Tag: Uruguay

• Wednesday, July 6th 2011 - 06:23 UTC

  Poland warns trade agreements must abide by EU sanitary and food security standards

  

  Poland which currently holds the rotating chair of the European Union presidency warned that any trade agreements with third parties must strictly abide by the EU sanitary and food security standards.

• Tuesday, July 5th 2011 - 15:44 UTC

  Uruguay and Brazil move closer to a partnership in wind power projects

  

  Uruguay’s state owned power company UTE moved closer to linking with Brazil’s Eletrobras for wind projects after its board gave the go-ahead to explore a partnership.

• Tuesday, July 5th 2011 - 05:57 UTC

  Uruguay re-opens human rights violations from the 1973/1985 military regime

  

  Uruguay’s government announced June 27 that it will reopen more than 80 human rights violations allegedly committed during the 1973-85 military dictatorship. The decision follows a long legislative battle but nevertheless remains highly controversial since the latest opinion polls indicate a majority of Uruguayans, 55%, want an end to the discussion.

• Tuesday, July 5th 2011 - 03:23 UTC

  June’s index shows result of Uruguay’s battle with inflation remains uncertain

  

  Uruguay consumer prices increased 0.35% in June, completing 8.61% in the last twelve months, which remains above the Central bank target of 4% to 6%, and the latest estimate of 7.8% presented last week by the Executive in its additional budget report to Congress.

• Tuesday, July 5th 2011 - 00:20 UTC

  Paraguay and Uruguay claim Argentina is obstructing regional power agreement

  

  Argentina is delaying the sale of Paraguayan power to the Uruguayan market (which must cross Argentine territory) for reasons ‘as least publicly’ unknown for both sides interested in the deal, according to the Uruguayan and Paraguayan press.

• Monday, July 4th 2011 - 05:28 UTC

  Uruguay confirms second round of offshore oil exploration for next September

  

  Uruguay confirmed a second round of offshore lease bidding for hydrocarbons exploration next September. The country’s state run oil refining company ANCAP plans to offer 15 areas with sizes ranging from 2,300 sq km to 12,000 sq km, said sources from the Ministry of Industry, Energy and Mining.

• Monday, July 4th 2011 - 05:20 UTC

  Canadian bank concludes purchase of Uruguay’s fourth largest private bank

  

  Canada’s Scotiabank announced it has closed the transaction to purchase Nuevo Banco Comercial S.A. (NBC), Uruguay's fourth largest private bank in terms of loans and deposits. The acquisition was announced on December 6, 2010. Terms of the agreement were not disclosed.

• Saturday, July 2nd 2011 - 05:59 UTC

  Uruguay raises 2011 growth forecast to 6% and inflation to 7.8%

  

  Uruguay has raised its 2011 economic growth forecast to 6% and its inflation to 7.8%, according to a government document published on Friday. The previous estimate was 4.5% and full year inflation of 6%.

• Friday, July 1st 2011 - 06:39 UTC

  Philip Morris launches legal action against Australia; similar to Uruguayan case

  

  Tobacco giant Philip Morris International launched legal action this week against the Australian government over the country's plans to strip company logos from cigarette packages and replace them with grisly images of cancerous mouths, sickly children and bulging, blinded eyes.

• Thursday, June 30th 2011 - 17:42 UTC

  Colombian group takes over Uruguay main supermarkets chain, Disco and Devoto

  

  France’s Casino Guichard-Perrachon Colombian retailing branch, Exito announced the signing of a share purchase agreement for the acquisition of Casino' majority stakes in Uruguay’s main supermarket chain Disco and Devoto in an operation involving 746 million US dollars.