Productive investment and exports have been behind the sustained growth of the Uruguayan economy since the crisis of 2002, according to Fernando Lorenzo head of the Macroeconomic and Financial Advisors Office from the country's Ministry of Economy.
Panama continues to be the fastest-growing tourism market in Latin America, but Uruguay is the winner when it comes to growth in receipts. Meanwhile, the Dominican Republic is the country with the region's highest receipts as a percentage of GDP, according to a Latin Business Chronicle analysis of new data from the World Tourism Organization.
An international report on the environmental performance of the Botnia pulp plant in Uruguay, since its opening last November, indicates no quality modifications to the air or water of the River Uruguay next to which the huge Finnish owned complex has been built.
Uruguayan fisheries exports to the European Union have officially resumed this week after having overcome sanitary observations interposed at the beginning of the year, reported the country's Fisheries Department (DINARA) director Daniel Montiel.
Chilean president Michelle Bachelet and her Uruguayan counterpart Tabare Vazquez expressed on Monday deep concern over the new European Union migration policy and argued in favor of the positive aspects of migration.
The June Consumer Prices Index in Uruguay soared 1.28% over May, totalling 5.44% inflation in the first half of the year according to the official release from the National Statistics Institute, INE.
Uruguay may have found an offshore natural gas field holding as much as 3 trillion cubic feet of resources during studies of exploration areas it plans to auction in July 2009, the country's state oil company said.
Uruguayan authorities downplayed the announcement earlier this week of the discovery of significant natural gas reserves and possibly oil in the River Plate close to the Brazilian border.
Uruguay approved the environmental impact report presented by the Spanish pulp manufacturer ENCE which is planning to build a huge 1.5 billion US dollars plant in Colonia to the west of the country, next to the coast of the River Plate.
According to the latest figures published by the Spanish government there are 86.601 Uruguayans living in that country (44.314 men and 42.287 women) of which 25.761 have Spanish citizen status. However there are another 10 to 15.000 who are undocumented and therefore could be included in the recently approved EU return directive.