Tag: Danilo Astori

• Monday, October 8th 2018 - 12:56 UTC

  Astori surprised by Fitch ratings, confident Uruguay will bounce back

  

  Uruguay's Economy Minister Danilo Astori Sunday said he was surprised at last week's decision by the Fitch agency to maintain Uruguay's investment grade as it lowered the outlook down to BBB- and pointed out that this report “contrasts openly with those of other risk rating agencies and with the market itself.”

• Monday, June 18th 2018 - 11:14 UTC

  Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

  

  Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.

• Wednesday, May 9th 2018 - 20:19 UTC

  US Dollar rises: Uruguay behind Argentina

  

  After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

• Monday, May 7th 2018 - 20:24 UTC

  Uruguay: No position on the FTA with Chile after an official plenary

  

  The plenary of the leftist coalition Broad Front concluded on Sunday with a motion that postergates de decision over the Free Trade Agreement (FTA) with Chile, defining to leave the decision on whether or not to support the agreement, delaying the debate to a future plenary whose date is not yet defined. The decision was voted after counting an erroneous sum of the votes in the first instance in which the motion to debate the issue in the plenary had won. However, the votes of the Communist Party of Uruguay (PCU) had been put on the wrong side.

• Tuesday, February 27th 2018 - 06:08 UTC

  Uruguayan fraternity: nepotism, nepotism and no job to spare

  

  It has been a long standing consensus-secret in the Uruguayan political system that when you are elected or have been nominated to a political post, you must not forget the family or friends particularly if they are in distress. This means in practical terms that the generous Uruguayan state will incorporate you to the burgeoning bureaucracy be it at national or regional level.

• Wednesday, January 17th 2018 - 08:37 UTC

  Uruguayan farmers surprise government and take to the roads to protest fiscal policies

  

  Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.

• Thursday, April 6th 2017 - 06:08 UTC

  Maduro blows up last bridge with Mercosur and causes deep rift in Uruguayan ruling coalition

  

  Venezuelan president Nicolas Maduro seems to have blown up the last bridge to Mercosur when he launched a barrage of accusations against Uruguay's foreign minister which triggered an immediate reaction from president Tabare Vazquez, who demanded evidence of the charges or a public retraction from the embattled Maduro. But the conflict has also openly exposed the deep rift inside the Uruguayan ruling coalition regarding the Bolivarian revolution “anti imperialist” regime.

• Wednesday, December 7th 2016 - 17:34 UTC

  Uruguay's unemployment drops to 7.1% in October

  

  Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to data published on Tuesday by the National Statistics Institute (INE). In September this index was at 8.4% and a year ago, in October 2015, at 8.5%.

• Tuesday, September 20th 2016 - 09:53 UTC

  Brazil and Uruguay agree on a Mercosur with “a greater open integration”

  

  President Tabare Vazquez confirmed on Monday that Uruguay will continue as “coordinator” of discussions between Mercosur and the European Union to reach a wide ranging trade agreement.

• Friday, April 22nd 2016 - 07:14 UTC

  Floods in Uruguay have 10.000 people displaced and losses are estimated in a billion dollars

  

  Uruguay's emergency committee reported on Thursday another death and over 10.000 people displaced because of widespread floods that followed a tornado and several days pouring rain. The ninth victim is a farmhand who fell off his horse while trying to cross an overflowed canal. A few hours before the body of a missing farmer was found kilometers down a river that sucked him while he was trying to save cattle.