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Uruguay’s Interest Rate Fixed at 9% Amid Inflation Control Efforts

The Central Bank of Uruguay (BCU) has decided to keep the Monetary Policy Rate (MPR) at 9% to ensure inflation remains within the 3-6%...

Uruguay Shines as South America’s Sole ‘Full Democracy’

The 2023 Economist Intelligence Unit (EIU) report highlights a global decline in democracy, pointing to conflicts, authoritarianism, and fading trust in major political parties. Among...

Uruguay Sees Small Industry Growth in 2023

In 2023, Uruguay's industry ticked up by 0.6% from the year before; the rise came mainly from more paper and food goods made. The National...

Uruguay Bolsters Military with U.S. Armored Vehicles

In September, the US will donate 14 Osprea Mamba MK7 vehicles to the Uruguayan Army, improving two Mechanized Sections with training. The Mamba MK7 is...

Roaming Fees Gone in Paraguay and Uruguay

In the latest development, Paraguay and Uruguay are set to abolish international roaming charges for mobile users. This move aligns with the "Mercosur End User...

2024 Sees Surge in Uruguay’s Utility Vehicle Sales

In January 2024, Uruguay's automotive market experienced a 4.2% increase in new vehicle sales, totaling 4,166 units. This rise was primarily fueled by a significant...

Uruguay Faces Social Security Crisis with Proposed Referendum

Pablo Mieres, Uruguay's Labor and Social Security Minister, issued a warning on Wednesday. He said the country's social security system could collapse if a referendum...

Strengthening Military Bonds: U.S. and Uruguay

General Laura Richardson, head of the U.S. Southern Command, is in Uruguay to bolster military connections. Her meetings with Uruguay's leaders, from February 5 to...

Boost in Uruguay’s January Exports

In January, Uruguay saw a notable 8% growth in goods exports, totaling $917 million, compared to the same period in 2023. Uruguay XXI, the national...

Uruguay’s Jobless Rate Drops to 7.8%

In December 2023, Uruguay experienced a decline in its unemployment rate, reaching 7.8% of the Economically Active Population (EAP). This marked a decrease from November's...

Uruguay Confronts Rising Security Challenges

In early 2024, Uruguay faces a critical phase in public safety, marked by a surge in homicides. As of 2023, the homicide rate in the...

Uruguay’s Tourism Surge in 2023

In 2023, Uruguay's tourism sector reached a new high with over 3.8 million visitors, generating substantial revenue of $1.776 billion. This achievement, reported by Uruguay's...

Uruguay’s 2024 Defense Outlook: Key Developments and Challenges

In 2024, Uruguay will address significant defense challenges while anticipating key additions to its naval fleet. South Korea has donated a Chamsuri-class patrol boat. This...

Uruguay Faces Export Slump as China Purchases Decrease

Uruguay's exports in 2023 reached $11.518 billion, a 13% decline from 2022's record high of $13.356 billion. Uruguay XXI, the trade promotion body, reported these...

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