A major Brazilian dairy corporation, Laticinios Bom Gosto will begin to build its affiliate in Uruguay next May to produce powder milk and butter mainly for the Brazilian market.
The head of Argentina’s powerful trade union confederation (CGT), teamster Hugo Moyano strongly denied Thursday that his union had plans to purchase a hotel in the Uruguayan posh sea side resort of Punta del Este.
Uruguay’s president-elect Jose Mujica said that the long standing conflict over the Botnia pulp mill, which has soured relations with neighbouring Argentina, will inevitably be solved but he will only be meeting with Argentine authorities and not with the pickets who are blocking bridges leading to Uruguay.
Uruguayan Vice-president elect Danilo Astori said that the institutional-financial “solidness” of the country makes it virtually “impossible” a repeat of the current confrontation between the Argentine government and the Central bank.
Uruguay had a very good tourist year in 2009 when the number of visitors climbed to 2.1 million and income reached 1.5 billion US dollars which is considered a record, according to Tourism Minister Hector Lescano.
Argentines disenchanted with their current government are taking their savings to refuge in neighbouring Uruguay where deposits of non residents have soared 20% during 2009, according to primary estimates from the Central Bank.
Spain’s research vessel “Miguel Oliver” set off from Montevideo for a joint scientific cruise with Uruguayan experts with the purpose of surveying Uruguay’s Exclusive Economic Zone, EEZ. The research includes chartering the area and surveying ocean conditions in the sea bed.
Uruguayan president elect Jose Mujica said there is no solution out there for the situation of the Finnish paper mill Botnia, but we are willing to improve the relationship between both countries.
Uruguay’s inflation in 2009 was on target, 5.9%, but nevertheless it was the highest in Latinamerica behind Venezuela, Jamaica and Argentina, according to data from Uruguay’s central bank. Overall the global slowdown impacted on the region with lower inflation rates.
Uruguayan president elect Jose Mujica travelled Tuesday to Buenos Aires to hold a meeting with her Argentine peer Cristina Fernandez de Kirchner and other officials, confirming his promise that “we need a healthy and strong relation with Argentina”.