Uruguay

• Friday, December 4th 2015 - 05:33 UTC

  Uruguay could be heading to recession because of the government's political stalemate

  

  Uruguay faces seven conditions which are creating a complex scenario and if they are not modified by government, it's most possible the economy is heading for a recession, according to economist Juan Carlos Protasi, a former central bank president.

• Friday, December 4th 2015 - 05:23 UTC

  Uruguayan government unable to keep inflation below two digits

  

  Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.

• Friday, December 4th 2015 - 04:44 UTC

  UK embassy sponsors three workshops in Uruguay on science and innovation

  

  The British Embassy, the British Council and Uruguayan National Research and Innovation Agency (ANII) have announced the three workshops selected under the recent Researcher Links call for proposals, part of the Embassy’s cooperation funding for science and innovation in Uruguay.

• Thursday, December 3rd 2015 - 08:11 UTC

  Macri names ambassadors to Washington and Montevideo

  

  President-elect Mauricio Macri named ambassador to Washington and Montevideo. Lawmaker Martín Lousteau will be Argentina's next ambassador in the US. He will replace Cecilia Nahón, who submitted her resignation on Monday. The appointment was decided after a meeting Lousteau held with the new cabinet chief Marcos Peña and the future Foreign Affairs Minister Susana Malcorra, a Let’s Change statement affirmed.

• Thursday, December 3rd 2015 - 07:55 UTC

  Total contracts Maersk drillship to spud well offshore Uruguay next March

  

  Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major France's Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay.

• Wednesday, November 25th 2015 - 07:35 UTC

  Mujica wishes Argentina and Macri 'the best', but has fears about 'institutional stability'

  

  Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina “the best” with its new government, but also expressed fear about the 'institutional stability' of the country.

• Monday, November 16th 2015 - 07:10 UTC

  Uruguay's ruling Broad Front coalition divided over Venezuela

  

  The strong 16 pages long letter sent by OAS (Organization of American States) secretary general Luis Almagro to Venezuelan electoral officials calling for transparency, international observers and freeing political prisoners, ahead of December 6 legislative elections, triggered an immediate furious insulting reaction from Venezuela's strongman Diosdado Cabello, but also again exposed a growing rift in the Uruguayan government.

• Friday, November 13th 2015 - 08:09 UTC

  Argentina the 'main obstacle' in reaching a trade accord with the EU, claims Uruguay

  

  It's a fact, Argentina is the 'main obstacle' for Mercosur to advance in reaching a trade agreement with the European Union, and Venezuela, the latest incorporation to the group, is also hindering efforts, revealed Uruguay's Economy minister Danilo Astori during a conference on the country's investment prospects.

• Wednesday, November 11th 2015 - 07:35 UTC

  Uruguay hopeful of a more 'flexible' Argentina whoever wins on 22 November

  

  The Uruguayan government is hopeful that with president Cristina Fernandez no longer at the helm of Argentina, as of 10 December, a more flexible attitude can be expected from the newly elected authorities, particularly regarding Uruguay's intention of signing trade agreements with third parties, if Mercosur is not interested in such commitment.

• Thursday, November 5th 2015 - 06:51 UTC

  Cruise season 2015/16 in Uruguay takes off 6 November; 170 calls expected

  

  Uruguayan Tourism ministry officials announced that the country expects 170 calls from cruise vessels this coming season which is scheduled to begin 6 November and extend until 10 April 2016.