Uruguay

• Thursday, September 18th 2008 - 21:00 UTC

  Vazquez presents his presidential candidate to business leaders

  

  Uruguayan president Tabare Vazquez launched this week before the international business community the presidential candidacy of his outgoing Economy minister during the opening of a trade and investment forum sponsored among others by The Economist Intelligence Unit.

• Thursday, September 18th 2008 - 21:00 UTC

  The Economist IU praises “impressive” Uruguayan economy

  

  The Economist Intelligence Unit praised in Montevideo the achievements of the Uruguayan economy as “really impressive” but also cautioned that good times don't last for ever.

• Tuesday, September 16th 2008 - 21:00 UTC

  Citibank report warns Uruguay about higher inflation risks

  

  Uruguay's fiscal deficit will be double the government's targets for 2008 and 2009 “increasing risks” for the coming year (which happens to be an electoral year). Clearly “expansive” monetary and fiscal policies together with mounting pressure for higher salaries and an “overheated economy” will sustain “strong” inflationary pressures this year and in 2009.

• Monday, September 15th 2008 - 21:00 UTC

  Uruguay favors more trade accords, with or without Mercosur

  

  Uruguay formally proposed its Mercosur partners to begin a round of negotiations geared to reach trade agreements with the European Union, United States, South Korea and Canada. The proposal had been advanced early August but was formalized early September in Brazil during a meeting of the Mercosur Foreign Relations Commission.

• Friday, September 12th 2008 - 21:00 UTC

  Uruguay flag carrier: a repeat of Aerolíneas soap-opera?

  

  Uruguayan flag air carrier Pluna is facing financial turbulences, a story which seems a repeat of Latinamerican government airlines in the brink of having to ground overwhelmed by debts, unachieved objectives and sheer planning incompetence.

• 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.