Uruguay

• Tuesday, January 8th 2013 - 00:04 UTC

  Uruguay wants to become one of the world’s leading wind power producers

  

  The Uruguayan government has set its sights on becoming one of the world's leading wind power producers as part of plans to produce 90% of its electricity from renewable sources by 2015, although much of the plan is still on the drawing board.

• Saturday, January 5th 2013 - 05:59 UTC

  Lowering the price of power, Uruguay ends 2012 with an inflation of 7.48%

  

  Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%.

• Thursday, January 3rd 2013 - 15:46 UTC

  Uruguay exports in 2012 reach 8.7bn dollars, a new numerical record

  

  Uruguay exports increased 9% last year over 2011 reaching 8.751 billion dollars a numerical historic record according to the primary figures released by the Instituto Uruguay XXI, a government funded organization to promote foreign trade. Soybeans, beef and rice remain as Uruguay’s main export items.

• Thursday, January 3rd 2013 - 06:02 UTC

  Record purchase of US dollars to keep Uruguayan Peso from further appreciation

  

  Uruguay’s Central bank on Wednesday made its largest purchase of US dollars on record totalling 120 million dollars following on the bank’s monetary committee decision in the last week of 2012 to increase the basic rate to 9.25% as the country struggles to contain inflation.

• Thursday, January 3rd 2013 - 00:40 UTC

  Uruguayan president believes Argentine economy “can’t remain closed much longer”

  

  President Jose Mujica anticipated that the Argentine economy can’t remain ‘closed for much more time’ (protectionist) and forecasted that 2013 will be a ‘clear year’ for Uruguay regarding economic issues.

• Saturday, December 29th 2012 - 04:07 UTC

  Uruguay raises basic rate to 9.25%: “inflation the key risk of the economy”

  

  Uruguay’s Central bank raised its benchmark interest rate on Friday for the second time this year as policy makers struggle to bring inflation into the government’s target range. The IMF and local economists have warned about the need to “tackle inflation”, particularly since the budget’s fiscal deficit has soared in just twelve months from 0.4% of GDP to over 3% of GDP.

• Thursday, December 27th 2012 - 02:38 UTC

  “Uruguay needs leaders in government, not demagogues” says transport businessman

  

  The country “needs leaders in government, not demagogues” said Juan Carlos López Mena a leading businessman of Uruguay’s tourism and transport industry who is also investing heavily in agriculture and an incipient regional airline.

• Saturday, December 22nd 2012 - 20:07 UTC

  Uruguayan famous striker holds football training camp in the Falklands

  

  Footballers both young and old, in the Falkland Islands have had the opportunity and rare privilege this last week of being coached by one of the game’s legends.

• Thursday, December 20th 2012 - 20:38 UTC

  Uruguay diversifies energy mix with 530 MW combined-cycle-gas-power plant

  

  The Inter-American Development Bank (IDB) has approved a loan for 200 million dollars to Uruguay to help finance the construction of a 530 MW combined-cycle gas power plant to help diversify the country's energy mix in an environmentally sustainable manner.

• Wednesday, December 19th 2012 - 19:34 UTC

  State of the art dairy farm in Uruguay with 8.000 milking cows and self generating power

  

  A state of the art dairy farm with 8.000 milking cows that will export powder milk, create 300 qualified jobs and generate its own energy from the animals’ dung is scheduled to open its first phase next April in Durazno, Uruguay.