Uruguay's economy expanded 10.6% last year compared to 2007, said the government in an official state of the country address to Congress. The report also underlines that with the triggering of last year's international crisis, ”the neo-liberal (economic) paradigm collapsed”.
By Peter Lowy - A recent trip to Uruguay enabled me, along with another journalist, to visit The Refuge, a ranch belonging to Roberto Canessa, a member of a rugby team that in 1972 survived a crash in the freezing Andes for more than two months, in part, by resorting to cannibalism. What started as a leisurely tour of the ranch, ended late that night with a seaside dinner, after assisting with emergency horse surgery!
Spanish pulp maker Ence has narrowed a search for a partner in its 1.6 billion US dollars paper mill in Uruguay to four foreign players as it struggles with huge debt, tight credit and an ailing European paper industry, reports Reuter's office in Madrid.
Spanish pulp company ENCE confirmed to Uruguayan officials that they are freezing the construction of the one million plus tons plant project in Punta Pereira until they find an associate, but discarded any chances of abandoning the whole operation, reports the Montevideo press.
Brazil's PETROBRAS oil company was the first company to acquire the bid sheet for hydrocarbon exploration contracts in areas of the Uruguayan continental platform.
The Uruguayan ruling coalition Broad Front made the official launching Monday of the third presidential hopeful for June primaries: Marcos Carambula who is mayor of the second most important electoral circumscription after Montevideo.
Uruguay's wool industry exports between January 31st 2008 and February 2009 totalled 282 million US dollars which is 10.4% less that the same period a year ago, because of a 13.9% drop in wool sales and an 83.8% reduction in live sheep shipments.
One of Uruguay's ruling coalition presidential hopefuls claimed the primary campaign was turning nasty and could leave deep wounds plus mistrust and called for a clean, respectful campaign. He admitted that he could be the target of an inside boycott.
Mexico made a first shipment of sterile parasitic flies to Uruguay to help combat the cattle screw worm or Cochliomyia hominivorax, an insect whose larvae or maggots eat living tissue, and which has gradually spread from Brazil to the southern pastures of South America.
Uruguay's trade deficit trebled during the first eleven months of 2008 compared to the same period in 2007, although November registered a slight ease in the imports' strong annual impetus, according to the latest release from the Central Bank.