Uruguay

• Friday, May 17th 2013 - 06:26 UTC

  Uruguay’s José Mujica lauds booming Brazil ties

  

  By Jude Webber in Montevideo - The Financial Times has published a piece on Uruguayan president Jose Mujica and his view on the future and his government’s policy towards two powerful neighbors, Argentina and Brazil.

• Wednesday, May 15th 2013 - 07:24 UTC

  Uruguay awards French company contract for 1.2bn dollars re-gasification plant

  

  Uruguay awarded French gas and power group GDF Suez SA a contract to build a liquefied natural gas (LNG) re-gasification plant at an estimated cost of 1.125 billion dollars, the government said on Tuesday.

• Friday, May 10th 2013 - 07:13 UTC

  Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

  

  The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”

• Friday, May 10th 2013 - 06:30 UTC

  Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics

  

  Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.

• Friday, May 10th 2013 - 06:05 UTC

  Peru promoting Unasur summit to address Venezuela’s political situation

  

  Peru which currently holds the chair of Unasur, Union of South American Nations is promoting a new meeting of country members’ heads of state to address the political situation in Venezuela, Foreign minister Rafael Roncagliolo said on Thursday.

• Thursday, May 9th 2013 - 05:25 UTC

  Maduro says he is a ‘Kirchnerite president’ and Venezuela’s ‘second Peronist president’

  

  President Nicolas Maduro said he was a ‘Kirchnerite president’ and the ‘second Peronist president’ of Venezuela during a political rally with Argentine trade unions and militant groups in a packed Buenos Aires stadium to recall the figures of the deceased Hugo Chavez and Nestor Kirchner.

• Thursday, May 9th 2013 - 05:19 UTC

  Timerman corrects Astori: relations with Uruguay are going through ‘a good moment’

  

  Argentine Foreign minister Hector Timerman said that relations with Uruguay are going through “a good moment”, contrary to recent statements from Uruguayan Vice-president Danilo Astori, and described as ‘false’ the information that two Falklands’ flagged fishing vessels had called into Uruguayan ports.

• Wednesday, May 8th 2013 - 09:56 UTC

  Maduro promises Uruguay permanent supply of oil and full Mercosur commitment

  

  President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.

• Wednesday, May 8th 2013 - 09:19 UTC

  Uruguay’s inflation in April eased for third month running, but remains above target

  

  Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.

• Monday, May 6th 2013 - 00:54 UTC

  Mujica wants to meet Pope Francis: social programs, housing and abortion in the agenda

  

  Uruguay has formally requested Pope Francis to receive President Jose Mujica when he travels at the end of the month to China, Spain and Italy. Mujica is an agnostic and Uruguay is one of the few Latinamerican countries in which the Catholic Church has been separated from the State for almost a century.