Uruguay

Thursday, June 20th 2024 - 19:17 UTC
Montevideo remains the most expensive city in the region

Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.
Wednesday, June 19th 2024 - 09:41 UTC
Uruguay takes delivery of South Korean-built patrol boat

During a ceremony earlier this week at the South Korean Jinhae Naval Base, Uruguay's Navy took delivery of the Chamsuri class ROU 10 Huracán patrol vessel donated by the hosting country. The handover resulted from negotiations undertaken last year by then-Defense Minister Javier García to strengthen the South American country's capabilities to participate in United Nations Peacekeeping Operations as the main focus. South Korea has recently transferred other units to the Navies of Peru and Colombia.
Monday, June 17th 2024 - 09:46 UTC
Uruguay better equipped in case of new drought

Uruguayan authorities are adopting contingency measures in case a new drought comes about in September as the La Niña phenomenon has been forecast to be bringing along a significant decrease in rainfall, it was reported in Montevideo.
Wednesday, June 12th 2024 - 10:34 UTC
World Bank: Uruguay in for economic growth above par in 2024

The same World Bank report that foresaw a gloomy 2024 for Argentina forecasted a 3.2% growth for Uruguay in a region headed for poor average performance, the “World Economic Outlook” released Tuesday in Washington DC projected growth in Latin America and the Caribbean to reach 1.8% in 2024 before bouncing back to 2.7% in 2025 as interest rates and inflation slow down.
Tuesday, June 11th 2024 - 18:41 UTC
Paraguay enacts “linked towns” bill for residents of border locations

Paraguayan President Santiago Peña signed into law a bill providing for the creation of the so-called “linked towns” bordering Argentina and Brazil. The measure grants residents a preferential status in economic, labor, health, and cultural issues, it was explained.
Monday, June 10th 2024 - 06:22 UTC
Montevideo launches mobile flu vaccination

Health teams from Montevideo's City Council will start canvassing the Uruguayan capital from Monday through Friday with mobile vaccination units to foster immunization against influenza and also Covid-19. The initiative comes at a time of high circulation of respiratory viruses, it was explained.
Friday, June 7th 2024 - 09:47 UTC
Uruguay's Ancap posts US$ 48 million losses in three months

Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.
Wednesday, June 5th 2024 - 20:53 UTC
Uruguay's interannual inflation stands at 4.1% in May

Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.
Wednesday, June 5th 2024 - 09:54 UTC
Fitch keeps Uruguay's rating unchanged and stable

The international credit rating agency Fitch announced Tuesday that it was keeping Uruguay's BBB grade unchanged and with a stable outlook given the South American country's “relatively high” GDP, strong governance indexes, and sound external finances.
Tuesday, June 4th 2024 - 08:58 UTC
Uruguay to prioritize Mercosur's ties with China

Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.