Uruguay

Monday, November 15th 2010 - 18:44 UTC
Korean vessel fire frustrates Uruguay’s cruise season official launching

A fire which broke out in a Korean flagged fishing vessel docked in the port of Montevideo and which was still burning early Monday forced the suspension of the official launching of Uruguay’s cruise season.
Monday, November 15th 2010 - 18:25 UTC
Uruguay and Argentina implement “scientific” accord for joint monitoring

Uruguay and Argentina announced they had reached a final “scientific” agreement for the joint environmental monitoring of the UPM-Botnia pulp mill in shared waters and which delaying the implementation of a bilateral agreement.
Monday, November 15th 2010 - 08:25 UTC
Uruguay formalizes relation with Palestine and plans representation in Ramallah

President Jose Mujica confirmed that Uruguay recognizes the Palestinian State and announced the establishment of a representation to begin bilateral relations. The announcement was done during the sixteenth congress of Ferab, Federation of Arab entities in Latinamerica which took place in Montevideo last week.
Friday, November 12th 2010 - 18:10 UTC
Canadian bank interested in setting foot in Uruguay

Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.
Friday, November 12th 2010 - 14:12 UTC
Argentina “is a country cut in two”, cautions Uruguayan president

Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.
Thursday, November 11th 2010 - 21:07 UTC
“Scandinavian taxes, Central American services” complains Uruguayan president

Uruguay’s president Jose Mujica admitted his frustration in ruling the South American democracy because between the power of the unions and the huge state bureaucracy it virtually “impedes you from getting anything done”.
Thursday, November 11th 2010 - 01:09 UTC
Uruguayan officials with different visions how to address risk of “asset bubbles”

As in most of the rest of the world, conflicting visions of the latest global monetary events and its impact on emerging economies have surfaced among Uruguay’s top officials responsible for the running of the economy and finances.
Thursday, November 11th 2010 - 00:16 UTC
Brazilian “competitive devaluation” risk for Uruguay’s exports

A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.
Wednesday, November 10th 2010 - 02:23 UTC
Uruguayan lamb and mutton exports fall 40% in ten months of 2010

Uruguayan lamb and mutton exports during the first 10 months of 2010 fell 40% to 11,628 tons compared with the same period in 2009, while average export prices increased 50% to US$4,766/ton as a result of strong demand.
Tuesday, November 9th 2010 - 18:36 UTC
Uruguay’s leading banker calls for prudence, austerity and less triumphalism

In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.