Uruguay

• Tuesday, February 5th 2013 - 06:25 UTC

  January inflation in Uruguay confirms strong hike tendency

  

  Inflation in Uruguay climbed 1.9% in January totalling 8.72% in the last twelve months, according to the latest release from the government’s stats office, INE. Last year twelve month inflation reached 7.48% and for this year the government established a target of 4% to 6%.

• Friday, February 1st 2013 - 23:07 UTC

  Uruguay’s budget deficit soars to 2.8% of GDP; Minister pleads for ‘austerity’

  

  Uruguay’s budget fiscal deficit soared to 1.35 billion dollars or 2.8% of GDP last year, the highest since 2003, propped by energy costs, extraordinary one time payments and support for the recently implemented national health scheme, according to a release from the Ministry of Economy.

• Friday, February 1st 2013 - 07:38 UTC

  Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

  

  The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.

• Friday, February 1st 2013 - 07:32 UTC

  Cost of crimes against property and people in Uruguay estimated at 3.1% of GDP

  

  The cost of crimes against property and people in Uruguay in 2010 totaled at least 1.2 billion dollars, which was equivalent to 3.1% of the country’s GDP. This was the conclusion of a new study carried out at the country’s Economic Research Center by researchers Aboal Diego, Jorge Campanella, and Bibiana Lanzilotta, with the collaboration of Magdalena Dominguez and Maren Vairo.

• Saturday, January 19th 2013 - 04:30 UTC

  Tourists arriving in Uruguay dropped 14% in first weeks compared to 2012

  

  The number of tourists arriving to Uruguay in the first weeks of this summer season has dropped 14% compared to the same period a year ago, which represents 20.600 less, mostly Argentines and Brazilians, according to Benjamin Liberoff, Director of Tourism.

• Saturday, January 19th 2013 - 03:00 UTC

  Argentine car washers blame poor weather forecasting for bad business

  

  A summer brawl has surfaced in Buenos Aires between the car washers’ industry and the Argentine Meteorological service that are blamed for their poor forecasts which scares customers from the outlets.

• Thursday, January 17th 2013 - 22:02 UTC

  Uruguay’s growth estimates for this year, 3.86%, according to private estimates

  

  Private analysts lowered their forecasts for Uruguay’s GDP growth this year from an average of 4% in December to 3.86%, according to the latest monthly survey on economic expectations released by the Central Bank. Expectations for January ranged between 3.2% and 4%.

• Thursday, January 17th 2013 - 16:49 UTC

  Uruguay poised to grow 4% this year; Argentina and Brazil, 3.4%, says World Bank

  

  Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.

• Thursday, January 17th 2013 - 15:38 UTC

  Atlantic countries concerned with UK presence in Falklands; call for talks with Argentina

  

  Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.

• Saturday, January 12th 2013 - 12:00 UTC

  Twenty four South Atlantic countries meet in Uruguay to promote cooperation

  

  Twenty four countries from South America and Africa with coast on the Atlantic Ocean will be debating next week in Uruguay how to increase cooperation in several fields such as environment, charting and seabed resources exploration and fighting organized crime.