Uruguay

Wednesday, June 25th 2008 - 21:00 UTC
Uruguay down plays announcement of gas and oil discovery

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.
Sunday, June 22nd 2008 - 21:00 UTC
Environmental green light for second pulp mill in Uruguay

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.
Sunday, June 22nd 2008 - 21:00 UTC
“Return directive” could send 15.000 Uruguayans to jail

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”.
Sunday, June 22nd 2008 - 21:00 UTC
US dollar drops to July 2002 level in Uruguay markets

For the sixth week running the US dollar has depreciated againts the Uruguayan peso in the local Money market accumulation a loss of 9.98%. In the 26 weeks of 2008, the Uruguayan peso has increased during 19.
Monday, June 16th 2008 - 21:00 UTC
Land concentration and soy “pools” boom debate in Uruguay

The debate on land concentration and the so called (financial) soybean pools, which is currently one of the main issues behind the Argentine farmers' conflict, has reached Uruguay where apparently the oil seed boom is rapidly displacing dairy farms.
Monday, June 16th 2008 - 21:00 UTC
Uruguayan president visiting Panama, Cuba and Mexico

Uruguay and Panama signed on Monday several cooperation agreements during the official visit of Uruguayan President Tabare Vazquez to the Central American country, the first leg of a tour that will also take him to Cuba and Mexico.
Friday, June 13th 2008 - 21:00 UTC
NZ company further expands in Uruguayan farming

New Zealand rural services company PGG Wrightson continues to expand in South America. The NZX-listed company announced the purchase of a 51% stake in Romualdo Rodriguez , a Uruguay-based livestock, wool and rural real estate business.
Wednesday, June 11th 2008 - 21:00 UTC
Uruguayan economy expanded 10.9% in the first quarter

Boosted by strong exports of agricultural commodities and domestic demand for communications services the Uruguayan economy expanded 10.9% in the first quarter of this year, compared to the same period a year ago.
Wednesday, June 11th 2008 - 21:00 UTC
Warning that Uruguay is running out of “fiscal margin”

In spite of the good performance of the Uruguayan economy academics and former ministers have warned that given the expansion of public spending and subsidies to alleviate energy prices, the government is running out of “fiscal margin” in the event of a contingency.
Monday, June 9th 2008 - 21:00 UTC
Dead penguins and oil covered found on Uruguayan beaches

Dozens of dead penguins and others alive but with traces of oil appeared over the weekend along the east of Uruguay according to a marine life conservation non government organization.