Tag: Uruguay

• Monday, May 20th 2013 - 07:03 UTC

  Uruguay satisfied with the latest cruise season, but there could be difficulties ahead

  

  The Uruguayan 2012/13 cruise season experienced a 10% increase in the number of calls to the ports of Montevideo and Punta del Este totalling 240 and approximately 400.000 visitors between passengers and crew members.

• Friday, May 17th 2013 - 06:51 UTC

  Argentina’s ‘autarkic project’ worsens bilateral relations and multiplies problems

  

  In an interview with the Spanish government news agency EFE, Uruguayan President José “Pepe” Mujica said Argentina’s economic “autarkic project” “worsens” bilateral ties and “multiplies” trade troubles. Still, he ruled out pressures on Buenos Aires; “they won’t work,” he insisted.

• Friday, May 17th 2013 - 06:26 UTC

  Uruguay’s José Mujica lauds booming Brazil ties

  

  By Jude Webber in Montevideo - The Financial Times has published a piece on Uruguayan president Jose Mujica and his view on the future and his government’s policy towards two powerful neighbors, Argentina and Brazil.

• Wednesday, May 15th 2013 - 07:24 UTC

  Uruguay awards French company contract for 1.2bn dollars re-gasification plant

  

  Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.

• Friday, May 10th 2013 - 07:54 UTC

  Change of policy? Obama hosts Chile and Peru presidents; Biden visits Brazil and Colombia

  

  The White House announced that Peruvian President Ollanta Humala and Chile’s President Sebastian Piñera will travel to Washington in June and meet with President Barack Obama. The White House also said that Vice President Joe Biden’s next week will visit Brazil and Colombia with a stop in Trinidad and Tobago.

• Friday, May 10th 2013 - 07:44 UTC

  Brazil endorses Maduro and pledged support to develop agriculture and infrastructure

  

  Venezuelan President Nicolas Maduro got strong backing from regional heavyweight Brazil on a tour of Mercosur allies to cement his legitimacy as political heir to the late Hugo Chavez.

• Friday, May 10th 2013 - 07:13 UTC

  Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

  

  The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”

• Friday, May 10th 2013 - 06:30 UTC

  Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics

  

  Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.

• Thursday, May 9th 2013 - 05:19 UTC

  Timerman corrects Astori: relations with Uruguay are going through ‘a good moment’

  

  Argentine Foreign minister Hector Timerman said that relations with Uruguay are going through “a good moment”, contrary to recent statements from Uruguayan Vice-president Danilo Astori, and described as ‘false’ the information that two Falklands’ flagged fishing vessels had called into Uruguayan ports.

• Wednesday, May 8th 2013 - 09:56 UTC

  Maduro promises Uruguay permanent supply of oil and full Mercosur commitment

  

  President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.