Uruguay

• Thursday, April 26th 2012 - 01:23 UTC

  YPF dispute has meant a “disruption of trust” between the EU and Mercosur

  

  European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.

• Wednesday, April 25th 2012 - 06:41 UTC

  Fitch upgrades rating outlook to positive; warnings about Argentina and inflation

  

  Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.

• Wednesday, April 25th 2012 - 06:21 UTC

  Uruguay and Argentina reach agreement on tax information exchange

  

  Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.

• Tuesday, April 24th 2012 - 03:50 UTC

  Former Beatle Paul breaks all records in Uruguay including with the taxman

  

  Former Beatle Paul McCartney paid almost 2.3 million dollars in national and municipal taxes during his only performance in Uruguay last April 15, which was considered by far the most spectacular concert in recent times in the country.

• Saturday, April 21st 2012 - 07:31 UTC

  Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

  

  Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.

• Saturday, April 21st 2012 - 06:57 UTC

  Uruguay and Brazil agree to jointly develop and expand wind power

  

  Uruguay and Brazil agreed this week to jointly set up a 100MW wind farm in Uruguayan territory demanding an investment of 200 million dollars and which should become operational by 2013.

• Thursday, April 19th 2012 - 23:26 UTC

  Brazilian polar vessel vistis Montevideo at the end of her Antarctic tour

  

  The Brazilian navy polar research vessel “Almirante Maximiano” at the end of its XXXth Antarctic operation, Operantar, arrived on Thursday at Montevideo to take fuel, supplies and exchange experiences with Uruguayan officers.

• Thursday, April 19th 2012 - 22:12 UTC

  London mayoral candidate for the British National party is a Uruguayan national

  

  The British National Party confounded expectations by fielding a Uruguayan national, Carlos Cortiglia, as its candidate for London mayor. Mr Cortiglia moved to the UK in 1989 and has lived and worked in London ever since.

• Thursday, April 19th 2012 - 20:28 UTC

  South Georgia stranded cruise passengers en route to Montevideo on rescue vessel

  

  Dutch Oceanwide Expeditions reported that 74 passengers and 21 crew members from the Antarctic expedition cruise ship MV Plancius , stranded in South Georgia have been transferred to a rescue ship and are on their way to Montevideo.

• Wednesday, April 18th 2012 - 22:22 UTC

  Uruguay’s Mujica supports Argentina in the YPF dispute, but opposition blasts the president

  

  Uruguayan president Jose Mujica expressed solidarity with the Argentine government decision to nationalize the oil company YPF belonging to Spain’s Repsol and said he does not like the “arrogance of rich Europe”. His position however was strongly criticized by the opposition.