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Uruguay

Why did Chinese billionaire Jack Ma, founder of Alibaba, visit Uruguay?

By Juan Pablo Álvarez With discretion and, as they say in the Rio de la Plata, without raising the partridge,...

Poverty in Uruguay dropped to 9.9% in 2022

The percentage of people living below the poverty line in Uruguay (by the income...

Uruguayan economy grows 4.9% in 2022

The Uruguayan economy grew 4.9 percent in 2022 versus the previous year. However, it observed a decline in the result of the last quarter,...

How Uruguay became one of Tesla’s South American capitals

In July 2020, the first Tesla-branded electric car (a Model 3) was sold in Uruguay for US$82,900. Since then, journalistic...

Uruguay adjusts details to inaugurate one of the world’s...

Finnish company UPM is awaiting authorization from the Uruguayan Ministry of Environment to start operations at its new eucalyptus...

Uruguayan industry grows 0.6% year-on-year in January

Uruguay's manufacturing industry production increased 0.6 percent year-on-year in January, boosted by pharmaceutical production,...

Confusion in the Uruguayan Senate: they make a minute of silence for a former legislator who did not die

The Uruguayan Senate stopped its agenda to pay tribute to a former Frente Amplio legislator after learning of her death. However, while the senators remembered the leader with emotion, they realized it was fake news. The new...

Inflation in Uruguay slows down to 7.55% year-on-year

Inflation in Uruguay moderated to 7.55 percent in the mobile year ending in February, informed the National Statistics Institute (INE) yesterday, Friday. The increase of the Consumer Price Index (CPI) in the last 12 months slowed...

Tax Reform in Uruguay: Lacalle Pou announced first tax cut in 15 years 

Finally, President Luis Lacalle Pou announced the tax reform involving the first net tax cut since 2008. Since then, the successive tax changes approved have...

Uruguayan exports fall 8% in February, record trade with Brazil

Uruguay's exports of goods recorded a year-on-year drop of 8 percent last February, totaling US$939 million, including free trade zones, the foreign trade promotion institute Uruguay XXI reported. "This is explained by the fall in exports...

Brazil wants to promote integration and use of local currencies in a meeting with Uruguay

The Brazilian government aims to promote the use of local currencies in trade with Uruguay, as well as to boost physical and energy integration with that country, a Foreign Ministry source told Sputnik. "As is known,...

Australian Senator Gerard Rennick: "There has been a lot of misleading advertising in regards to the safe and effective claim….the risks have never been clearly outlined"