Uruguay

• Thursday, July 16th 2009 - 15:31 UTC

  Leading paper maker privileges control of Botnia mill in Uruguay

  

  Finnish paper firm UPM-Kymmene Corp. said Wednesday that it plans to take over the Fray Bentos pulp mill and forest plantations in Uruguay from Finnish forest co-operative Metsaliitto Group in an asset-swap arrangement.

• Wednesday, July 15th 2009 - 11:25 UTC

  Uruguayan ports will give Bolivian trade access to the sea

  

  Sea access, trade, energy, cooperation and delisting coca leaves from the dangerous drugs inventory were among the main issues addressed by Bolivian president Evo Morales and his Uruguayan host President Tabare Vazquez during his brief visit to Montevideo on Monday.

• Monday, July 13th 2009 - 12:03 UTC

  Santiago, Montevideo, among cheapest cities for tourists

  

  Santiago is one of the cheapest cities for foreigners, according to a survey published by finance consultancy Mercer. The Chilean capital is the fourth most economical city in Latinamerica and the 15th cheapest worldwide. The Uruguayan capital Montevideo also figures among the most accessible and liveable cities in the region.

• Saturday, July 11th 2009 - 18:15 UTC

  Bolivia interested in Uruguayan ports for its overseas trade

  

  Uruguay has offered far better conditions for the export of Bolivian products from Uruguayan ports than Chile has, revealed on Friday Bolivian Foreign Affairs minister David Choquehuanca.

• Friday, July 10th 2009 - 12:48 UTC

  Uruguayan farmland selling prices down 20 to 30%

  

  The cost of farmland in Uruguay has dropped between 20% and 30% in the first half of 2009 and the number of operations has fallen drastically, 70% according to local camp brokers.

• Friday, July 10th 2009 - 07:38 UTC

  Another record wheat year is forecasted for Uruguay

  

  Uruguay could be heading for another record of farmland dedicated to wheat and although it is too early to have the exact data, estimates are above 500.000 hectares. Good climate and lower input costs, mainly from fertilizers, could be anticipating a record harvest next December overtaking the 480.000 hectares and 1.2 million tons of the 2008 crop, according to reports in the Montevideo press based on official and private estimates.

• Wednesday, July 8th 2009 - 11:56 UTC

  Uruguay’s ruling coalition cobbles presidential ticket

  

  Finally at a brief and cool ceremony the Uruguayan ruling coalition announced on Monday evening the ticket for the coming October presidential election: the winner of the primary and former guerrilla leader Jose Mujica will head the slate with economist Danilo Astori as vice-president candidate.

• Tuesday, July 7th 2009 - 10:13 UTC

  Uruguay’s June inflation 1.4% and 6.48% in last twelve months

  

  Uruguay’s consumer price inflation rose 1.4% in June, the highest in the last twelve months, but was the lowest 2.82% for the first half of the year since 2005, according to the latest release from the country’s Statistics Office.

• Thursday, July 2nd 2009 - 12:39 UTC

  Uruguay’s primary election results stun the ruling coalition

  

  Uruguay’s main opposition party performed much better than anticipated according to official results of last Sunday’s primary elections for the nomination of presidential candidates for October’s elections.

• Thursday, July 2nd 2009 - 12:35 UTC

  YPF/Petrobras/GALP to explore for oil in Uruguayan waters

  

  A consortium made up of YPF/Repsol, Petrobras Uruguay and GALP from Portugal has won a bid to explore for oil in two offshore blocks near the coast of Uruguay, according to industry reports late Wednesday.