Uruguay

• 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.

• Friday, February 4th 2011 - 21:02 UTC

  EU top official visits Uruguay/Paraguay to advance trade talks with Mercosur

  

  The European Union Trade Commissioner Karel De Gucht will travel next week to Paraguay and Uruguay to reinforce bilateral relations and to advance on the ongoing EU/Mercosur negotiations to reach an overall trade and cooperation agreement.

• Thursday, February 3rd 2011 - 23:39 UTC

  World leading plywood company to double exports from Uruguay’s mill

  

  Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.

• Wednesday, February 2nd 2011 - 21:23 UTC

  Uruguay will officially recognize a Palestinian state next March

  

  Uruguay will officially recognize a Palestinian sovereign state next March but will not announce position regarding borders said Foreign Affairs minister Luis Almagro addressing the Legislative standing committee.