Tag: Uruguay

Wednesday, May 30th 2012 - 05:01 UTC
Brazilian petrochemical expands to Uruguay and buys local plant

Brazilian petrochemical conglomerate Ultrapar Paticipacoes SA announced it had purchased Uruguay’s American Chemical for 79 million dollars. Ultrapar is also linked to businesses in fuels and liquids storage, according to a Brazilian securities filing on Monday.
Monday, May 28th 2012 - 23:12 UTC
Mercosur raises maximum allowed tariff, 35% on 100 imported goods, says Brazil

Brazil raised to the maximum the common external tariff, AEC, that Mercosur charges on imported goods from out of the zone. The decree was published in Monday’s edition of the Official Gazette and includes a hundred goods.
Tuesday, May 22nd 2012 - 18:29 UTC
Royal Navy says HMS Talent reports are “mere media speculations”

Royal Navy Commander Mark Southorn said on Tuesday that news informing of the sending of the HMS Talent nuke submarine to the Falkland Islands are “mere media speculations”.
Monday, May 21st 2012 - 03:34 UTC
Investors will opt for Uruguay and its legal system, says Spanish ambassador

The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.
Monday, May 21st 2012 - 01:25 UTC
Bargains forecasts in Uruguay as Argentine investors withdraw funds following new bank rules

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.
Friday, May 18th 2012 - 03:07 UTC
Growing doubts about Uruguay’s goal of 1.2GW wind power by 2015

Uruguay’s ambition to have 1.2GW of wind power in operation by 2015 may have to be delayed for several years because logistical problems and tightening returns could make some projects unfeasible.
Thursday, May 17th 2012 - 21:19 UTC
Tax-info-exchange accord could see middle-class Argentines abandon Uruguayan banks

The recent tax-info exchange agreement reached between Argentina and Uruguay will make many investors in the Uruguayan financial system take their deposits back to “safes” or “mattresses” in Argentina, warned several economists during a conference on the Argentine economy prospects and its influence on neighbouring Uruguay.
Thursday, May 17th 2012 - 10:41 UTC
“Highly positive” cruise 2011/12 season for Uruguay with 213 vessel calls

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.
Thursday, May 17th 2012 - 10:25 UTC
Uruguay prepares for a serious power shortage because of lack of rainfall

Uruguay’s state-owned power company UTE, is spending over seven million dollars per day to contain the deficit originated in poor rainfall that threatens production from the country’s four main hydroelectric generating plants.
Wednesday, May 16th 2012 - 06:13 UTC
Serious Uruguay/Argentina clash over the long delayed dredging of a River Plate canal

Uruguay called on Argentina to begin the price bidding process for the delayed dredging of a River Plate canal and revealed it was already monitoring the Uruguayan side of a joint commission responsible for deciding on the final contract and which has come under suspicion of corruption.