Uruguay

• Saturday, May 4th 2013 - 10:03 UTC

  Uruguay admits trade and economic relations with Argentina ‘couldn’t be worse’

  

  Vice-president Danilo Astori admitted on Friday that economic-trade relations with Argentina continue to deteriorate and seriously question Mercosur and Uruguay must therefore speed the search for other alternatives.

• Thursday, May 2nd 2013 - 08:03 UTC

  Where is Uruguay’s economy headed?

  

  Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.

• Wednesday, May 1st 2013 - 02:18 UTC

  Unpleasant surprises for the Uruguayan economy predicts a US financial group

  

  A serious deterioration is taking place under the surface of the Uruguayan economy and when the current inflow of foreign capital reverts, the country is going to suffer unpleasant shocks with a strong rise in the price of the US dollar and an increase in inflation, according to a report from the US based BCP Securities.

• Wednesday, May 1st 2013 - 00:33 UTC

  Uruguay’s Figueredo replaces Leoz as president of CONMEBOL until 2015

  

  Uruguay’s Eugenio Figueredo was officially appointed president of the South American Football Confederation (CONMEBOL) in succession to Nicolas Leoz on Tuesday. He is the third Uruguayan to occupy the post.

• Saturday, April 27th 2013 - 04:44 UTC

  Uruguayans hold 7.18bn in overseas deposits, according to BIS

  

  Deposits of Uruguayans in overseas banks experienced a drop in the last quarter of 2012, the second consecutive fall (3%), and now stand at 7.18bn dollars according to preliminary data released by the Bank for International Settlements.

• Thursday, April 25th 2013 - 21:26 UTC

  Uruguay GM lambs which have a luminescence reaction when exposed to UV conditions

  

  Uruguay has a ‘flock’ of nine six-month ‘brilliant’ lambs which behave as any other sheep but are really genetically modified and are planned to help with medicine research. They were born in a farm belonging to the Animal Reproduction Institute of Uruguay (Irauy) a non profit organization connected to the Genetically Modified Animals Unit from the Pasteur Institute, a branch in Montevideo of the renowned French scientific organization.

• Tuesday, April 23rd 2013 - 06:40 UTC

  England confirms three rugby matches in Uruguay, Argentina tour

  

  England will play three matches on their tour to Argentina and Uruguay this coming June, announced the Rugby Union in England. Stuart Lancaster’s side will face a CONSUR XV representing the South American nations in Montevideo, Uruguay, on Sunday, June 2 (3.30pm local time, 7.30pm BST).

• Monday, April 22nd 2013 - 08:13 UTC

  More praise from Mujica to Cristina Fernandez stubbornness and determination

  

  President José Mujica said Uruguay “must always talk and maintain close relations with Argentina” following the recent controversy that flared up when he was caught by an open microphone calling Argentina’s Cristina Fernandez “the old lady” and her deceased husband Néstor Kirchner “the one-eyed.”

• Saturday, April 20th 2013 - 09:07 UTC

  Uruguay investing hundreds of millions to support the US dollar and exports edge

  

  Uruguay’ financial and political stability is backfiring as the Central bank is forced to buy a massive inflow of foreign capital which in turn creates an abundance of Pesos that need to be absorbed to control inflation and support the competitive edge of the country’s exports.

• Saturday, April 20th 2013 - 09:01 UTC

  Positive cruise season for Uruguay and further growth prospects for 2013/14

  

  Last Wednesday April 17 ‘Splendour of the Seas’ and its 1.940 passengers marked the end of the 2012/13 cruise season for Uruguay, which took off on 23 October and totalled 222 calls between the port of Montevideo and Punta del Este sea resort.