Uruguay

• Wednesday, February 10th 2010 - 04:30 UTC

  US new ambassador anticipates continued excellent relations with Uruguay

  

  The new United States ambassador in Uruguay David Nelson anticipated good opportunities to promote business and investment between the administrations of President Barack Obama and incoming president Jose Mujica. He mentioned specifically livestock, forestry and agriculture.

• Monday, February 8th 2010 - 05:02 UTC

  New Carrasco terminal among the “most beautiful airports in the world”

  

  The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.

• Monday, February 8th 2010 - 02:07 UTC

  Mujica calls on followers to build a better society and not collect bills from the past

  

  Uruguay’s president elect Jose Pepe Mujica called on militants and followers “to meditate, to think” about the motives for “the cause, colours and commitments” of the catch-all coalition which under his leadership will be repeating another five years of government.

• Saturday, February 6th 2010 - 09:00 UTC

  All Mercosur leaders present at Mujica’s inauguration next March

  

  Mercosur presidents have confirmed attendance to the inauguration next March first of Uruguayan president-elect Jose Mujica who will be heading a second consecutive government of the catch-all centre left coalition Broad Front.

• Thursday, February 4th 2010 - 18:16 UTC

  Uruguay January prices pick up again and reach 0.93%

  

  Prices in Uruguay surprised in January, showing signs of picking up again, driven in large part by higher medical costs, the latest salaries agreements and dearer vegetables according to data published earlier this week.

• Thursday, February 4th 2010 - 17:31 UTC

  BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

  

  French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.

• Wednesday, February 3rd 2010 - 11:55 UTC

  Montevideo seems prepared to vote for a Communist Mayor next May

  

  Montevideo, Uruguay’s capital will most probably have as of next July a Communist Mayor with the support from the political machinery that has dominated undisputedly the city’s politics for the last two decades.

• Monday, February 1st 2010 - 08:38 UTC

  Punta del Este, “invaded” by 12.000 visitors from four cruises on a single day

  

  Punta del Este, Uruguay’s main sea resort on the Atlantic coast received last week on a single day an estimated 12.000 visitors from cruise vessels, challenging transport resources but with singular success given the excellent weather conditions and food and leisure facilities in the city.

• Monday, February 1st 2010 - 06:09 UTC

  Uruguay’s budget deficit in 2009, highest since 2003 pushed by energy costs

  

  Uruguay’s 2009 fiscal budget deficit soared to its highest since 2003 pushed by higher power generation costs and the import of dearer energy according to the official release from the Ministry of Finance. The total is equivalent to 2.1% of GDP and 50% higher than in 2008, which was 1.4% of GDP.

• Friday, January 29th 2010 - 09:58 UTC

  Uruguay 2009 competitiveness erodes 10.2% compared to main trade partners

  

  Uruguay’ competitiveness eroded 10.2% during the twelve months of 2009, which represents the third consecutive annual loss. The data was extracted from Uruguay’s Central Bank Real Exchange Rate index (TCR) which measures variations with the country’s main trade partners.
  In 2008 TCR lost 7.4% and the previous year, 7%.