Uruguay

• Tuesday, October 25th 2011 - 19:45 UTC

  Crises in the US and Spain have Uruguayans returning in growing numbers

  

  Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.

• Tuesday, October 25th 2011 - 18:50 UTC

  EIU expects higher inflation in Uruguay as government tries to spur growth

  

  The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.

• Monday, October 24th 2011 - 06:41 UTC

  Philip Morris shuts down plant in Uruguay because of anti-smoking policies

  

  The US tobacco giant Philip Morris said on Friday it shut down its plant in Uruguay because the country's anti-smoking policies make business unprofitable.

• Saturday, October 22nd 2011 - 04:24 UTC

  Booming regional dairy industry will meet in Uruguay to talk expansion plans

  

  The Pan-American Milk Federation, Frepale, is scheduled to meet in Uruguay next November 15/17 to celebrate its twentieth anniversary. The federation, the strongest in the region chose Punta del Este for the event because it was here that it was born two decades ago.

• Saturday, October 22nd 2011 - 00:43 UTC

  Mercosur and EU will be ready to exchange trade proposals ‘in June 2012’

  

  Mercosur and the European Union are committed to presenting their proposals with list of products for a free trade agreement in June 2012, announced on Friday Uruguay’s Foreign Affaire minister Luis Almagro.

• Friday, October 21st 2011 - 08:35 UTC

  In Uruguay we have learnt to bury the old economic paradigms, says Mujica

  

  Uruguay’s strategy is to attract foreign private investors and offer the necessary guarantees to develop their business, said President Jose Mujica in a brief summary of his ten day European visit of four countries and the headquarters of the European Union in Brussels.

• Friday, October 21st 2011 - 07:51 UTC

  Uruguay satisfied with oil corporations’ interest in exploring in its maritime shelf

  

  At least ten first line oil and gas corporations expressed interest in the road show set up by Uruguay in Houston to promote hydrocarbons exploration on its continental shelf, according to one of the Directors of the country’s fuels company Ancap.

• Friday, October 21st 2011 - 07:41 UTC

  Uruguay and EC committed to advance with the EU/Mercosur association accord

  

  Uruguay and the European Commission agreed on the importance of promoting economic and investment relations and ratified their commitment to advance negotiations for a Mercosur/EU wide ranging trade and association agreement that is “integral, balanced and ambitious”.

• Thursday, October 20th 2011 - 00:10 UTC

  Argentina, Brazil and Mexico attempt to harmonize positions ahead of G20

  

  Argentina, Brazil and Mexico meeting in Uruguay ahead of the G-20 summit in France next November, agreed to demand a greater role for the region in global affairs and in helping to resolve the global economic crisis.

• Wednesday, October 19th 2011 - 07:27 UTC

  Germany committed to an EU/Mercosur trade agreement said Merkel

  

  The European Union will seek to further discussions over a trade deal with Mercosur at the upcoming G20 summit in Cannes in November announced on Tuesday German Chancellor Angela Merkel alongside visiting Uruguayan president Jose Mujica.