Uruguay

MercadoLibre SA reported second-quarter earnings of $466 million with $9.19 per share profit, exceeding analysts' expectations. The company also posted revenue of $10.17 billion, surpassing forecasts.

Uruguay's construction workers' union, Sunca, and employer chambers reached a preliminary agreement to reduce the workweek from 44 to 40 hours. The deal follows over four months of negotiations and industrial action.

International Monetary Fund Managing Director Kristalina Georgieva praised Uruguay's macroeconomic and institutional strength but urged authorities to take greater risks to convert stability into growth. The comments were made during her visit to Montevideo.

Uruguay's 2025-2026 cruise season concluded with 242,086 passengers and $13 million in direct tourist spending, as reported by the Ministry of Tourism. Despite a decrease in total ship calls compared to the previous season, the country maintained its role in South Atlantic cruise circuits.

The United States government has been negotiating with Uruguay for months to potentially send deported migrants there, according to The New York Times. Uruguay's foreign ministry confirmed ongoing talks but stated no agreement has been finalized, and discussions are not limited to Cuban nationals.

President Trump plans to send Cuban deportees to Uruguay while tightening policies on Cuba. Secretary of State Marco Rubio highlighted U.S. concerns about Cuba's threat of mass migration.

Presidents from Bolivia, Paraguay, Chile, Honduras, Argentina, Uruguay, Panama, and Ecuador are attending Keiko Fujimori's inauguration in Lima for Peru's 2026-2031 presidential term. The event brings together Southern Cone and Andean leaders for the handover ceremony.

Uruguay's government is preparing contingency protocols to address flooding risks linked to the El Niño phenomenon, which is projected to peak during the southern hemisphere spring. President Yamandú Orsi announced the measures will be presented in August, with potential impacts expected from September and October.

A 27-year-old former professional tennis player from Uruguay was arrested after allegedly threatening employees with a tennis racket, damaging merchandise, and causing a disturbance at a Doral sporting goods store. The incident, which occurred on July 24, involved the suspect swinging a racket aggressively, making threats in Spanish, and damaging property valued at $568 before fleeing in a gray Mazda 3 and later being detained at a Wawa.

Latin American domestic sports leagues in Argentina, Bolivia, Chile, Colombia, Peru, and Uruguay resumed this weekend following the 2026 World Cup break. The update was published by The Rio Times.

A Factum poll conducted in June 2026 found that 49% of Uruguayans believe Yamandú Orsi's government is underperforming compared to initial expectations. The survey, covering the third two-month period of 2026, indicates a consistent decline in public perception since the administration began.

Uruguay's Serie 13 Notas del Tesoro en Pesos Nominales, maturing in 2030, saw record demand with bids reaching 4.3 times the offered amount. The government issued nearly double the original offer, reflecting strong investor confidence despite a record low annualized yield.

Uruguay faces a 12.5% US tariff due to lacking an explicit ban on goods produced with forced labor. The new tariff, effective since Friday, increases the previous 10% rate on Uruguayan exports to the US.

Uruguay is rebuilding its air force around six Embraer A-29 Super Tucano aircraft, replacing the A-37B Dragonfly. The initiative marks a shift in the country's military aviation strategy.

Uruguay's government doubled a peso bond auction after receiving bids worth nearly 4.3 times the base amount, signaling robust demand for local-currency debt.

Uruguay's foreign-income tax for residents imposes a 12% rate effective January 2026, with an 8% withholding option to avoid filing. Taxpayers may choose annually between taxing actual foreign income or a notional base, and offshore entities are subject to a 'look-through' rule.

Four Latin America tax deadlines shift before August, including Colombia's reform, Argentina's Monotributo, Uruguay's foreign-income tax, and Chile's exemption. The article highlights these tax-related deadlines as key items for tax planning.

BTG Pactual began operating in Uruguay after acquiring HSBC's local bank for approximately $211 million. The acquisition received final regulatory approval from Uruguay’s central bank.

Uruguay has postponed the second shipment of humanitarian aid to Venezuela due to changed entry conditions set by Venezuelan authorities, according to Defense Minister Sandra Lazo. The cargo includes 15 tons of supplies for earthquake victims.

A strike at Montevideo's main container terminal is diverting ships and disrupting exporters, creating a challenge for President Orsi as a budget debate begins. The situation highlights tensions between economic operations and political priorities.

House Minority Leader Hakeem Jeffries intervened with the State Department to help the mother of Cabo Verde's goalkeeper Vozinha secure a U.S. visa to attend a match. The intervention occurred during a June 21 game in Miami between Uruguay and Cabo Verde, where Jeffries was present with FIFA President Gianni Infantino.

