Uruguay

Monday, February 17th 2014 - 09:09 UTC
Uruguay's budget surplus reached 2.3% of GDP in 2013

Despite a decade of sustained growth Uruguay's fiscal deficit reached 2.3% of GDP last year, which is an improvement over 2012, when it reached 2.8%, but above the government's target of 2.1%. In money terms this means the budget red was equivalent to 1.154bn dollars, including 350 million dollar losses from government owned companies.
Friday, February 14th 2014 - 21:22 UTC
Total to drill first exploratory well in Uruguay's shelf in October 2015

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.
Thursday, February 13th 2014 - 23:05 UTC
Uruguay has an important role to play in promoting better relations say visiting delegates to Falkland Islands

The cross-party delegation of Uruguayan parliamentarians currently visiting the Falkland Islands appear quite unmoved by what their leader Jaime Trobo described as the “dust storm” that their visit had created both at home in Uruguay and in neighbouring Argentina.
Wednesday, February 12th 2014 - 22:55 UTC
Falklands' visit of Uruguayan lawmakers delegation upsets Argentina

The visit of four Uruguayan lawmakers to the Falkland Islands is receiving ample coverage from the Argentine media particularly the intention of closer links between Montevideo and the Islands including the possibility of sending Uruguayan manpower as well as promoting trade, tourism, culture and social relations
Tuesday, February 11th 2014 - 23:44 UTC
“It is not clear where the Argentine government is heading or who is in charge”

It is not clear where the government commanded by Argentine president Cristina Fernández is heading to, Economy Minister of neighboring Uruguay Mario Bergara affirmed saying the economic ups and downs in Argentina have deeply impacted on Uruguayan exports, tourism and real estate activities.
Monday, February 10th 2014 - 04:06 UTC
Uruguay and Brazil prepared to a 'two-speed' Mercosur/EU trade negotiation

Uruguay and Brazil could be prepared to go ahead with a 'two speed' trade negotiations between Mercosur and the European Union if the Argentine tariff proposal is not as ambitious as that from the rest of its members, according to Uruguayan diplomatic sources.
Saturday, February 8th 2014 - 06:35 UTC
Mercosur interested in trade integration with members of the Pacific Alliance, says Brazil

Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.
Friday, February 7th 2014 - 06:59 UTC
Falklands trip by Uruguayan lawmakers condemned by Argentine embassy

The Argentine embassy in Montevideo through a “Forum Malvinas Uruguay” release “totally rejected” the decision from a group of Uruguayan lawmakers, representing all parties in parliament, accepting an invitation from the British embassy to visit the Falkland Islands.
Thursday, February 6th 2014 - 04:42 UTC
Uruguay 12-month inflation in January soars to 9.10%, as energy rebate ceases

Consumer prices in Uruguay during January soared 2.44%, according to the latest release from the stats office, INE, and the highest percentage since 2002. This means accumulated inflation in the last twelve months reached 9,10%, compared to the 8.52% for the twelve months of 2013.
Tuesday, February 4th 2014 - 08:56 UTC
China became Uruguay's main trade partner in 2013

China became Uruguay's main trade partner in 2013 totaling 20.9% of all trade according to the latest stats from the Central bank. This leaves China three percentage points ahead of Brazil, 18.8% (traditionally the main partner) and almost four ahead of Argentina with 18.1%.