Uruguay

Thursday, November 24th 2022 - 13:12 UTC
Brazilian conglomerates dominate the Uruguayan meat industry export complex

The Brazilian conglomerate Minerva Foods is moving to complete a further overseas acquisition, this time a state of the art abattoir and meat packing plant in Uruguay which once the deal is completed will mean over 50% of the country's meat industry will be under control of Brazilian conglomerates.
Wednesday, November 23rd 2022 - 08:53 UTC
DBRS ups Uruguay's credit rating

Canadian rating agency DBRS Morningstar upgraded Uruguay's foreign currency sovereign debt score from BBB Low to BBB as a result of Montevideo's “substantial improvement” in the country's fiscal outlook, it was reported Tuesday.
Tuesday, November 22nd 2022 - 20:50 UTC
Uruguay confident in EU-sponsored sustainable energy matrix program

Uruguay's Industry Minister Omar Paganini highlighted the AL-Invest Verde program for its ambitiousness regarding sustainable development which will position the South American country as a regional innovation hub.
Tuesday, November 22nd 2022 - 10:37 UTC
Uruguay: ex-presidential custody chief used to offer State spying system; opposition warned of “bribes”

Alejandro Astesiano, the former custodian of President Luis Lacalle Pou, offered the use of El Guardián, the telephone tapping system of the Interior Ministry, which can only be accessed with judicial authorization. The prosecutor in charge of the case, Gabriela Fosatti, investigates in depth the use that Astesiano had of this tool, it was reported.
Tuesday, November 22nd 2022 - 10:13 UTC
Uruguayan Defense Minister reviews troops in Middle East

Uruguay's Defense Minister Javier García reviewed the South American country's peacekeeping mission in Sinai 40 years after its deployment.
Monday, November 21st 2022 - 10:26 UTC
Lacalle Pou to seek Uruguay's joining TPP

Uruguayan President Luis Lacalle Pou announced his country would apply to join the Trans-Pacific Partnership, in a move to have access to more competitive tariffs, which has caused a stir with Mercosur and could jeopardize other negotiations with China, it was reported.
Saturday, November 19th 2022 - 09:15 UTC
Slight unemployment drop reported in Uruguay

Uruguay's unemployment rate was reported Friday by the National Statistics Institute (INE) to have stood at 7.8% in the month of October, a slight decrease from September's 8.3%.
Saturday, November 19th 2022 - 08:56 UTC
Punta del Este ready for upcoming summer season

Punta del Este Mayor Enrique Antía Friday confirmed the “bridge two” in La Barra had been reopened after intensive work for the exclusive Uruguayan beach resort to be ready for the upcoming summer season.
Thursday, November 17th 2022 - 18:51 UTC
Shares of Uruguayan unicorn plummet after rumors of fraud

Shares of the first and only Uruguayan unicorn dLocal, a company that debuted on Wall Street in June 2021 fell up to 43% this from $21 to $10 a piece Wednesday after rumors of fraud went public.
Thursday, November 17th 2022 - 10:09 UTC
High demand makes Iberia increase Madrid-Montevideo frequency sooner than planned

Spanish airline Iberia announced this week that it will be increasing its services from Madrid to Montevideo effective Jan. 1, 2023, due to the high ticket demand that had led company directors to speed up a plan that was originally scheduled for June.