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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...
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...