Uruguay

• Tuesday, September 6th 2011 - 06:24 UTC

  Colombia’s largest retailer launches stock sale to fund expansion in Uruguay

  

  Colombia's largest retailer Almacenes Exito SA launched a 2.5 trillion peso (1.4 billion dollars) stock sale for local and foreign investors Monday, the proceeds of which will be used to expand into Uruguay and elsewhere.

• Saturday, September 3rd 2011 - 08:25 UTC

  Consumer inflation in Uruguay slows but is still above annual target

  

  Uruguay’s consumer price index in August was 0.56%, the lowest increase since the same month in 2005 helping to bring down the twelve-month index to 7.57% from 8.25% and giving the government a relief.

• Saturday, September 3rd 2011 - 07:51 UTC

  Uruguay oil company announces exploratory drilling inland with own resources

  

  Uruguay’ government owned oil corporation ANCAP said on Friday it had begun exploratory drilling inland with its own resources. The announcement was done during the presentation of the II Uruguay Round to tender offshore exploratory blocks which has attracted interest from several regional and international corporations.

• Saturday, September 3rd 2011 - 07:47 UTC

  Supreme Court ratifies 25-year jail sentence for former dictator General Alvarez

  

  Uruguay’s Supreme Court ratified Friday the 25 year jail sentence for former military dictator General Gregorio Alvarez and for former naval officer Juan Carlos Larcebau found guilty of in 37 and 29 homicide cases, respectively, committed during the military regime from 1973 to 1985.

• Friday, September 2nd 2011 - 22:22 UTC

  Squid season over in the Argentina/Uruguay common fishing zone

  

  The Argentine/Uruguay Joint Technical Commission for Maritime Front (CTMFM) ordered on Wednesday 31 August the closure of the squid (Illex argentinus) fishing season in the Common Fishing Zone.

• Tuesday, August 30th 2011 - 03:53 UTC

  Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo

  

  Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.

• Friday, August 26th 2011 - 16:56 UTC

  Argentina blocks sale of Paraguayan power to Uruguay

  

  “Argentina wants to charge 49 dollars per KW of power transferred from Paraguay to Uruguay, which is five times what it charges Brazil” claims Paraguayan Vice President Federico Franco who described the pretension as “inadmissible and preposterous”.

• Thursday, August 25th 2011 - 00:34 UTC

  Uruguay expects smallest wool clip in over a hundred years: 32 million kilos

  

  Uruguay is facing its smallest clip in over a hundred years and the 2011/2012 season’s wool production is estimated to be limited to 32 million kilos according to Joaquin Martinicorena, president of the Uruguay’s Wool Secretariat, SUL.

• Thursday, August 25th 2011 - 00:09 UTC

  Uruguay’s textile industry could have to import 20 million kilos of wool

  

  Uruguay’s textile industry is short of wool and could be forced to import up to 20 million kilos, revealed Uruguayan Wool Secretariat (SUL) CEO Gabriel Capurro during the opening of an ovine industry seminar, organized by the country’s Corriedale breeders association.

• Tuesday, August 23rd 2011 - 04:12 UTC

  Argentina says the pulp mill conflict with Uruguay is over and ‘buried’

  

  Diplomatic relations between Argentina and Uruguay are going through “a very good moment, which can obviously be improved”, but there are “no open conflicts” because the dispute over the Botnia pulp mill has been definitively “buried”, said Argentine Foreign Affairs minister Hector Timerman.