Uruguay

• Sunday, January 8th 2012 - 05:14 UTC

  Spain opens tax evasion “hunting season” and targets 8 billion Euros

  

  Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

• Thursday, January 5th 2012 - 05:36 UTC

  Piñera reaffirms Antarctica policy and invites Mujica to visit Chilean bases

  

  Chilean president Sebastián Piñera will be flying to Antarctic next 13 to 15 January together with his Uruguayan peer Jose Mujica, announced on Wednesday Chile’s Foreign Affairs minister Alfredo Moreno.

• Thursday, January 5th 2012 - 01:18 UTC

  Spanish vessel with Falklands’ flag barred from the port of Punta del Este

  

  A Spanish fishing vessel flying the Falkland Islands flag was barred from entering the alternative port of Punta del Este where she was planning to receive crewmembers. The news was confirmed by Uruguay’s Coast Guard.

• Wednesday, January 4th 2012 - 06:34 UTC

  Uruguay consumer inflation in 2011 reaches 8.6%, which is 43% above target

  

  Uruguay consumer price inflation accelerated to 8.6% in 2011 from 6.93% the previous year, the government stats office, INE said on Tuesday.

• Wednesday, January 4th 2012 - 06:26 UTC

  Dry weather, heat and lack of rain threaten Mercosur soybean crop

  

  Mercosur soybean production is expected to fall 2.9% after dry weather and heat damaged crops in Brazil and Paraguay and as conditions deteriorate in Argentina, Hamburg-based industry researcher Oil World said.

• Wednesday, January 4th 2012 - 05:31 UTC

  HMS Protector ‘complies with all requirements’ to operate from Montevideo

  

  Uruguay authorized the Royal Navy Ice Patrol HMS Protector into Montevideo because it complies with normal procedure in spite of the fact that its next port of call is Stanley in Falklands/Malvinas.

• Tuesday, January 3rd 2012 - 03:07 UTC

  Uruguay’s trade deficit increases fourfold in 2011 to 549 million dollars

  

  Uruguay’s trade deficit soared to 549 million dollars in 2011 because of an increase in imports of 23.6%, far ahead of exports rise, 18.1%, according to the Uruguayan government foreign trade institute Uruguay XXI.

• Monday, January 2nd 2012 - 22:18 UTC

  Mujica: good relations with everybody, but Argentina and Brazil are crucial

  

  Uruguayan president Jose Mujica said he promotes good relations with the entire world but he is well aware of the significance of neighbouring Argentina for the Uruguayan economy and that “we must jump into the stirrup of Brazil”.

• Friday, December 30th 2011 - 21:22 UTC

  Uruguay fearing inflation drastically rises basic rate 75 points to 8.75%

  

  Uruguay’s central bank unexpectedly increased on Friday its benchmark interest rate by 75 points from 8% to 8.75%o as policy makers admit inflation, and mid term expectations remain notoriously over the target range and price stability is the main concern in “the current socio-economic context”.

• Friday, December 30th 2011 - 06:36 UTC

  Uruguay suggests changing to the red ensign for Falklands’ vessels to operate in Montevideo

  

  No changes are needed in current legislation to bar vessels flying the Malvinas flag from entering Uruguayan ports, but Uruguay also speculates that if the vessels change to the English flag there will be no problems, according to a report from the Foreign Affairs ministry.