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MercoPress, en Español

Montevideo, October 19th 2025 - 03:11 UTC

Tag: Gabriel Oddone

  • Tuesday, September 16th 2025 - 10:50 UTC

    Uruguay: Economy grows 2.1% in 2Q of 2025

    Oddone stressed that the government's expectations for the next five years were “feasible”

    Uruguay's economy grew by 2.1% in the second quarter of 2025 compared to the same period in 2024, according to a report released on Monday by the Central Bank (BCU), which also noted a 0.4% growth from the previous quarter.

  • Wednesday, September 3rd 2025 - 11:00 UTC

    Uruguay: PepsiCo opens new storage plant in Colonia complex

    “This venture is everything that is right in terms of investment for Uruguay,” Oddone said

    Uruguayan President Yamandú Orsi participated on Tuesday in the inauguration of a new PepsiCo beverage concentrate storage plant in the Colonia free-trade zone after an investment of over US$100 million. The facility, which has been in continuous operation since 1993, will supply 24 markets in Latin America and other regions.

  • Tuesday, August 19th 2025 - 11:18 UTC

    Uruguay announces economic measures to boost growth

    Uruguay will focus on small and medium-sized enterprises, Oddone explained

    Uruguay's Ministry of Economy and Finance (MEF) has announced a new set of measures to “prioritize” and “streamline” investment to boost growth by making things easier for both national and foreign investors. “There is a political idea of what we want to do,” Minister Gabriel Oddone explained.

  • Friday, August 1st 2025 - 10:47 UTC

    US tariffs: Argentina and Uruguay charged only 10%

    The new scenario could bring on some opportunities for Uruguay, Oddone noted

    As the new tariffs scheme established by US President Donald Trump became effective Friday, Uruguay and Argentina were among the least affected countries, with surcharges of only 10%, a steep difference from Canada's 35% or Brazil's 50% and a default 15% surcharge unless otherwise specified.

  • Friday, June 27th 2025 - 08:40 UTC

    Uruguay issues Swiss franc bonds for the first time

    This placement “reflects the confidence of investors in the institutional soundness of the country,” Oddone argued

    Uruguay issued sovereign bonds in Swiss francs for the first time Thursday, totaling 320 million (about US$400 million) to help finance a US$6 billion fiscal deficit in 2025. The bonds, with five- and ten-year terms, carry an average annual interest rate of 1.33%. Economy Minister Gabriel Oddone highlighted the favorable interest rates and noted that Uruguay was the only Latin American country currently issuing bonds in this currency, tapping into a market of high-quality investors.

  • Tuesday, July 30th 2013 - 03:07 UTC

    Uruguay needs ‘a dollar at 25 Pesos’ if it wants to remain competitive warn economists

    Bilateral real exchange rate with the US is at its lowest since 2013, which means we are expensive in dollars in the whole region, said Oddone

    Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.

  • Thursday, November 11th 2010 - 00:16 UTC

    Brazilian “competitive devaluation” risk for Uruguay’s exports

    Economist Gabriel Oddone: Brazil’s prices among the most expensive but “non sustainable”

    A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.