Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.
Discussions for the joint monitoring of the River Uruguay with Argentina are “not blocked” and “we have a very strong commitment with the on-going negotiations” said Uruguayan Foreign Affairs minister Luis Almagro following Monday morning’s ministerial cabinet meeting headed by President Jose Mujica.
Natural gas-rich Bolivia has invited Paraguay and Uruguay to confirm sufficient demand to justify the building of a commercially viable 2.000 kilometres pipeline linking with Asunción and Montevideo.
Uruguay is overall champion of tourism in Latin America, according to the Latin Tourism Index from Latin Business Chronicle
The Argentine city of Gualeguaychú and Fray Bentos across the shared River Uruguay celebrated Monday the first month of the end to pickets that since 2006 had impeded traffic and trade across the international bridge linking the two neighbouring locations.
Hydrocarbons minister Fernando Vincenti confirmed that Bolivia is interested in extending its natural gas pipeline network to add Paraguay and Uruguay to its list of clients now limited to Mercosur main associates, Brazil and Argentina.
With the euphoria of the recent fourth place in the South Africa World Cup, Uruguay celebrated on Friday July 16th the 60th anniversary of the country’s main sport greatest feat ever: winning the World Soccer Cup in Brazil in 1950.
Argentina proposed the gradual elimination of the Mercosur Common External Tariff, AEC, double charge and hopes the initiative will receive a first approval before Buenos Aires has to turn over the rotating chair of the trade group to Brazil next August.
Uruguay’s leading newspaper dedicated its Sunday’s editorial to the recent incident when the Argentine Navy, in shared Uruguayan-Argentine waters, forced a small merchant vessel linked to the Falklands/Malvinas Islands to identify itself and provide all the information related to cargo and destination.
Tens of thousands of Uruguayans took to the streets of Montevideo defying freezing weather and polar gusts to cheer and honour the ‘sky blue’ national team which came back from South Africa with a fourth place and striker Diego Forlan with the Golden Ball as the World’s Cup's best player.