Uruguay

• 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.

• Monday, May 6th 2013 - 00:34 UTC

  Uruguayans on average have to work 128 days a year to pay their taxes

  

  Uruguayans on average work 128 days, over a third of the year to pay taxes, according to a report from a local lobby group based on the “Tax-free day” which supposedly marks the end of the time dedicated to contribute to the treasury.

• Monday, May 6th 2013 - 00:28 UTC

  Maduro visits Uruguay on his first overseas trip since becoming elected president

  

  Venezuelan president Nicolas Maduro begins next Tuesday an official one visit to Uruguay when he will be meeting with head of state Jose Mujica and former president Tabare Vazquez.On Wednesday he plans to fly to Argentina and the following day, Brazil.

• Saturday, May 4th 2013 - 10:03 UTC

  Uruguay admits trade and economic relations with Argentina ‘couldn’t be worse’

  

  Vice-president Danilo Astori admitted on Friday that economic-trade relations with Argentina continue to deteriorate and seriously question Mercosur and Uruguay must therefore speed the search for other alternatives.

• Thursday, May 2nd 2013 - 08:03 UTC

  Where is Uruguay’s economy headed?

  

  Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.

• Wednesday, May 1st 2013 - 02:18 UTC

  Unpleasant surprises for the Uruguayan economy predicts a US financial group

  

  A serious deterioration is taking place under the surface of the Uruguayan economy and when the current inflow of foreign capital reverts, the country is going to suffer unpleasant shocks with a strong rise in the price of the US dollar and an increase in inflation, according to a report from the US based BCP Securities.

• Wednesday, May 1st 2013 - 00:33 UTC

  Uruguay’s Figueredo replaces Leoz as president of CONMEBOL until 2015

  

  Uruguay’s Eugenio Figueredo was officially appointed president of the South American Football Confederation (CONMEBOL) in succession to Nicolas Leoz on Tuesday. He is the third Uruguayan to occupy the post.