Uruguay joins BRICS bank, marking expansion in South America
Uruguay, one of South America’s smaller economies, has become the second country in the region after Brazil to join the…
August 22, 2023Topic
English News Uruguay
Uruguay’s Central Bank reduces interest rate to 10%
On Tuesday, the Central Bank of Uruguay announced a 75 basis-point reduction in its Monetary Policy Rate (MPR), positioning it…
August 16, 2023
Uruguayan President shows little optimism on Mercosur-EU agreement
Uruguayan President Luis Lacalle Pou recently voiced his reservations about the swift ratification of the commercial agreement between the Southern…
August 16, 2023
Uruguay’s wool dilemma: coping with global demand decline and 40 million kilograms of inventory
Uruguay, a key global wool exporter, faces a challenge with an unsold stockpile of 40 million kilograms of coarse wool,…
August 15, 2023
Uruguayan manufacturing sector records modest growth in first half of 2023
During the first six months of 2023, Uruguay’s manufacturing sector experienced a growth of 0.7% compared to the same time…
August 12, 2023
Uruguay’s tourism thrives in Q1 2023: focus on Brazilian market and increasing domestic travel
In the first quarter of 2023, Uruguay welcomed 1.2 million tourists, translating to a revenue of US$741 million. To honor…
August 10, 2023
Montevideo’s Beaches Under Attack From Urbanization and Nature
Montevideo, located along the Rio de la Plata, boasts approximately 15 kilometers of the 70-kilometer coastline of Uruguay’s capital. However,…
August 8, 2023
The Port of Montevideo sets a new record for container throughput in July 2023
The Montevideo Port in Uruguay achieved a new record in container movement, surpassing 60,000 during July 2023. According to Juan…
August 3, 2023
Uruguay’s inflation rate falls to 4.79% in July, within the government’s target range
Uruguay’s annual inflation rate was 4.79% in July, within the government’s target range of 3% to 6%. According to the…
August 3, 2023