Uruguay

• Tuesday, May 6th 2014 - 07:55 UTC

  Mujica says Obama has 'his hands and feet tied' so that 'he can't do a thing'

  

  Less than a week before meeting with Barack Obama in Washington, Uruguayan president Jose Mujica described his peer as a 'progressive leader who has his feet and hands tied” and described the fact he made it to the White House, a complete surprise, 'almost unconceivable'.

• Tuesday, May 6th 2014 - 06:19 UTC

  Uruguay's inflation index down 0.06% in April; four-month index 4.68%

  

  Uruguay's inflation index was down 0.06% during April with the annual index standing at 9.18% and 4.68% in the first four months of the year, according to the latest release from the country's stats office, INE.

• Monday, May 5th 2014 - 21:29 UTC

  Malvinas Islands British occupation a 'latent threat' for Uruguay's defense policy

  

  The Uruguayan government considers the British occupation of the Malvinas Islands as a 'latent threat' according to a work-paper with basic points of the country's defense policy and which is to be made public this week, some excerpts of which were advanced by the pro-government daily La Republica.

• Monday, May 5th 2014 - 07:04 UTC

  Uruguay displaces Argentina as the main supplier of milk to Brazil

  

  Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. “Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner”, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.

• Saturday, May 3rd 2014 - 06:30 UTC

  Licensed pharmacies in Uruguay will sell marihuana at a dollar a gram

  

  Uruguayan authorities have revealed how marijuana will be produced and sold legally in the country following the approval of the bill last December. Licensed pharmacies will sell the drug for approximately one US dollar a gram with consumers allowed 40g a month.

• Saturday, May 3rd 2014 - 06:18 UTC

  Uruguay interested in joining negotiations to liberalize trade in services

  

  Uruguay has expressed an interest in actively participating in negotiations to liberalize trade in services in the framework of TISA, Trade in Services Agreement which recently held its seventh round of talks in Geneva.

• Friday, May 2nd 2014 - 10:00 UTC

  Uruguay confirmed a third pulp mill with construction beginning in 2017

  

  Uruguay has confirmed a third pulp mill to be built to the north east of the country in Cerro Largo, while the second one, Montes del Plata on the River Plate and recently finished is to be formally inaugurated sometime between May 15 and 25, although production will be delayed for a few months since the second wharf is unfinished and the effluents plant non commissioned.

• Friday, May 2nd 2014 - 09:54 UTC

  Uruguay approves import of US fresh and frozen poultry

  

  Uruguay has granted final approval for importing US fresh and frozen poultry and poultry products, including US fresh chicken, the USDA has announced.

• Friday, May 2nd 2014 - 09:46 UTC

  Major dairy farming invester in Uruguay sells land to recoup losses

  

  NZ Farming Systems Uruguay, the dairy unit of Singapore-based Olam International in Uruguay, has sold some 7,771 hectares of farm land in Uruguay to local interests for about 53.7 million dollars in gross cash proceeds. The transactions would free up cash “for redeployment into more value-accretive projects,” Olam said in a statement.

• Friday, May 2nd 2014 - 09:27 UTC

  Uruguay's budget fiscal deficit climbs in March to its highest since October 2003

  

  Uruguay's fiscal deficit climbed to 3.2% of GDP during March, the highest since October 2003, --equivalent to 1.69 billion dollars--, but Economy minister Mario Bergara said that there is no risk for “the sustainability of public accounts or sustainability of current macroeconomic policies”.