
Uruguay's most voted and popular leader, former guerrilla and currently Senator Jose Mujica admitted he would be a presidential candidate if he counts with the support from other groups of the ruling coalition.

An initiative from the United States National Cancer Institute to establish an extensive cancer research program in Uruguay was the foremost of several expanded scientific cooperation initiatives considered by US and Uruguayan officials meeting in New York.

Uruguayan president Tabare Vazquez launched this week before the international business community the presidential candidacy of his outgoing Economy minister during the opening of a trade and investment forum sponsored among others by The Economist Intelligence Unit.

The Economist Intelligence Unit praised in Montevideo the achievements of the Uruguayan economy as really impressive but also cautioned that good times don't last for ever.

Uruguay's fiscal deficit will be double the government's targets for 2008 and 2009 increasing risks for the coming year (which happens to be an electoral year). Clearly expansive monetary and fiscal policies together with mounting pressure for higher salaries and an overheated economy will sustain strong inflationary pressures this year and in 2009.

Uruguay formally proposed its Mercosur partners to begin a round of negotiations geared to reach trade agreements with the European Union, United States, South Korea and Canada. The proposal had been advanced early August but was formalized early September in Brazil during a meeting of the Mercosur Foreign Relations Commission.

Uruguayan flag air carrier Pluna is facing financial turbulences, a story which seems a repeat of Latinamerican government airlines in the brink of having to ground overwhelmed by debts, unachieved objectives and sheer planning incompetence.

US investment bank JP Morgan said the expected deceleration in Argentina will have an impact for the performance of neighboring Uruguay's economy, according to reports published in the Montevideo press.

Uruguayan Economy minister Danilo Astori who next week steps down to return to his Senate bench and hopefully to become the presidential candidate for the ruling coalition, said that a balanced budget has no political color be it left or right and anticipated that this will be a record growth year for the economy.

Uruguay's 2007/08 wool export increased 8.2% in value totaling 60 million kilos while sheep farming exports reached 320 million US dollars (up 8.4%). China remains as Uruguay's main wool client, according to a release from the Uruguayan Wool Secretariat, SUL.