Uruguay

• Thursday, November 17th 2011 - 07:08 UTC

  Mercosur is not moving but Uruguay “will not stay put licking its wounds”

  

  Uruguayan president Jose Mujica said that Mercosur “is not moving forward or backwards” but is certainly working much better than the European Union where old experienced nations “made a mess of it”. Nevertheless, Uruguay will not stay put “licking its wounds”, it will look for other trade links.

• Thursday, November 17th 2011 - 03:49 UTC

  Uruguay denies access to Malvinas-bound Royal Navy vessels to please Argentina

  

  Uruguay had to stand up to a world power and deny dock access to a Royal Navy vessel on its way to the Falklands/Malvinas to retain good relations with Argentina, admitted the Uruguayan President Jose Mujica in Guadalajara where he met with members of the Uruguayan colony in Mexico.

• Wednesday, November 16th 2011 - 00:34 UTC

  Argentina tells Uruguay it will not accept surplus Pesos from the summer season

  

  Argentina will not take back the millions of Pesos that thousands of tourists spend in neighbouring Uruguay during the summer season. That was the reply to a request from Uruguay’s largest bank branch in the City of Buenos Aires, according to banking sources in Montevideo.

• Tuesday, November 15th 2011 - 23:09 UTC

  Uruguay puts a 65 dollar per MW-hour cap for developing wind power projects

  

  Uruguay won’t accept bids above 65 dollars a megawatt-hour from developers bidding to sell power from wind farms as concerns mount that rates have dropped too low.

• Tuesday, November 15th 2011 - 16:44 UTC

  President Mujica in Mexico to boost trade and relations with G20

  

  Uruguayan president Jose Mujica arrived Tuesday in Mexico for a two day visit to promote bilateral trade and to address with his host Felipe Calderon issues related to recent discrepancies with the G20 that described Uruguay and Panama as “fiscal havens”.

• Monday, November 14th 2011 - 21:21 UTC

  Falklands establishes agriculture and trade cooperation links with Uruguay

  

  If proof was ever needed that adversity leads to a greater determination to succeed, it has been amply provided in a recent trip by the Falkland Islands Senior Agricultural Advisor, “Mac” McArthur, on a trade mission and cultural visit to Uruguay.

• Monday, November 14th 2011 - 16:48 UTC

  Uruguay has become an IMF creditor and contributed to bail-out Ireland

  

  Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.

• Monday, November 14th 2011 - 07:37 UTC

  Uruguay fears fall in value of the Argentine Peso could impact summer season

  

  In the last eleven days the Argentine Peso has fallen almost 20% in neighbouring Uruguay where it has sounded alarm bells ahead of the coming season when hundreds of thousands of Argentines flood Uruguayan beaches.

• Friday, November 11th 2011 - 08:32 UTC

  Economist warns Latam to prepare for the chain effect of a Euro collapse

  

  The Secretary-General of the Ibero-American Secretariat Enrique Iglesias, warned Thursday that the EU crisis could reach as far as Asia and Latin America, and that preventive measures should be taken.

• Thursday, November 10th 2011 - 06:31 UTC

  Uruguay advised to lower Mercosur expectations and ‘follow your own interests’

  

  Mercosur expectations must be lowered and made to prosper in energy integration, infrastructure and trade, said a Uruguayan leading economist adding that without sounding dramatic “we must follow our interests”.