Uruguay

• Sunday, June 8th 2008 - 21:00 UTC

  Uruguay's exports closing on 10 billion US dollars in 08

  Exports from one of Mercosur's junior members Uruguay could reach ten billion US dollars this year, a considerable hike from the 6.8 billion of 2007 and the original official estimate of “above 9 billion US dollars”, according to sources from the Ministry of Economy.

• Wednesday, June 4th 2008 - 21:00 UTC

  River Plate vessels collision leaves 20 kilometers fuel trail

  Merchant ships from Greece and Malta collided off the coast of Uruguay, dumping fuel oil from one of the vessels, Uruguay's Navy said on Wednesday in a statement. However no one was hurt in the accident which occurred late Tuesday night.

• Tuesday, June 3rd 2008 - 21:00 UTC

  May inflation in Uruguay up 0.87% and 4.10% in 2008

  Consumer prices in Uruguay during May increased 0.87%, accumulating 4.10% in the first five months of 2008, according to the country's Statistics Institute (INE), latest release. The index is higher than the average forecasted by 28 Central Bank consultants that anticipated 0.7%.

• Wednesday, May 28th 2008 - 21:00 UTC

  EU reopens market for Uruguayan fish and sea produce

  

  Uruguayan companies can resume fish and sea produce exports to the European Union following on a positive report from the European Commission (EC) coordinated by the local Aquatic Resources Directorate, DINARA.

• Tuesday, May 27th 2008 - 21:00 UTC

  Uruguay's oil bill jumps 32% to 1.8 billion US$ in 2008

  Uruguay's annual oil bill is set to jump 32% to 1.8 billion US dollars if the barrel of crude remains on average at 130 US dollars admitted Uruguayan private sector consultants who anticipated a far “worst impact scenario” if energy prices keep spiraling.

• Tuesday, May 20th 2008 - 21:00 UTC

  Uruguay leads region's Economic Climate Index

  The economic climate in Latinamerica dropped in April to its lowest level since 2003 according to the latest edition of the joint index from the Brazilian Getulio Vargas Foundation, FGV, and the IFO Institute from Munich, Germany.

• Saturday, May 17th 2008 - 21:00 UTC

  Labor strife leaves 60 Uruguayan fishing vessels idle

  Most of the Uruguayan fishing fleet has been docked since last April 29 because of labor disputes leaving an estimated 3.000 workers from processing plants and other branches of the industry out of work according to the vessel owners.

• Saturday, May 17th 2008 - 21:00 UTC

  Uruguay sets oil exploration licensing round timetable

  Uruguay has approved the legal framework and timetable for a round of hydrocarbons exploration licensing, offshore, which will have a first presentation next December. The round is based on the encouraging results of seismic surveying and the interest shown by several global oil corporations, according to the Uruguayan government.

• Thursday, May 15th 2008 - 21:00 UTC

  Uruguay downplays possible impact of Argentine situation

  

  Uruguayan financial authorities minimized the possible economic impacts on Uruguay of the current uncertainty scenario in Argentina because of the ongoing conflict with farmers and which has temporarily suspended the neighboring country's cereal and oil seeds exports.

• Thursday, May 15th 2008 - 21:00 UTC

  Uruguayan exporters' gruel government's economic policies

  Uruguay's economic team defended the current government's policies and denied any loss of competitiveness, increased government expenditure or inflation out of control. However the Uruguayan business community was not entirely convinced with the arguments and complained about the inefficiency and high costs of energy and fuel provided by government monopolies.