Uruguay

• Thursday, December 5th 2013 - 18:49 UTC

  Inflation in Uruguay during November climbs 0.2%, but still above target

  

  Consumer prices in Uruguay during November increased 0.2% over the previous month with annual inflation reaching 8.51% compared to the 8.67% of October. Nevertheless in the eleven months of 2013, consumer prices have climbed 9.31%, which is a whole percentage point higher than the same period a year ago, according to the latest release from the country's Stats Office, INE.

• Wednesday, December 4th 2013 - 01:22 UTC

  Fitch creates an Argentine/Uruguay domestic credit rating branch: FIX-SCR

  

  Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.

• Monday, December 2nd 2013 - 19:49 UTC

  Inflation and competitiveness, Uruguay's main challenges for next year and a slower growing economy

  

  Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on “Prospects for 2014 and economic challenges for the next government”.

• Monday, December 2nd 2013 - 18:38 UTC

  Uruguay after another soy-crop record since area planted increased 100.000 hectares

  

  Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.

• Monday, December 2nd 2013 - 15:26 UTC

  Uruguay fishing industry in deep trouble: high costs, poor catches, labor conflicts

  

  High costs, poor catches and labor conflicts are threatening the competitiveness of Uruguay's fishing sector which has seen exports drop considerably plus fears of a possible closure of Nigeria which in the last 18 months has become the main market.

• Monday, December 2nd 2013 - 13:21 UTC

  Uruguay admits regional conditions are influencing the number of arrived tourists

  

  Uruguay estimates that the number of arriving tourists to the country by the end of the year will reach 2.830.000, which is 40.000 less than in 2012, but still encouraging given the regional conditions, according to Tourism minister Liliam Kechichian.

• Friday, November 29th 2013 - 07:44 UTC

  Mujica questions Argentine trade policies towards Mercosur that “take us back to the sixties”

  

  Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.

• Tuesday, November 26th 2013 - 19:45 UTC

  Strong drop in Uruguay fisheries exports in 2012; Nigeria becomes main market

  

  Uruguay fisheries exports last year totaled 79.768 tons valued at 189 million dollars which is a considerable drop from 2011 with 102.500 tons and 236 million dollars. White croaker and hake were the main export items and Nigeria displaced the European Union as the main market.

• Tuesday, November 26th 2013 - 19:35 UTC

  Brazilian leading daily calls for a review of Mercosur, which 'is not working'

  

  Brazil's influential daily O'Globo called for a drastic change in the country's approach to trade policy arguing that “without a review, Mercosur does not work” and reveals that the latest signals from Argentina are that it is reluctant to reach a free trade and cooperation agreement in the framework of Mercosur with the European Union.

• Tuesday, November 26th 2013 - 08:52 UTC

  Uruguay hosts conference on strategies and response to cruise ship accidents

  

  Uruguay hosted last week a conference and workshop on “tools and strategies to strengthen the response to cruise ship accidents”. David Jardine-Smith, from the International Maritime Rescue Federation, and Roly McKie, HM Coastguard Staff Officer, Search and Rescue Operations, were the facilitators of the event.