Uruguay

• Thursday, September 12th 2013 - 02:01 UTC

  Second pulp mill in Uruguay delays beginning production until next year

  

  The second pulp mill in Uruguay, Montes del Plata is not expected to begin operations until the first half of next year, according to the latest reports from the same corporation which is an association of Chile’s Copec and Finland’s Stora Enso.

• Thursday, September 12th 2013 - 01:14 UTC

  Latam trade and growth reflects the weak global economy says Eclac

  

  The foreign trade performance of Latin America and the Caribbean reflects the weak global economy. Regional export values are expected to grow by just 1.5% in 2013 (3% in volumes and -1.5% in prices) - which is similar to the 1.4% growth observed in 2012.

• Wednesday, September 11th 2013 - 22:02 UTC

  ”If Brazil devalues, Uruguay will follow”, President Mujica tells farmers

  

  President Jose Mujica said that Uruguay is ‘aligned’ with Brazil in economic policy, and if the government of President Dilma Rousseff decides to devalue its currency, “Uruguay will follow” and as Brazil, “Uruguay is not satisfied with the functioning of Mercosur”.

• Tuesday, September 10th 2013 - 19:49 UTC

  Argentina ‘inflexible’ on Uruguayan pulp mill expansion; Cristina and Mujica could meet in New York

  

  Argentina promised to be ‘inflexible” with the UPM pulp mill on Uruguayan territory, if it tries to increase production as it has requested, thus again opening a new controversy with Uruguay which has pledged to answer the (2011) expansion request in the last week of September. Presidents Cristina Fernandez and Jose Mujica are scheduled to meet in Buenos Aires at the end of the month.

• Monday, September 9th 2013 - 02:36 UTC

  Argentina, Uruguay and Venezuela fall dramatically in WEF Competitiveness ranking

  

  The World Economic Forum Competitiveness report published last week shows Latinamerica is loosing ground in the world economy and the three countries which most plunged in the ranking in the last twelve months were: Venezuela, Argentina and Uruguay.

• Friday, September 6th 2013 - 02:00 UTC

  Mujica confirms: no intention of irritating Argentina on pulp mills’ controversy

  

  Uruguay’ President Jose Mujica said the decision authorizing a possible expansion, or not, of the UPM/Botnia pulp mill is closely linked to Argentina and the construction of a third plant along an inside Uruguayan river and not a shared one as is the case now.

• Thursday, September 5th 2013 - 03:53 UTC

  Argentine politicians warn Uruguay on possible expansion of pulp mill production capacity

  

  The bilateral conflict between Argentina and Uruguay over the UPM/Botnia pulp mill, on the Uruguayan side of the Uruguay River is once again leading to tension between the two neighbours amid reports that the plant’s Finnish owners plan to increase production from 1.1 to 1.3 million tons of cellulose paste per year.

• Thursday, September 5th 2013 - 03:35 UTC

  Falklands’ lawmaker has full round of political and business contacts in Uruguay

  

  “We have come for people-to-people contacts, to talk about business opportunities and for the resumption of the close and historic links between the Falkland Islands and Uruguay”, repeated Falklands’ lawmaker Dick Sawle during one of his many presentations in Montevideo.

• Wednesday, September 4th 2013 - 00:36 UTC

  Food, education and healthcare rising prices keep Uruguay’s inflation out of target

  

  Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE.

• Monday, September 2nd 2013 - 20:02 UTC

  Uruguay no longer a magnet for Argentine funds looking for real estate investments

  

  Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.