Tag: Uruguay

• Monday, April 4th 2011 - 07:08 UTC

  Source rock and possible shale oil discovered in the centre of Uruguay

  

  Uruguay state-run oil and gas company ANCAP announced the discovery of source rock which might contain underground shale oil or natural gas deposits.

• Friday, April 1st 2011 - 17:53 UTC

  Uruguay’s fiscal deficit up in February equivalent to 1.4% of GDP

  

  Uruguay’s fiscal deficit in February increased GDP 0.3 percentage points over the previous month and reached 1.4% of GDP according to the Economy Ministry. In nominal terms the overall public sector deficit (including regional governments and the National Insurance bank) was 453 million US dollars, 20% higher than in January.

• Friday, April 1st 2011 - 17:51 UTC

  Uruguay’s government debt up 5.9% in 2010 but down to 57.9% of GDP

  

  Uruguay’s government debt increased both in gross and net terms in 2010, although at a slower rate than in 2009. Overall the debt increased 5.9% (1.3 billion US dollars) totalling 23.185 billion USD which is equivalent to 57.6% of GDP, according to the latest release from the central bank.

• Friday, April 1st 2011 - 01:37 UTC

  In spite of Mercosur “unfulfilled agenda”, there will be trade agreement with EU

  

  Uruguay’s Vice-president Danilo Astori said that Mercosur “unfulfilled agenda” will not affect the chances of reaching an agreement with the European Union which if finally achieved will also help the “block to work better”.

• Friday, April 1st 2011 - 01:31 UTC

  Uruguay’s two main challenges: infrastructure and education

  

  Two are the main challenges faced by Uruguay to ensure sustained economic growth and to improve inequalities: infrastructure and education, and one main danger, self complacency.

• Thursday, March 31st 2011 - 14:11 UTC

  Uruguay’s wholesale prices soared 10.82% in the first quarter of 2011

  

  Uruguay’s wholesale prices soared in March for the third month running reaching 4.42%, the highest since 2010, reports the country’s Statistics Institute, INE.

• Thursday, March 31st 2011 - 14:06 UTC

  Foreign direct investment in Uruguay recovers in 2010: up 28% from 2009

  

  Foreign direct investment in Uruguay reached 1.6 billion US dollars in 2010, up 28% from 2009, according to the fourth quarter Balance of Payments report released this week by the country’s Central bank.

• Thursday, March 31st 2011 - 14:00 UTC

  Chavez warns: if capitalism returns to Venezuela, it’s the end of oil cooperation

  

  President Hugo Chavez confirmed he would run for re-election in 2012 and made a strong call for regional unity warning that “if capitalism returns to Venezuela” it would mark the end of oil cooperation.

• Thursday, March 31st 2011 - 07:38 UTC

  Chavez blasts alliance bombing Libya; signs agreements with Uruguay

  

  Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.

• Wednesday, March 30th 2011 - 05:25 UTC

  Israel concerned with Uruguay’s position in an Israeli/Palestinian forum

  

  Israel will follow with a critical eye the United Nations organized forum on the Israel-Palestine conflict which opened Tuesday in Montevideo, because whatever the results, the Israeli government is ‘particularly interested in the Uruguayan government’s position’.