Uruguay

• Friday, February 8th 2013 - 00:30 UTC

  Air France returns to Uruguay as of next April with five flights a week

  

  Uruguay seems to be recovering its air connectivity after a rough year that saw the closing down of its flag air carrier Pluna, and the announcement by Spanish airline Iberia that it will cease flights between Montevideo and Madrid as of next April. Iberia is the only European airline currently calling in Uruguay.

• Friday, February 8th 2013 - 00:19 UTC

  Uruguay Malvinas Forum will celebrate anniversary blasting March referendum

  

  This Friday the Malvinas Forum, chapter Uruguay will be celebrating its first anniversary and is expected to announce a statement strongly rejecting the coming referendum in the Falklands on the Islands political status which is scheduled for March 10/11. The meeting will be held in Maldonado where it was originally launched.

• Wednesday, February 6th 2013 - 21:53 UTC

  Uruguay promotes a free trade agreement of Mercosur with Canada

  

  Foreign minister Luis Almagro announced that Uruguay will work for a free trade agreement between Mercosur and Canada during the first half of the year when Uruguay holds the chair of the South American group that also includes Argentina, Brazil, Paraguay and Venezuela.

• 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%.