Uruguay

• Saturday, August 7th 2010 - 00:49 UTC

  New tax and banking bill ‘scares’ investors warns Uruguayan business community

  

  The Uruguayan government announced intention of making banking secret accounts “more flexible” and expanding income tax to overseas holdings and assets have delayed investment decisions and accelerated the sale of real estate in Uruguay by foreigners, particularly Argentines, warned the Uruguayan Chamber of Tourism.

• Friday, August 6th 2010 - 03:04 UTC

  Gualeguaychú pulp-mill activists to meet again with minister Timerman

  

  Argentine Foreign Affairs minister Hector Timerman said he held a “very important meeting” with Gualeguaychú Assembly members after the group of activists requested to be given an explanation of the upcoming joint monitoring of the River Uruguay recently agreed by Argentina and neighbouring Uruguay.

• Thursday, August 5th 2010 - 17:28 UTC

  Foster Wheeler awarded engineer contract for Montevideo LNG receiving plant

  

  Foster Wheeler AG (Nasdaq: FWLT) announced Wednesday that its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG receiving terminal (the “GNL Del Plata” facility) to be built in Uruguay’s capital Montevideo.

• Thursday, August 5th 2010 - 16:26 UTC

  Over fifty fishing vessels docked in Montevideo because of labour conflict

  

  An estimated Uruguayan flagged fifty fishing vessels have been docked in Montevideo for over a month because of a labour conflict over a new work contract with the owners of the vessels and processing plants.

• Thursday, August 5th 2010 - 09:14 UTC

  Beware (River Uruguay) contaminators, warns Argentine top scientist

  

  Contaminators “beware, the time of reckoning is coming” warns Enrique Martinez Argentina’s president of the National Institute of Industrial Technology, INTI who in a brief opinion column praises the recent agreement reached between Uruguay and Argentina to monitor the River Uruguay and ensure the non contamination of the shared water course.

• Wednesday, August 4th 2010 - 21:02 UTC

  Vegetables and meat prices push Uruguay’s inflation in July above 1%

  

  Uruguay’s consumer inflation increased 1.09% in July accumulating 4.21% so far this year and 6.29% in the last twelve months, which is in the target range of the Central bank.

• Wednesday, August 4th 2010 - 03:45 UTC

  Uruguay’s Science Park, an ambitious high tech development

  

  Next Thursday will see the launching of works for Uruguay’s Science Park, an undertaking targeted to attract high tech medical and pharmaceutical industries linked to the production of drugs both for exporting and the domestic market, plus the promotion of scientific research and highly qualified jobs.

• Wednesday, August 4th 2010 - 01:21 UTC

  Uruguay’s exports in seven months increase 23% and reach 3.9 billion USD

  

  Uruguayan exports increased 22.78% during the first seven months of 2010 compared to the same period a year ago, according to Uruguay’s Union of Exporters. Sales totalled 3.9 billion US dollars while in the seven months of 2009, they reached 3.2 billion USD.

• Tuesday, August 3rd 2010 - 06:05 UTC

  What happens if Chilean maritime costs force cruises to cancel the Pacific leg?

  

  A Uruguayan cruise industry expert has brought up an interesting debate about the whole business for South America if Chilean port and auxiliary services costs remain so high that they end convincing some of the cruise companies to drop the traditional Pacific and Chilean leg of the tours.

• Tuesday, August 3rd 2010 - 00:49 UTC

  Russia becomes Uruguay’s main client for beef in first half of 2010

  

  The Russian Federation became at the end of the first half of the year, Uruguay’s main client for beef compensating weaker demand from the European Union and other important markets, according to the latest data from the country’s National Meat Institute, INAC.