Uruguay

Saturday, January 5th 2013 - 05:59 UTC
Lowering the price of power, Uruguay ends 2012 with an inflation of 7.48%

Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%.
Thursday, January 3rd 2013 - 15:46 UTC
Uruguay exports in 2012 reach 8.7bn dollars, a new numerical record

Uruguay exports increased 9% last year over 2011 reaching 8.751 billion dollars a numerical historic record according to the primary figures released by the Instituto Uruguay XXI, a government funded organization to promote foreign trade. Soybeans, beef and rice remain as Uruguay’s main export items.
Thursday, January 3rd 2013 - 06:02 UTC
Record purchase of US dollars to keep Uruguayan Peso from further appreciation

Uruguay’s Central bank on Wednesday made its largest purchase of US dollars on record totalling 120 million dollars following on the bank’s monetary committee decision in the last week of 2012 to increase the basic rate to 9.25% as the country struggles to contain inflation.
Thursday, January 3rd 2013 - 00:40 UTC
Uruguayan president believes Argentine economy “can’t remain closed much longer”

President Jose Mujica anticipated that the Argentine economy can’t remain ‘closed for much more time’ (protectionist) and forecasted that 2013 will be a ‘clear year’ for Uruguay regarding economic issues.
Saturday, December 29th 2012 - 04:07 UTC
Uruguay raises basic rate to 9.25%: “inflation the key risk of the economy”

Uruguay’s Central bank raised its benchmark interest rate on Friday for the second time this year as policy makers struggle to bring inflation into the government’s target range. The IMF and local economists have warned about the need to “tackle inflation”, particularly since the budget’s fiscal deficit has soared in just twelve months from 0.4% of GDP to over 3% of GDP.
Thursday, December 27th 2012 - 02:38 UTC
“Uruguay needs leaders in government, not demagogues” says transport businessman

The country “needs leaders in government, not demagogues” said Juan Carlos López Mena a leading businessman of Uruguay’s tourism and transport industry who is also investing heavily in agriculture and an incipient regional airline.
Saturday, December 22nd 2012 - 20:07 UTC
Uruguayan famous striker holds football training camp in the Falklands

Footballers both young and old, in the Falkland Islands have had the opportunity and rare privilege this last week of being coached by one of the game’s legends.
Thursday, December 20th 2012 - 20:38 UTC
Uruguay diversifies energy mix with 530 MW combined-cycle-gas-power plant

The Inter-American Development Bank (IDB) has approved a loan for 200 million dollars to Uruguay to help finance the construction of a 530 MW combined-cycle gas power plant to help diversify the country's energy mix in an environmentally sustainable manner.
Wednesday, December 19th 2012 - 19:34 UTC
State of the art dairy farm in Uruguay with 8.000 milking cows and self generating power

A state of the art dairy farm with 8.000 milking cows that will export powder milk, create 300 qualified jobs and generate its own energy from the animals’ dung is scheduled to open its first phase next April in Durazno, Uruguay.
Monday, December 17th 2012 - 06:03 UTC
Talvi says Uruguayan government reacts with ‘authoritarian ticks” to criticism

The head of an economics think-tank said that the Uruguayan government reactions to his criticisms of the management of the country’s economy are a kind of “authoritarian tick” which pretends to censor all those who do not share the “official truths”.