchnerism. In addition, Argentine stock abroad fell sharply, coupled with a spike in the country's risk rating.

  • Monday, September 8th 2025 - 14:51 UTC

    Uruguay paid US$64 million after Luxembourg account seizure not disclosed by previous government

    The Panamanian company Larah, a former shareholder of Pluna, had demanded payment of more than US$56 million after the ICSID ruled in its favor in February 2024

    The Uruguayan state had its bank accounts in Luxembourg frozen for several months due to non-payment of an arbitration award over the closure of national airline Pluna. The situation, which affected 37 financial institutions, was uncovered by El País after accessing official documents through a freedom of information request.

  • Friday, September 5th 2025 - 10:52 UTC

    Falkland Islands launch relocation platform to attract professionals amid major investment drive

    The launch comes as the Islands pursue an ambitious development strategy

    The Falkland Islands Government (FIG) has launched ThinkFalklands.com, a new online platform designed to encourage professionals and families to relocate to the South Atlantic territory. The initiative highlights career opportunities, community life, and natural beauty while offering practical guidance on visas, jobs, and living conditions.

  • 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.