Uruguay

• Friday, February 12th 2010 - 04:38 UTC

  Petrobras signs agreement to begin oil exploration in Uruguay’s continental shelf

  

  Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.

• Friday, February 12th 2010 - 04:29 UTC

  Uruguayan president elect captivates audience of Argentine businesspeople

  

  Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.

• Wednesday, February 10th 2010 - 22:20 UTC

  US officials confirmed the two F-5 engines were legally sold to Malaysia

  

  United States officials confirmed before Uruguay’s Organized Crime Special Office that the two fighter planes F-5 engines found in a Uruguayan free zone had effectively been sold to the Malaysian government.

• Wednesday, February 10th 2010 - 04:30 UTC

  US new ambassador anticipates continued excellent relations with Uruguay

  

  The new United States ambassador in Uruguay David Nelson anticipated good opportunities to promote business and investment between the administrations of President Barack Obama and incoming president Jose Mujica. He mentioned specifically livestock, forestry and agriculture.

• Monday, February 8th 2010 - 05:02 UTC

  New Carrasco terminal among the “most beautiful airports in the world”

  

  The new Uruguayan air terminal in Carrasco, inaugurated last November, has been included among fifteen of “the most beautiful airports in the world” according to the January edition of travel magazine “Travel+Leisure”.

• Monday, February 8th 2010 - 02:07 UTC

  Mujica calls on followers to build a better society and not collect bills from the past

  

  Uruguay’s president elect Jose Pepe Mujica called on militants and followers “to meditate, to think” about the motives for “the cause, colours and commitments” of the catch-all coalition which under his leadership will be repeating another five years of government.

• Saturday, February 6th 2010 - 09:00 UTC

  All Mercosur leaders present at Mujica’s inauguration next March

  

  Mercosur presidents have confirmed attendance to the inauguration next March first of Uruguayan president-elect Jose Mujica who will be heading a second consecutive government of the catch-all centre left coalition Broad Front.

• Thursday, February 4th 2010 - 18:16 UTC

  Uruguay January prices pick up again and reach 0.93%

  

  Prices in Uruguay surprised in January, showing signs of picking up again, driven in large part by higher medical costs, the latest salaries agreements and dearer vegetables according to data published earlier this week.

• Thursday, February 4th 2010 - 17:31 UTC

  BBVA takes over Credit Agricole becomes Uruguay’s second largest private bank

  

  French bank Credit Agricole SA will sell its Uruguayan subsidiary, Credit Uruguay Banco, to the local unit of Spain's BBVA it was confirmed in Montevideo and Madrid.

• Wednesday, February 3rd 2010 - 11:55 UTC

  Montevideo seems prepared to vote for a Communist Mayor next May

  

  Montevideo, Uruguay’s capital will most probably have as of next July a Communist Mayor with the support from the political machinery that has dominated undisputedly the city’s politics for the last two decades.