Uruguay

• Monday, November 5th 2012 - 19:13 UTC

  Uruguay expects 243 cruise calls this season, up 9.3% over 2011/12

  

  Uruguay expects 243 calls of cruise vessels during this summer 2012/13 season (October/April) which means, if confirmed there will be a 9.3% increase over the same period in the 2011/12 season. The information published in the Uruguayan presidency web says Montevideo expects 131 calls while Punta del Este 112.

• Saturday, November 3rd 2012 - 04:20 UTC

  IMF top marks for Uruguay’s economy but beware of inflation and wage indexation

  

  An International Monetary Fund (IMF) mission headed by Ulric Erickson von Allmen visited Uruguay from October 22 to November 2 to conduct the country’s annual Article IV consultation. At the conclusion of the visit, Mr. Erickson von Allmen division chief in the IMF’s Western Hemisphere Department issued the following statement in Montevideo:

• Friday, November 2nd 2012 - 06:36 UTC

  Dollar plunges against the Uruguayan Peso in October; massive inflow of capital

  

  The US dollar suffered in Uruguay during October its greatest fall since January 2009 following on the increase of the Central bank basic rate to 9% at the end of September, which turned Uruguayan bonds far more attractive for foreign investors.

• Friday, November 2nd 2012 - 06:33 UTC

  Uruguayan central bank indicator shows inflation is close to 11% in 12 months

  

  Uruguay’s central bank said that consumer prices, excluding the most volatile items, have increased almost 11% in the last twelve months to September. Fresh fruit and vegetables, cigarettes and public utility rates are considered ‘volatile prices’.

• Wednesday, October 31st 2012 - 18:12 UTC

  Council of Europe promotes personal data protection in Latin America

  

  The Council of Europe is promoting international co-operation in the field of personal data protection, in particular by encouraging non member states to ratify the Convention for the protection of individuals with regard to Automatic Processing of Personal Data, also known as Convention 108. Uruguay has started the process for its ratification and therefore may become the first non-Council of Europe member state to accede to the convention.

• Tuesday, October 30th 2012 - 07:16 UTC

  Australia’s Petrel Energy farms in with US explorer operating onshore Uruguay

  

  Australia’s Petrel Energy is getting involved in Uruguay after taking a stake in a private US player which also gives it a presence in Spain. The Sydney-based explorer said its 25% stake in Schuepach Energy International (SEI) gives the company a shot at unearthing “company-making” large scale oil and gas discoveries.

• Monday, October 29th 2012 - 14:16 UTC

  Mercosur and EU committed to continue advancing in trade and political talks

  

  The Brazilian Foreign ministry revealed in a brief release that during October discussions between Mercosur and the European Union representatives both sides “confirmed their commitment to advance negotiations to achieve a wide ranging, balanced and ambitious agreement”.

• Wednesday, October 24th 2012 - 21:17 UTC

  Panama and Uruguay with greatest per capita GDP increase in 2008/2012, says Latinvex

  

  Panama was the country with the greatest increase in per capita GDP in the last five years, followed by Uruguay, Peru, Dominican Republic and Chile according to a report from the digital publication Latinvex.

• Monday, October 22nd 2012 - 06:27 UTC

  Mercosur to skip Paraguay in December and hand rotating chair to Uruguay

  

  Uruguay’s tenure of Mercosur rotating chair will be advanced six months meaning that at the coming summit in December Brazil will hand over the next six-month responsibility to the administration of President Jose Mujica, thus skipping Paraguay which remains suspended from the South American trade group.

• Thursday, October 18th 2012 - 00:36 UTC

  Uruguay passes bill that decriminalizes abortion under certain circumstances

  

  Uruguay's Congress voted narrowly to decriminalize abortion under certain circumstances, mainly during the first 12 weeks of pregnancy. The Senate voted 17 to 14 in favour of the controversial bill, which was passed by the lower house last month after 14 hours of debate. President Jose Mujica said he would sign the bill into law.