
An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release.

High prices was the main disapproval from cruise passengers visiting Uruguay this last summer 2011/12 despite the fact the number of calls was up 31% and expenditure 57% according to the final balance of the cruise season elaborated by the Ministry of Tourism.

By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.

As “highly positive” was described the 2011/12 cruise season by Uruguay’s Deputy Tourism minister Lilian Kechichian during the ceremony in the port of Montevideo to receive the last vessel of the season.

Uruguay will attend the SeaTrade fair in Miami, the greatest event of the cruise industry scheduled for next March 12/15 at the Miami Convention Centre.

Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.

The number of tourists arriving in Uruguay this summer season has erupted into an open controversy between the government and tourism operators who question the official stats release of the first fifteen days of January.

The leading residential seaside resort in Uruguay which has made the reviews of some of the most significant world magazines because of its village spirit, excellent beaches and easy going environment but also with some of the best restaurants and art galleries in the country is threatened by speculators.

Three cruise vessels with over 5.000 passengers spent Christmas at Uruguay’s international seaside resort Punta del Este on the Atlantic, according to the local port authority, Carlos Ferreira.

Argentina will not take back the millions of Pesos that thousands of tourists spend in neighbouring Uruguay during the summer season. That was the reply to a request from Uruguay’s largest bank branch in the City of Buenos Aires, according to banking sources in Montevideo.