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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...

Uruguay Lowers Interest Rate to 9%

Uruguay's Central Bank (BCU) has lowered the Monetary Policy Rate (MPR) to 9%, a move reflecting the country's lowest inflation rate since 2005. On Friday,...

Uruguay’s Economic Crossroads: Five Key Challenges

Uruguay, renowned for its stability in South America, faces five pivotal challenges. First, navigating the global landscape is crucial. Economic shifts and geopolitical tensions worldwide...

Uruguay’s Modest Growth Journey

Analysts have revised Uruguay's economic growth forecast for 2023 to a modest 0.35 percent. This is a decrease from the earlier 0.70 percent prediction. The...

Uruguay’s Crossroads: Approving U.S. Military Bases

Uruguay's parliament has ratified a defense agreement with the United States focusing on mutual support in defense logistics. The Uruguayan Senate approved this deal on...

Uruguay-Brazil Airport Launch

The binational airport in Rivera, located in northern Uruguay near the Brazilian border, was inaugurated this Monday. Uruguay's President Luis Lacalle Pou thanked Brazilian President...

Uruguay’s Inflation Rate Falls Below Expectations in November

Uruguay's Consumer Price Index (CPI) rose by 0.34% in November, lower than anticipated by analysts. This aur set the year-on-year inflation rate at 4.96%, comparing...

Expanding Research Ties Between Uruguay and China

China and Uruguay are intensifying their collaboration in science and technology, focusing on agricultural technology, biomedicine, and nanotechnology. It aligns with their recent elevation to...

Uruguay Sets Sail for Record Cruise Season

Uruguay proudly launches its 2023-2024 cruise season, aiming for a historic high with 241 ship arrivals. These vessels will dock at Montevideo and Punta del...

Uruguay Eyes Space Frontier with Planned Rocket Launch Port

Uruguay is stepping into space exploration, planning to set up a rocket launch site in its eastern Rocha department. Mariana García, a space advisor for...

Uruguay’s Demographic Shift: Aging, Urbanizing, and Diversifying

Uruguay's latest census, shared by the National Institute of Statistics (INE), unveils significant demographic changes. The nation's population stands at 3.444 million, with a slight...

Uruguay Entrepreneurs Show Positive Business Sentiment

Entrepreneurs in Uruguay express confidence in the business environment, according to a survey by Exante. The study involved 300 high-ranking officials from local companies. A...

Uruguay’s Capital Grapples with Homeless Surge

Uruguay, a Latin American nation known for its wealth and social equity, faces a rising homelessness challenge. Despite a population of just 3.5 million, the...

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