Uruguay

• Thursday, September 11th 2008 - 21:00 UTC

  JP Morgan: Uruguay “exposed” to Argentine slowdown

  

  US investment bank JP Morgan said the expected deceleration in Argentina will have an impact for the performance of neighboring Uruguay's economy, according to reports published in the Montevideo press.

• Thursday, September 11th 2008 - 21:00 UTC

  Uruguay enjoys solid situation, boasts Minister Astori

  

  Uruguayan Economy minister Danilo Astori who next week steps down to return to his Senate bench and hopefully to become the presidential candidate for the ruling coalition, said that a balanced budget “has no political color be it left or right” and anticipated that this will be a record growth year for the economy.

• Sunday, September 7th 2008 - 21:00 UTC

  Uruguay's 07/08 sheep farm exports 320 million USD

  

  Uruguay's 2007/08 wool export increased 8.2% in value totaling 60 million kilos while sheep farming exports reached 320 million US dollars (up 8.4%). China remains as Uruguay's main wool client, according to a release from the Uruguayan Wool Secretariat, SUL.

• Thursday, September 4th 2008 - 21:00 UTC

  Brazilian group reopens Fray Bentos corned beef plant

  

  The Brazilian group Mafrig has announced that it will begin production of cooked beef for the British market at the old Anglo abattoir in Uruguay, which for decades was the leading beef exporter to the United Kingdom.

• Tuesday, September 2nd 2008 - 21:00 UTC

  Eight months retail inflation in Uruguay reaches 6.98%

  Consumer prices in Uruguay during August increased 1.02%, surprising private estimates. According to the monthly release from the country's Statistics Institute, INE, accumulated retail inflation in the first eight months of 2008 reached 6.98% and 7.26% in the last twelve months.

• Monday, September 1st 2008 - 21:00 UTC

  Uruguay South Korea sign wide ranging fisheries agreement

  

  Uruguay and South Korea have agreed on a fisheries pact that will facilitate greater cooperation in the development of marine resources, announced the South Korean Ministry for Food, Agriculture, Forestry and Fisheries.

• Wednesday, August 27th 2008 - 21:00 UTC

  Firm vote intention support for Uruguay's opposition

  

  Vote intention for Uruguay's main opposition party continues to inch upwards according to the latest public opinion polls while the ruling coalition suffers sustained but gradual erosion. Uruguayan presidential and congress elections are scheduled for October 2009.

• Tuesday, August 26th 2008 - 21:00 UTC

  Spanish pulp group admits deforesting “error” in Uruguay

  

  Uruguay suspended a Spanish pulp mill forestry plans following the discovery the group had cleared hectares of natural forest to have it replaced by eucalyptus. An investigation will determine the fine and reparation work the ENCE group will have to undertake.

• Saturday, August 23rd 2008 - 21:00 UTC

  Vazquez celebrates in Israel, Uruguay Independence Day

  

  Uruguay's President Tabaré Vazquez will be celebrating his country's independence day, August 25, in Israel, the first leg of a three country tour (Switzerland and South Korea) he is visiting with a high level official and business delegation.

• Friday, August 22nd 2008 - 21:00 UTC

  Uruguay: Organic wool has become the great challenge

  

  There is a strong growing demand in the world for “organic” wool and consumers are willing to pay a bonus, which is a promising advantage for Uruguay and its textile industry, said Pedro Otegui, one of the country's leading wool and textile exporters.