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MercoPress, en Español

Montevideo, March 31st 2026 - 12:17 UTC

Tag: Gabriel Oddone

  • Friday, March 27th 2026 - 23:04 UTC

    Uruguay raises fuel prices 7% over Middle East war and shifts to monthly price-setting

    Under the adjustment, Super 95 gasoline will rise from 76.88 to 82.27 pesos per liter, while 50S diesel will increase from 47.32 to 50.63 pesos per liter

    Uruguay's government announced on Friday a 7% fuel price increase effective April 1, as a direct consequence of rising oil prices driven by the U.S.-Israeli war against Iran and the effective closure of the Strait of Hormuz, through which approximately 20% of the world's crude oil supply transits.

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  • Thursday, March 26th 2026 - 18:37 UTC

    Uruguay: Economy Minister reveals daily U.S. pressure to break commercial ties with China

    The minister warned that if Uruguay does not comply with Washington's demands, its commercial relationship with the Trump administration “will not improve and could get worse”

    Uruguay's Economy Minister Gabriel Oddone disclosed to business leaders that the United States is exerting “unimaginable” and “unsustainable” pressure on the country to “break” its trade relationship with China, according to the weekly newspaper Búsqueda, citing several attendees at a private meeting with the Confederation of Business Chambers (CCE) held on Tuesday, March 24.

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  • Wednesday, March 25th 2026 - 19:52 UTC

    Uruguay's economy grew 1.8% in 2025, falling short of official forecasts

    Economy Minister Gabriel Oddone acknowledged last week that economic activity is running below expectations and signaled a likely downward revision of 2026 growth projections, currently set at 2.2%

    Uruguay's economy grew 1.8% in 2025, according to national accounts data published by the Central Bank of Uruguay (BCU). The result fell nearly a full percentage point below the 2.6% forecast included in the government's budget law and was also lower than the 2.5% estimated by the International Monetary Fund.

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  • Wednesday, March 18th 2026 - 11:12 UTC

    Government targets faster state processes with new economic reform package

    Oddone argued that the macroeconomic margin has already been largely exhausted and that the current bottlenecks lie in opaque price formation, slow procedures and overlapping controls

    Uruguayan President Yamandú Orsi and Economy Minister Gabriel Oddone said the government will send a competitiveness and innovation bill to Congress on May 31, focused on foreign trade, competition policy, innovation and administrative simplification. The initiative was launched alongside a call for unions, business chambers and academia to submit proposals by April 24.

  • Tuesday, December 23rd 2025 - 11:43 UTC

    Uruguay's Economy Minister worried by too much success

    Falling below the Central Bank's target can be as “undesirable” as exceeding it, Oddone explained

    Uruguay's Economy Minister Gabriel Oddone announced Monday that his country's GDP was projected to expand by 2.3% this year. While the figure is slightly lower than initial government forecasts, Oddone emphasized that it represents more than double the average growth rate seen over the past decade.

  • Tuesday, November 25th 2025 - 19:36 UTC

    Uruguay's Economy Minister hopeful about EU-Mercosur FTA deal

    Oddone also hoped peace would prevail in the conflict escalating in Venezuela

    Uruguay’s Economy Minister Gabriel Oddone said Tuesday in Madrid that he was strongly confident that the long-delayed Free Trade Agreement (FTA) between the European Union (EU) and the Southern Common Market (Mercosur) will be signed shortly. Additionally, he voiced his concerns over the escalating military tensions in the Caribbean.

  • Friday, November 7th 2025 - 10:48 UTC

    Brazil grows cheaper for Uruguayans, with price gaps of up to 394%

    Economy and Finance Minister Gabriel Oddone said the government is finalizing regulations for measures approved in June to alleviate the impact on border cities

    Brazil continues to offer a cheaper alternative for Uruguayan consumers, with goods costing between two and four times less in border cities. According to a report by the Economic Observatory of the Catholic University of Uruguay (UCU), cited by El País, prices in the Brazilian city of Quaraí are on average 74.4% lower than in neighboring Artigas, marking a widening gap compared to previous months.

  • Tuesday, October 28th 2025 - 09:16 UTC

    Uruguay welcomes outcome of Argentina's midterms

    “Argentina will not become dramatically cheaper, as we observed in 2022-2023,” Oddone celebrated

    Uruguay's Economy Minister Gabriel Oddone said on Monday that the landslide victory by Argentine President Javier Milei's La Libertad Avanza (LLA) in Sunday's midterm elections would benefit his country with a more stable neighbor, resulting in a favorable environment for the economy.

  • 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.

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