Economy

Monday, May 5th 2014 - 07:04 UTC
Uruguay displaces Argentina as the main supplier of milk to Brazil

Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. “Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner”, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.
Monday, May 5th 2014 - 06:42 UTC
Foreign tourists in Britain expected to spend 46 billion dollars by 2017

Spending by foreign tourists in Britain is set to rise 34% to over 27 billion pounds (46 billion dollars) a year by 2017, according to research published on Friday, boosting the country's retail and leisure industries.
Monday, May 5th 2014 - 06:24 UTC
“Least difficult phase of economic growth is now over”, IMF top official tells Latam

IMF Director for the Western Hemisphere Department Alejandro Werner has once again called on Latin America to embark upon economic reforms, claiming that the “least difficult” phase of economic growth is now over.
Saturday, May 3rd 2014 - 06:18 UTC
Uruguay interested in joining negotiations to liberalize trade in services

Uruguay has expressed an interest in actively participating in negotiations to liberalize trade in services in the framework of TISA, Trade in Services Agreement which recently held its seventh round of talks in Geneva.
Saturday, May 3rd 2014 - 06:06 UTC
Construction in Argentina down 6% in March; industry demands price stability

Argentina's National Statistics Bureau, Indec revealed that construction activity fell 6% in March compared with the same period in 2013. The Argentine government, as has happened with the poverty figures, at first was reluctant to release the index, but finally delivered the latest data.
Saturday, May 3rd 2014 - 05:43 UTC
Pope says Vatican finances must be transparent and aimed at helping the needy

Vatican administrators need a “change of mentality” and must ensure that the Holy See's finances are efficient, transparent and primarily aimed at helping the most needy, Pope Francis said on Friday.
Saturday, May 3rd 2014 - 05:39 UTC
Spain's economy shows timid performance but unemployment remains at 26%

Spain's economy expanded by 0.4% in the first quarter of the year topping the previous quarter's growth rate by two-tenths of a point, the National Statistics Institute, INE, confirmed. However unemployment remains at a record 25.93%.
Friday, May 2nd 2014 - 10:00 UTC
Uruguay confirmed a third pulp mill with construction beginning in 2017

Uruguay has confirmed a third pulp mill to be built to the north east of the country in Cerro Largo, while the second one, Montes del Plata on the River Plate and recently finished is to be formally inaugurated sometime between May 15 and 25, although production will be delayed for a few months since the second wharf is unfinished and the effluents plant non commissioned.
Friday, May 2nd 2014 - 09:54 UTC
Uruguay approves import of US fresh and frozen poultry

Uruguay has granted final approval for importing US fresh and frozen poultry and poultry products, including US fresh chicken, the USDA has announced.
Friday, May 2nd 2014 - 09:27 UTC
Uruguay's budget fiscal deficit climbs in March to its highest since October 2003

Uruguay's fiscal deficit climbed to 3.2% of GDP during March, the highest since October 2003, --equivalent to 1.69 billion dollars--, but Economy minister Mario Bergara said that there is no risk for “the sustainability of public accounts or sustainability of current macroeconomic policies”.