Uruguay

• 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.

• Thursday, February 10th 2011 - 06:39 UTC

  Uruguay has the highest per capita milk consumption: 230 liters annually

  

  Uruguay has the highest per capita consumption of milk in Latin America averaging between 225 and 230 liters. This compares favorably with Argentina’s 220 liters, Brazil’s 110 and Chile’s 100.

• Thursday, February 10th 2011 - 02:58 UTC

  Wind farms programmed to supply 25% of Uruguay electricity grid

  

  Uruguay intends to develop as many wind farms as its electricity grid can support, effectively diversifying its energy supply beyond hydropower and fossil fuels. At present, the country is in the process of installing 500MW of wind power projects.

• Wednesday, February 9th 2011 - 19:59 UTC

  Uruguay solid candidate for “investment grade” rating says JP Morgan

  

  Uruguay is considered a solid candidate to obtain “investment grade” given its strong economic fundamentals and these same factors make the country’s bonds issued in indexed units, UI, an attractive investment, according to a report from the investment bank JP Morgan published in the Montevideo press.

• Tuesday, February 8th 2011 - 05:17 UTC

  Mujica calls on the ruling coalition “not to kill the golden eggs hen” of investment

  

  Uruguayan president Jose Mujica called on the ruling coalition to restrain public comments on wealth distribution or re-distribution underlining that the “golden eggs’ hen” is private investment so please “don’t kill the hen”.

• Sunday, February 6th 2011 - 20:24 UTC

  Inflation in Uruguay picking up pushed by health and food prices

  

  Uruguay’s consumer prices rose in January at the fastest pace since 2008, led by higher health, food and beverages costs, according to the latest report from the National Institute of Statistics, INE.