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MercoPress, en Español

Montevideo, August 18th 2025 - 11:46 UTC

Uruguay

  • Wednesday, June 24th 2009 - 08:10 UTC

    Uruguayan residents have 7.1 billion US dollars in overseas banks

    Deposits of non residents increased significantly in Uruguay probably boosted by Argentines fearsome of political stability in their country.

    Uruguayan residents’ savings in overseas banks totalled 7.1 billion US dollars in the last quarter of 2008, which represents a slight drop from September 2008 but 14% over December 2006 (6.25 billion USD) according to the latest report from the Bank of International Settlements, BIS.

  • Wednesday, June 24th 2009 - 05:47 UTC

    Uruguay’s imports plummet for the fifth month running, 41% in May

    Energy shortages and prices remain the main challenges for Uruguay’s development.

    Uruguay’s imports again plummeted in May for the fifth month running, with the highest inter-annual negative rate, 41%, according to the latest data from the Central Bank released this week.

  • Wednesday, June 24th 2009 - 05:43 UTC

    World Bank forecasts Uruguayan economy growth of 0.8% in 2009

    Uruguay’s neighbours Argentina and Brazil have a tough year ahead with contraction and a return to modest growth in 2010.

    The World Bank estimates the Uruguayan economy will expand 0.8% this year and begin a gradual recovery in 2010 with growth reaching 2.3%. In spite of the poor 2009 estimate, it will be one of the highest of the region together with Peru, Panama, Bolivia, Belize and Guyana.

  • Sunday, June 21st 2009 - 11:26 UTC

    Uruguayan farmers fearful of consolidation in meat sector

    The merger of two Brazilian giants could corner over 30% of abattoir capacity in Uruguay.

    The possible merger between the leading Brazilian meat groups, Marfrig and JBS Bertin could create the largest corporation in the world and among other things dominate over 30% of the Uruguayan cattle demand market.

  • Wednesday, June 17th 2009 - 12:20 UTC

    Scornful clashes inside Uruguay’s ruling coalition surprise public opinion

    Broad Front candidates, Mujica and Astori

    The dispute for Uruguay’s ruling coalition presidential nomination has spiralled to unexpected levels while a group of senior members try and work out a viable understanding between the leading hopefuls for the day after, when a unified Broad Front is essential to repeat victory in next October’s general election.

  • Wednesday, June 17th 2009 - 06:08 UTC

    Uruguay confident that Portuguese pulp mill project remains on track

    Forestry, pulp and paper have become a booming industry for Uruguay

    Uruguay and the Brazilian state of Matto Grosso are disputing the massive investment of almost two billion US dollars in a pulp and paper plant which one of Portugal’s largest corporations is planning to build in South America, reported this week the Lisbon business daily Economico.

  • Wednesday, June 17th 2009 - 05:28 UTC

    Uruguayan opposition with good chances of winning October election

    Whoever is elected President, will have to work much closely with the Uruguayan Parliament, anticipate international analysts.

    Even when the Uruguayan ruling coalition is ahead in vote intention for next October’s general election, according to the latest tendency from public opinion polls the deterioration of the Uruguayan economy in coming months plays in favour of the opposition, said the latest report from The Economist Intelligence Unit.

  • Wednesday, June 17th 2009 - 05:20 UTC

    After 18 quarters of growth Uruguay technically in recession

    Central Bank president Mario Bergara expects the Uruguayan economy to begin recovering towards the end of the year.

    Contrary to government forecasts the Uruguayan economy plunged 2.9% in the first quarter of this year putting an end to 18 uninterrupted quarters of sustained growth. Although government officials downplayed the impact of the retraction, private analysts said this signals the beginning of a recession period in line with what is happening globally.

  • Monday, June 15th 2009 - 13:41 UTC

    Mujica and Lacalle lead June 28 Uruguayan presidential primaries

    Candidates Mujica and Lacalle, the two hopefuls with greater chances of disputing the October election

    With less than two weeks for the presidential primaries in Uruguay, Senator Jose Mujica, a former guerrilla captain, is leading comfortably and should on June 28th emerge as the candidate of the left wing ruling catch-all coalition, Broad Front. In the opposition the most probable presidential candidate will be former president Luis Alberto Lacalle.

  • Monday, June 15th 2009 - 12:50 UTC

    Former Uruguayan president favours eliminating Mercosur parliament

    Lacalle says Parlasur lacks “meaning and purpose”

    Former Uruguayan president and the leading presidential hopeful of the main opposition party Luis Alberto Lacalle said that the Mercosur Parliament, Parlasur, lacks all meaning and purpose and proposed its dissolution, in an interview published Sunday in the Montevideo press.