Uruguay

• Thursday, May 12th 2011 - 06:02 UTC

  Uruguay raises banks reserve requirements to contain inflation

  

  In an effort to contain inflation and cool an overheated economy Uruguay will raise reserve requirements for banks “given the domestic prices increase and the international context” advanced Central Bank president Mario Bergara.

• Friday, May 6th 2011 - 06:29 UTC

  FDI in Uruguay has soared in last five years and reached 1.6 billion USD in 2010

  

  Foreign direct investment, FDI, in Uruguay during 2010 reached 1.627 billion US dollars which represents a 29% increase over 2009 and puts the country among the top six FDI recipients in South America and eighth in the region, according to the latest report from the UN Economic Commission for Latin America and the Caribbean, ECLAC.

• Friday, May 6th 2011 - 00:14 UTC

  Uruguay and United Arab Emirates sign an open skies agreement

  

  A visiting delegation from the United Arab Emirates, UAE, signed this week an ‘open skies’ air services agreement with Uruguay.

• Friday, May 6th 2011 - 00:10 UTC

  Uruguayan inflation eases in April but still is almost double the annual target

  

  Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.

• Wednesday, May 4th 2011 - 18:32 UTC

  Montevideo apartment prices surged 22% over the year, says Global Property Guide

  

  With Uruguay’s economy growing at 8.5% in 2010 and managing to skip the 2009 slowdown with a 2.86% expansion, the housing market in the capital Montevideo is going through an excellent moment according to Global Property Guide based on info from local appraisers.

• Tuesday, May 3rd 2011 - 08:22 UTC

  Uruguay: overturning amnesty law could cost ruling coalition ‘dearly’

  

  Uruguayan Vice-president Danilo Astori acknowledged that overturning the “Expired Crimes” or amnesty bill for human rights violators during the military dictatorship (1973/1985) could cost the ruling coalition ‘dearly’ and said he voted following ‘party discipline’.

• Friday, April 29th 2011 - 05:10 UTC

  French Navy state of the art space tracking floating lab calls in Montevideo

  

  A French navy vessel equipped with state of the art systems for tracking missile launchings and other space objects called in Montevideo as part of its tour of the South Atlantic.

• Thursday, April 28th 2011 - 18:48 UTC

  EU report quantifies losses for farmers from a trade accord with Mercosur

  

  A week before the next round of negotiations for an ambitious association and trade agreement between the European Union and Mercosur, a paper from the EU Joint Research Study centre, JRS, quantifies the alleged losses of such a deal for European farmers.

• Thursday, April 28th 2011 - 02:41 UTC

  Chilean and Finnish companies confirm second pulp mill in Uruguay

  

  Chilean fuel and forestry conglomerate Empresas Copec SA will invest a record 1.2 billion US dollars this year, company president Roberto Angelini said on Wednesday, according to local newswire Valor Futuro.

• Thursday, April 28th 2011 - 02:38 UTC

  Indian minister visits Uruguay and Argentina to promote trade with Mercosur

  

  A top level Indian business delegation headed by Minister of state for Commerce and Industry Jyotiraditya Scindia is travelling to Argentina and Uruguay to boost ties with Mercosur, according to the Indo-Asian news agency.