British Prime Minister Keir Starmer is considering adding a bank holiday if England wins a World Cup final, but faces pushback from business groups and social services. Countries like Ecuador and Paraguay recently declared public holidays after World Cup victories, though Paraguay's President Santiago Peña faced criticism for a spontaneous holiday declaration that disrupted businesses.

Uruguay taxes foreign-source capital income at a flat 12% for tax residents. The look-through rule attributes income from entities owned over 5% to residents, affecting those who believed offshore companies concealed earnings. US expats are particularly exposed to this tax policy.

Argentina’s state oil company has announced plans to drill off Uruguay’s coast but has not received government approval. The CEO claims the project will surpass Vaca Muerta in size, while the transfer of a block to Eni remains pending, and campaigners are challenging the move in court.

Uruguay allows foreign remote workers to bypass social security contributions, while local workers also avoid paying into the system. The tech chamber highlighted that Uruguayans earning income abroad do not contribute, and the state provides legal exemptions for foreign talent.

Uruguay's new EV tax, effective January 1, 2027, exempts cars valued under $19,000 from customs duties, imposes 5% on vehicles between $19,001 and $27,000, and 9% on those above $27,000. Tesla is affected by the tax, while cheaper Chinese EVs benefit from the exemption.

Argentina's state oil company YPF plans to begin exploratory drilling of an offshore block off the coast of Uruguay between late 2027 and early 2028. The company's chairman and chief executive, Horacio Marín, stated the area's potential could surpass the Vaca Muerta unconventional field if confirmed.

The Falkland Islands are planning a business delegation to Uruguay to purchase construction materials, with costs being a central concern. The initiative, organized by the Falkland Islands Development Corporation and the Chamber of Commerce, aims to connect local businesses with Uruguayan suppliers.

New York City hosted the largest maritime gathering in US history for America's 250th birthday, featuring ships from 20 countries and two active-duty US Navy ships. The event, organized by Sail4th 250, included a parade of tall ships and public tours of naval vessels from July 3 to July 8, 2026.

Chile’s president visited Uruguay to promote a Pacific trade corridor and urged Uruguay to join the initiative. Uruguay agreed to join Chile’s Santiago Accord against organized crime. The visit included a meeting between Chile’s president and Uruguay’s leader.

Uruguay's President Yamandú Orsi congratulated Peru's president-elect Keiko Fujimori on her runoff victory in a cross-ideological call. The interaction occurred amid Peru's government transition, with the handover scheduled for July 28.

Uruguay seeks to deploy armored Mamba vehicles donated by the United States to patrol dangerous neighborhoods, but a US-imposed peacekeeping restriction is preventing their use. The 14 vehicles were donated in 2024.

Uruguay's health ministry expanded free meningococcal vaccination to 11- and 12-year-olds in response to an unusual rise in cases, which included 20 infections and five deaths, three of which were children. The outbreak is linked to serogroup C bacteria.

Chile's President José Antonio Kast called for life sentences for leaders of organized crime and total prison isolation to prevent gang operations from behind bars during an official visit to Uruguay. He made these remarks after meeting with Uruguayan President Yamandú Orsi.

Tesla confirmed it will sell cars in Uruguay and enter Argentina, where its initial step is a charging deal with state oil firm YPF rather than direct car sales. China’s BYD already dominates the electric-vehicle market in both countries.

Uruguay's President Yamandú Orsi and Chile's President José Antonio Kast agreed to enhance bilateral cooperation against transnational organized crime following a summit in Montevideo. Their joint statement also covered security, fisheries, Antarctica, the bi-oceanic corridor, and economic integration during Kast's official visit.

Mercosur leaders emphasized the need for a regional security architecture to combat transnational organized crime during the 68th summit in Luque, Paraguay. The summit, where Paraguay handed over the pro tempore presidency to Uruguay, featured discussions on concrete goals and deadlines for the initiative.

Uruguay's President Yamandú Orsi assumed the pro tempore presidency of Mercosur, prioritizing modernization and trade opening following the provisional EU agreement. He aims to make Mercosur more dynamic and open to benefit citizens.

Colombia appointed Miguel Gómez as its finance minister, Mexico advanced in the World Cup by breaking a 40-year Azteca curse, and Uruguay implemented a tax on foreign income. The article highlights these developments as key events for July 1, 2026.

The World Cup knockouts in Latin America saw Paraguay defeat Germany, Brazil advance, and Mexico prepare for a key match at Azteca. Uruguay's tax policy begins tomorrow, and Mexico is tightening work-visa requirements.