
Uruguay’s central bank said that consumer prices, excluding the most volatile items, have increased almost 11% in the last twelve months to September. Fresh fruit and vegetables, cigarettes and public utility rates are considered ‘volatile prices’.

The Council of Europe is promoting international co-operation in the field of personal data protection, in particular by encouraging non member states to ratify the Convention for the protection of individuals with regard to Automatic Processing of Personal Data, also known as Convention 108. Uruguay has started the process for its ratification and therefore may become the first non-Council of Europe member state to accede to the convention.

Australia’s Petrel Energy is getting involved in Uruguay after taking a stake in a private US player which also gives it a presence in Spain. The Sydney-based explorer said its 25% stake in Schuepach Energy International (SEI) gives the company a shot at unearthing “company-making” large scale oil and gas discoveries.

The Brazilian Foreign ministry revealed in a brief release that during October discussions between Mercosur and the European Union representatives both sides “confirmed their commitment to advance negotiations to achieve a wide ranging, balanced and ambitious agreement”.

Panama was the country with the greatest increase in per capita GDP in the last five years, followed by Uruguay, Peru, Dominican Republic and Chile according to a report from the digital publication Latinvex.

Uruguay’s tenure of Mercosur rotating chair will be advanced six months meaning that at the coming summit in December Brazil will hand over the next six-month responsibility to the administration of President Jose Mujica, thus skipping Paraguay which remains suspended from the South American trade group.

Uruguay's Congress voted narrowly to decriminalize abortion under certain circumstances, mainly during the first 12 weeks of pregnancy. The Senate voted 17 to 14 in favour of the controversial bill, which was passed by the lower house last month after 14 hours of debate. President Jose Mujica said he would sign the bill into law.

Brazil's deeper-than-expected economic slowdown is amplifying the deceleration already being experienced by Argentina and Uruguay as a result of the global slowdown, according to a new Fitch Ratings report.

Uruguayan supermarkets pledged to help the government of President Jose Mujica to keep inflation below 10% at the end of the year even when in the first nine months of the year it reached 8.64%.

Foreign minister Jose Felix Fernandez Estigarribia confirmed the beginning of negotiations for the re-incorporation of Paraguay to Unasur and Mercosur which will take place through the mediation of a Latinamerican country he did not identify.