Uruguay's largest fish processing company Fripur, generating half of the exports in the country's sector, will lay off 960 workers and suspend its activity from Aug. 19, after falling into administration, it was reported in Montevideo.
The British Embassy in Montevideo offers funds to collaborate with the development of Science and Innovation in Uruguay through financing cooperation projects between Uruguayan and British researchers and institutions.
Uruguay's foreign minister said on Friday that nobody supports the proposal from the Brazilian Senate president Renan Calheiros to put an end to the Mercosur customs union. However he did point out that he proposal exposed that the block effectively is 'not working' and needs to have its foundations reviewed.
The British embassy will be present at Uruguay's Prado agriculture show with a pavilion geared to promote business, education, culture, tourism, gastronomy and entertainment. The 110th edition of the Prado event, Uruguay's main agri-business display will take place in Montevideo, between September 9 and 20.
British Ambassador, Ben Lyster-Binns, gave a farewell for the Uruguayan Rugby Team, Los Teros, before they leave for the World Cup in England and Wales from 18 September.
Uruguay's inflation climbed 1.21% during July and reached 6.91% in the first seven months of the year and 9.02% in the last twelve months, according to the release from the country's stats office, INE. In July 2014 inflation was 0.75%.
British oil major BP has halted its deepwater exploration activities off Uruguay as it prioritises lower-risk projects at a time of low international prices, an official at Uruguay's state-owned oil company Ancap said on Monday.
Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.
Uruguay exports of meats reached 978 million dollars between January and 18 July of which 83% beef; 5,5% offal; 3% ovine; other industrialized meats 2.7% and 1.5% horse, according to the latest release from the country's Meats institute economics office, Inac.
Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.