Uruguay

• Wednesday, December 5th 2012 - 21:08 UTC

  Uruguay exporters complain about competitiveness and cheap dollar problems

  

  President Jose Mujica admitted on Tuesday before the country’s Exporters Union lobby that Uruguay has competitiveness problems and it is ‘not an easy challenge’ but nevertheless 2012 will again be a record year for overseas sales.

• Wednesday, December 5th 2012 - 19:15 UTC

  Inflation in Uruguay remains out of target despite government efforts

  

  Uruguay’s inflation in November was over 9% in the last twelve months despite government efforts to contain it by agreeing a price freeze with leading supermarkets and having public utilities’ rates unchanged.

• Wednesday, December 5th 2012 - 05:22 UTC

  Dealing with Argentina “one of the most painful problems” admits President Mujica

  

  Uruguayan president Jose Mujica confessed that dealing with neighbouring Argentina is “one of the most painful problems” faced by his administration given the weight of the Argentine economy.

• Monday, December 3rd 2012 - 20:49 UTC

  Uruguay budget deficit trebles in twelve months and soars to 3% of GDP

  

  Uruguay’s budget deficit soared to 3% of GDP in the twelve months to the end of October, the highest since November 2003, (3.1%) when the country was recovering from the financial crisis which spilt over from Argentina. The deficit also exposes Uruguay’s precarious power generating situation.

• Friday, November 23rd 2012 - 23:20 UTC

  Mujica calls for prudence with salaries: “look at what is happening on the other side (Argentina)”

  

  Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.

• Tuesday, November 20th 2012 - 01:40 UTC

  Uruguay admits inflation is “decisively much higher” than expected

  

  Inflation is a priority and is “decisively much higher than what authorities and public opinion would like” admitted Mario Bergara, Uruguay’s Central bank president during the opening on Monday of a two-day annual economic conference.

• Thursday, November 15th 2012 - 19:00 UTC

  Uruguayan industry criticizes imports policy, labour costs and Mercosur

  

  Uruguay’ Chamber of Industries, CIU, criticized the ‘indiscriminate’ influx of foreign goods, labour costs and Mercosur, and called on government to change the focus of its policies towards manufacturing underscoring that the domestic market represents 55% of industries’ GDP.

• Thursday, November 15th 2012 - 02:08 UTC

  Uruguayan populist president Jose Mujica, as described by BBC

  

  It's a common grumble that politicians' lifestyles are far removed from those of their electorate. Not so in Uruguay. Meet the president - who lives on a ramshackle farm and gives away most of his pay.

• Tuesday, November 13th 2012 - 20:51 UTC

  Latam rapidly turning into middle class continent, says World Bank

  

  A World Bank report released Tuesday found that Latin America and the Caribbean registered a 50% jump in the number of people joining the middle class during the last decade, which was called by economists an historic achievement for a region long exposed to wealth inequality.

• Tuesday, November 13th 2012 - 00:56 UTC

  US to overtake Saudis and Russia as world’s top oil producers by 2’17, says IEA

  

  The United States is forecasted to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday. The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.