Uruguay

• Friday, April 1st 2011 - 17:51 UTC

  Uruguay’s government debt up 5.9% in 2010 but down to 57.9% of GDP

  

  Uruguay’s government debt increased both in gross and net terms in 2010, although at a slower rate than in 2009. Overall the debt increased 5.9% (1.3 billion US dollars) totalling 23.185 billion USD which is equivalent to 57.6% of GDP, according to the latest release from the central bank.

• Friday, April 1st 2011 - 01:54 UTC

  Mujica: we need Venezuela in Mercosur “to help balance the group”

  

  Uruguayan president Jose Mujica promised his peer Hugo Chavez he would press strongly for Venezuela’s incorporation as full member of Mercosur because this will help balance the group.

• Friday, April 1st 2011 - 01:31 UTC

  Uruguay’s two main challenges: infrastructure and education

  

  Two are the main challenges faced by Uruguay to ensure sustained economic growth and to improve inequalities: infrastructure and education, and one main danger, self complacency.

• Thursday, March 31st 2011 - 14:11 UTC

  Uruguay’s wholesale prices soared 10.82% in the first quarter of 2011

  

  Uruguay’s wholesale prices soared in March for the third month running reaching 4.42%, the highest since 2010, reports the country’s Statistics Institute, INE.

• Thursday, March 31st 2011 - 14:06 UTC

  Foreign direct investment in Uruguay recovers in 2010: up 28% from 2009

  

  Foreign direct investment in Uruguay reached 1.6 billion US dollars in 2010, up 28% from 2009, according to the fourth quarter Balance of Payments report released this week by the country’s Central bank.

• Thursday, March 31st 2011 - 14:00 UTC

  Chavez warns: if capitalism returns to Venezuela, it’s the end of oil cooperation

  

  President Hugo Chavez confirmed he would run for re-election in 2012 and made a strong call for regional unity warning that “if capitalism returns to Venezuela” it would mark the end of oil cooperation.

• Thursday, March 31st 2011 - 07:38 UTC

  Chavez blasts alliance bombing Libya; signs agreements with Uruguay

  

  Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.

• Wednesday, March 30th 2011 - 05:25 UTC

  Israel concerned with Uruguay’s position in an Israeli/Palestinian forum

  

  Israel will follow with a critical eye the United Nations organized forum on the Israel-Palestine conflict which opened Tuesday in Montevideo, because whatever the results, the Israeli government is ‘particularly interested in the Uruguayan government’s position’.

• Wednesday, March 30th 2011 - 05:17 UTC

  Uruguay’s farmland price jumped eight times from 2002 to 2010

  

  The number of farmland transactions and the price per hectare were up in Uruguay during 2010 according to a release from Uruguay’s Agriculture and Livestock Ministry Statistics Department, DIEA.

• Monday, March 28th 2011 - 01:27 UTC

  Lula da Silva says Latin America’s left is a model for developed countries

  

  Brazilian former president Lula da Silva underlined the significance of Latin America’s left and its responsibility as a model for developed countries in crisis, during a political rally in Montevideo to celebrate the fortieth anniversary of the Uruguayan ruling coalition, Broad Front.