Uruguay with no oil or gas reserves has the highest fuel prices in Latinamerica, 1.35 US dollars for a liter of premium gasoline, not distant from those countries with the top values such as Holland where premium at the pump costs 1.91 US dollars a liter.
Uruguay and Argentina with the facilitating efforts of the Spanish Crown seem to have found this week in Madrid a possible way out for the deadlock over the pulp mills controversy which has soured bilateral relations between the neighboring countries.
Spain's Foreign Affairs Minister Miguel Angel Moratinos cautioned Wednesday that no big news can be expected from the first direct dialogue round between Argentina and Uruguay in Madrid regarding the controversy over the construction of a pulp mill in shared waters.
Uruguay asserted on Tuesday its dialogue spirit for the coming two days meeting in Spain where the controversial issue of the construction of pulp mills, and alleged pollution, in shared waterways will be discussed with Argentine representatives.
Uruguay has plans to improve Montevideo port facilities with the purpose of attracting the Spanish fishing fleet operating in the South Atlantic.
Uruguayan president Tabare Vazquez together with several ministers and a delegation of businessmen arrived Monday in Santiago for a two days visit to Chile with the purpose of exploring new market opportunities and export possibilities for Uruguay.
An estimated one thousand workers resumed Monday their jobs at the controversial Botnia-Orion pulp mill under construction in Fray Bentos, Uruguay, following the accidental death of a worker last week at the plant.
The controversial Botnia-Orion pulp mill under construction in Uruguay and which has caused an escalating conflict with neighboring Argentina will cease all activities for 48 hours following the death of a welder assistant crushed Tuesday in a labor accident.
While Zurich is considered the best city in the world to live in, Montevideo in Uruguay leads in Latinamerica followed by Buenos Aires and Santiago de Chile according to the Mercer Human Resource Consulting Quality of Living ranking of 215 cities taking New York as reference, with 100 points.
Uruguay sold this week 500 million US dollars in inflation-linked bonds denominated in pesos and due to mature in 2027, at a yield of 4.25% over inflation, said Economy Minister Danilo Astori.