Uruguay

• Wednesday, June 12th 2024 - 10:34 UTC

  World Bank: Uruguay in for economic growth above par in 2024

  

  The same World Bank report that foresaw a gloomy 2024 for Argentina forecasted a 3.2% growth for Uruguay in a region headed for poor average performance, the “World Economic Outlook” released Tuesday in Washington DC projected growth in Latin America and the Caribbean to reach 1.8% in 2024 before bouncing back to 2.7% in 2025 as interest rates and inflation slow down.

• Tuesday, June 11th 2024 - 18:41 UTC

  Paraguay enacts “linked towns” bill for residents of border locations

  

  Paraguayan President Santiago Peña signed into law a bill providing for the creation of the so-called “linked towns” bordering Argentina and Brazil. The measure grants residents a preferential status in economic, labor, health, and cultural issues, it was explained.

• Monday, June 10th 2024 - 06:22 UTC

  Montevideo launches mobile flu vaccination

  

  Health teams from Montevideo's City Council will start canvassing the Uruguayan capital from Monday through Friday with mobile vaccination units to foster immunization against influenza and also Covid-19. The initiative comes at a time of high circulation of respiratory viruses, it was explained.

• Friday, June 7th 2024 - 09:47 UTC

  Uruguay's Ancap posts US$ 48 million losses in three months

  

  Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

• Wednesday, June 5th 2024 - 20:53 UTC

  Uruguay's interannual inflation stands at 4.1% in May

  

  Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.

• Wednesday, June 5th 2024 - 09:54 UTC

  Fitch keeps Uruguay's rating unchanged and stable

  

  The international credit rating agency Fitch announced Tuesday that it was keeping Uruguay's BBB grade unchanged and with a stable outlook given the South American country's “relatively high” GDP, strong governance indexes, and sound external finances.

• Tuesday, June 4th 2024 - 08:58 UTC

  Uruguay to prioritize Mercosur's ties with China

  

  Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.

• Thursday, May 30th 2024 - 14:10 UTC

  Uruguay issues decree to speed up admittance of Venezuelan asylum seekers

  

  The Uruguayan Government issued a decree Wednesday expediting the admission of some 3,500 Venezuelan refugees into the country, Foreign Minister Omar Paganini announced in a press conference in Montevideo.

• Tuesday, May 28th 2024 - 21:20 UTC

  Uruguay's National Party replaces Board Chairperson

  

  Uruguay's National Party, also known as The Whites, accepted the resignation of Pablo Iturralde as Board Chairman and appointed Macarena Rubio instead as the ashes of the scandal involving President Luis Lacalle Pou's force are still smoldering in Montevideo.

• Monday, May 27th 2024 - 20:17 UTC

  Buenos Aires Rural Fair lures three presidents together

  

  Conservative Presidents Luis Lacalle Pou of Uruguay and Santiago Peña of Paraguay are to join their hosting colleague Javier Milei on July 28 in Buenos Aires for the annual International Livestock, Agriculture, and Industry Exhibition, also known as the Rural Fair, it was announced.