The first vessel to call in Montevideo port, Uruguay, this coming 2008/09 cruise season is Minerva II which will be arriving November 21st, according to an official report from local authorities.
The recurrent conflicts in Brazilian ports are having a direct impact on River Plate maritime traffic but the situation could be overcome if Montevideo expands its facilities and becomes a hub for the region, according to maritime agents.
By the end of the year Uruguay will be shipping beef directly to European Union consumers. The locally packed presentations will have all the traceability information plus the brand name with all the consumer data the supermarket wishes or has to comply with.
Uruguay will be complying Monday with its final written presentation in The Hague on the Botnia pulp mill construction dispute with Argentina that alleges Uruguay ignored water joint management agreements.
Farm production in Uruguay will consolidate its sixth year running of expansion, 66.5% since 2002, and farm exports are forecasted to reach 4.2 billion US dollars, a 51% increase over last year, according to a report from the Ministry of Agriculture Programming and Policies Office, OPYPA.
Soldiers and sailors have been temporarily contracted by Uruguayan county authorities to help with basic law and order because of a Police strike.
Uruguay's debt rating was raised one level by Standard & Poor's, citing the country's economic expansion and international debt reduction. S&P lifted Uruguay's foreign-debt rating to BB-, three levels below investment grade, from B+. The outlook on the rating is stable, S&P said in a statement.
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.