Uruguay

• Saturday, February 19th 2011 - 06:19 UTC

  Ambitious Uruguayan trade and investment incursion to India

  

  Considered one of the most ambitious trade and investment incursions to Asia, a delegation of Uruguayan business people headed by Vice-president Danilo Astori begins Saturday a seven-day official visit to India.

• Friday, February 18th 2011 - 16:53 UTC

  “Beginning of the end for Mercosur” warn Uruguayan industrialists

  

  The chairman of the Uruguayan Chamber of Industry, Washington Burghi, warned that Argentina’s decision to restrict imports could be “the beginning of the end” for the Mercosur. However Argentine ambassador in Montevideo said decisions are targeted against Asian imports with the purpose of defending Argentine jobs.

• Thursday, February 17th 2011 - 22:30 UTC

  IMF head scheduled to visit Uruguay and Brazil next March; skips Argentina

  

  IMF Managing Director is scheduled to visit Uruguay next month where he will meet President Jose Mujica and his economic team before flying to Brazil. Dominique Strauss-Khan will arrive in Uruguay from Panama and is not scheduled to visit Argentina, according to Uruguayan government sources.

• Wednesday, February 16th 2011 - 22:39 UTC

  Uruguay’s debt rated “positive” and edging on investment grade, says DBRS

  

  Canadian credit rating agency DBRS maintained Uruguay’s debt at BB (two steps below investment grade) but elevated prospect from stable to positive. The latest release from DBRS means Uruguay in the next 6 to 12 months could advance to one step below investment grade if “current fiscal discipline is sustained and levels of debt continue the descending trend”.

• Wednesday, February 16th 2011 - 17:17 UTC

  Uruguayan goods exports mainly commodities; only 2% with high tech input

  

  An overwhelming volume of Uruguayan exports of goods in 2010, --84%-- were commodities and natural resources with some degree of manufacturing but low technological input according to the latest report from the Chamber of Industries.

• Wednesday, February 16th 2011 - 14:17 UTC

  Leading oil companies turn up at Uruguay Round II pre-bidding process

  

  Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.

• Monday, February 14th 2011 - 23:37 UTC

  Uruguay manufacturing recovered mildly in 2010: “industry is stagnant”

  

  Uruguay’s manufacturing industry expanded 4.5% in 2010, but if the pulp industry hub is excluded the percentage drops to 3.5%, according to the latest release from the National Statistics Institute, INE.

• Friday, February 11th 2011 - 20:58 UTC

  Chile and Uruguay on the path to nuclear energy, confirms AIEA

  

  Chile and Uruguay and another fifteen countries have officially presented plans to the International Atomic Energy Agency for the construction of nuclear plants, revealed AIEA following a four-day meeting on the issue in Vienna.

• Friday, February 11th 2011 - 06:45 UTC

  Tourist influx to Uruguay during January soars 40%

  

  During January (summer high season) Uruguay received 413.780 tourists, 40% more than a year ago, with the Argentines leading the inflow, according to the latest figures released by Migration Office and the Ministry of Tourism.

• Thursday, February 10th 2011 - 22:42 UTC

  “Currencies war”, new challenge for EU/Mercosur trade agreement

  

  The European Union Trade Commissioner Karen De Gucht anticipates a full trade agreement with Mercosur will be reached in a “short time” given the negotiations “unusual” speed but also cautioned about new challenges such as currencies over or under appreciation.