Uruguay

• Thursday, August 2nd 2012 - 06:25 UTC

  Uruguay industries lobby questions the growing “political” predominance in Mercosur

  

  The ‘new’ Mercosur with Venezuela as a full member reinforces the regional block as a forum of ‘political understanding’ and no longer as an integration process ruled by international law.

• Wednesday, August 1st 2012 - 08:08 UTC

  Dilma welcomes President Chavez to the world’s fifth economy

  

  Brazilian president DIlma Rousseff said that with the incorporation of Venezuela, Mercosur has become a global power in food and energy and becomes the fifth world economy with a GDP of 3.3tn dollars.

• Wednesday, August 1st 2012 - 01:24 UTC

  Uruguay and Brazil sign wide ranging accord to promote trade and political links

  

  Uruguayan president Jose Mujica and his peer Dilma Rousseff signed in Brasilia a bilateral agreement to promote the free circulation of goods and services and the strengthening of political and trade links between the two countries.

• Tuesday, July 31st 2012 - 23:19 UTC

  With Venezuela Mercosur has become “a new pole of world power”

  

  Argentine President Cristina Fernández said on Tuesday during a press conference held at the Mercosur extraordinary summit in Brasilia, that Venezuela’s entry to the bloc “strengthens the entire region” and creates a “new pole of power” at world level.

• Tuesday, July 31st 2012 - 22:22 UTC

  Second risk rating agency upgrades Uruguay to investment grade

  

  Moody's Investor Service upgraded Uruguay's sovereign ratings from Ba1 to Baa3, following Standard & Poor's upgrade announced on April.

• Tuesday, July 31st 2012 - 11:20 UTC

  Uruguay’s citrus industry hit by frosts accumulates losses of 35m dollars

  

  Uruguay estimates that the citrus industry will experience losses of 35 million dollars because of the intense frosts. The 35 million includes 12 million dollars in lost salaries and contributions to social security.

• Tuesday, July 31st 2012 - 02:05 UTC

  Uruguay expects to plant a record area of soybeans this coming season

  

  The soybean area and crop of the next harvest in Uruguay is expected to establish a new record with an additional 10% acreage, totalling over a million hectares boosted by excellent international prices and good weather prospects, according to reports from local grain and oilseed operators.

• Tuesday, July 31st 2012 - 01:58 UTC

  Increase of non resident deposits in Uruguayan banks

  

  The number of bank accounts of non residents in Uruguay climbed 14% in June compared to a year ago, --6.769 new clients--, which is higher than the increase verified for the whole number of residents and non residents, up 2%, according to Uruguay’s central bank data.

• Tuesday, July 31st 2012 - 00:54 UTC

  Uruguay and NOAA work in programs to track sharks and sea turtles

  

  Uruguay with the help of the US National Oceanic and Atmospheric Administration (NOAA) is becoming a pioneer in the marking and tracking of sharks and turtles in the western South Atlantic, which allows to establish migrating routes and other valuable data for the protection of these species.

• Monday, July 30th 2012 - 19:51 UTC

  Argentina again manages to delay the dredging of a shared canal with Uruguay

  

  Uruguayan president Jose Mujica said on Monday it “is not useful” for foreign ministries to publicly exchange letters following Argentina’s latest message accusing Uruguay of not collaborating in exposing claims of alleged bribes involving the works planned for the widening and deep-dredging of the River Plate access canal Martin Garcia.