Uruguay

• Monday, January 30th 2012 - 09:45 UTC

  Chile, Brazil and Uruguay among the world’s leading exporters of wood chips

  

  Wood chip exports from Latin America are on track to reach a record high of almost eight million tons in 2011, reports the Wood Resource Quarterly. This would be an increase of 7% from last year and of almost 60% higher than in 2006.

• Monday, January 30th 2012 - 07:14 UTC

  Mercosur is stalled: nobody comes knocking on the door, says Mujica

  

  Uruguay's President José Mujica said that Mercosur bloc is “stalled” and has no natural institutional operation to push other countries to express their willingness to enter it plus lacking the fluidity of a natural relationship.

• Friday, January 27th 2012 - 11:05 UTC

  Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade

  

  Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.

• Thursday, January 26th 2012 - 19:05 UTC

  HMS Protector reaches Antarctica, visits Uruguayan and Argentine bases

  

  HMS Protector, the Royal Navy's new ice patrol ship, has arrived in Antarctica for the first time after her long sail south from Portsmouth. Her arrival, via Montevideo in Uruguay, coincided with the centenary of the Royal Navy's Captain Scott reaching the South Pole.

• Tuesday, January 24th 2012 - 04:05 UTC

  Uruguay expanded 6% in 2011 and fiscal deficit dropped to 0.8% of GDP

  

  Finance Minister Fernando Lorenzo said that Uruguay’s economy in 2011 expanded an estimated 6%, the ninth year running of sustained growth, and the budget fiscal deficit was 0.8% of GDP.

• Monday, January 23rd 2012 - 04:32 UTC

  Uruguay’s government and private sector disagree on number of tourists arrived

  

  The number of tourists arriving in Uruguay this summer season has erupted into an open controversy between the government and tourism operators who question the official stats release of the first fifteen days of January.

• Monday, January 23rd 2012 - 04:21 UTC

  Uruguay’s main residential seaside resort under siege by real estate speculators

  

  The leading residential seaside resort in Uruguay which has made the reviews of some of the most significant world magazines because of its village spirit, excellent beaches and easy going environment but also with some of the best restaurants and art galleries in the country is threatened by speculators.

• Thursday, January 19th 2012 - 06:03 UTC

  “To all effects” Venezuela is fully integrated to Mercosur, says Uruguay

  

  “In practical terms Venezuela if fully integrated to Mercosur” said Uruguayan Foreign Affairs minister Luis Almagro during a meeting this week with foreign correspondents.

• Thursday, January 19th 2012 - 06:00 UTC

  Trade balance with Argentina is ‘definitively positive’ says Uruguayan minister

  

  Uruguayan Foreign Minister Luis Almagro said that the trade balance between Uruguay and Argentina is “definitely positive” although admitting some manufacturing sectors face difficulties because of the current Argentine obstructions to imports.

• Wednesday, January 18th 2012 - 16:46 UTC

  Uruguay’s economy minister, second best in the region for two years running

  

  The Economy ministers from Colombia, Uruguay and Peru have been rated as the best in Latin America according to the financial magazine America Economica, a publication from the Chilean company Nanbei which does the annual survey based on interviews with 70 Latin American economists.