Tag: Uruguay

• Thursday, March 24th 2011 - 03:11 UTC

  Inflation in Uruguay feeling impact of 11.4% private domestic demand expansion

  

  Private domestic demand was a crucial element in the 2010 performance of the Uruguayan economy that expanded 8.5%, for the eighth year running, according to the latest report from the Central bank. But inflation is also running well above target.

• Wednesday, March 23rd 2011 - 19:30 UTC

  Uruguay expands record 8.5% in 2010; forecasts 6% this year

  

  The Uruguayan economy completed in 2010 the eighth year running of expansion having recorded 8.5%, which together with 2008 and 1998 makes them the best three years of the last two decades. Uruguay managed to skip the 2009 global recession with a 2.9% expansion.

• Sunday, March 20th 2011 - 07:43 UTC

  Uruguay contracts 2D seismic survey in anticipation of second oil licensing round

  

  Singapore based Reflect Geophysical has been selected by Uruguay’s state oil company Ancap to carry out a 2D seismic survey in the country’s Punta del Este and Pelotas offshore basins.

• Saturday, March 19th 2011 - 07:22 UTC

  Inflation alarm-bells in Uruguay as consumer prices rise sharply in Jan-Feb

  

  Uruguay's central bank must act swiftly after a surge in consumer prices during the first two months of the year or the economy could suffer “serious problems,” a recognized research company has warned.

• Thursday, March 17th 2011 - 17:27 UTC

  Argentina and Uruguay advance relations in a full ministerial meeting

  

  Argentina and Uruguay signed this week several agreements with the aim of improving bilateral trade, improving rivers’ navigation, social policies and other issues, within the Second Bi-national Meeting of Ministers in the framework of a relation described as ‘strategic’.

• Thursday, March 17th 2011 - 07:48 UTC

  It’s official: Uruguay and Argentina will bid to host the 2030 World Cup

  

  Uruguay and Argentina that played the final of the first World Cup in 1930 in Montevideo, announced Wednesday they have jointly launched a bid to host the 2030 World Cup to celebrate the centennial.

• Wednesday, March 16th 2011 - 03:59 UTC

  Uruguay recognizes Palestinian sovereign state and will open embassy in Ramallah

  

  Uruguay announced on Tuesday it had recognized a Palestinian state, becoming the latest in a string of Latin American countries to make an endorsement in recent months the United States has called premature.

• Friday, March 11th 2011 - 04:43 UTC

  How Argentina torpedoed Uruguay’s FTA with the US, according to Wikileaks

  

  Although in public former Argentine president Nestor Kirchner was supportive of Uruguay’s negotiations for a free trade agreement (FTA) with the United States, members of his cabinet warned the US embassy in Buenos Aires that Argentina would block such an initiative in Mercosur, according to the contents of several Wikileaks cables published in Montevideo and Buenos Aires.

• Wednesday, March 9th 2011 - 22:52 UTC

  “Argentina has not learnt the 2001 lesson, nor have many investors the 2008 crisis”

  

  “There is no evidence that Argentina has learnt the lesson from the 2001 crisis”, said Carmen Reinhart one of the most influential US economists and an expert in Latin America, who has worked for the IMF, in Wall Street and teaches at the University of Maryland.

• Wednesday, March 9th 2011 - 18:03 UTC

  Nestor Kirchner government is more like “fascist brown shirts than left-wing”

  

  Former Uruguayan Industry and Energy Minister, Jorge Lepra (*), described Néstor Kirchner’s government as ”fascist”, during a meeting with the US Embassy Chargé D'Affaires at Uruguay, James Nealon, in February 14, 2006, according to a cable revealed by Wikileaks in which Nealon reported to Washington the minister’s harsh words.