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Montevideo, January 16th 2017 - 12:55 UTC

Tag: Uruguay

  • Friday, January 13th 2017 - 08:20 UTC

    UK/Uruguay double taxation convention takes effect

    e document was signed by the former Ambassador, Ben Lyster-Binns and the Minister of Foreign Affairs, Rodolfo Nin Novoa.

    The comprehensive Double Taxation Convention between Uruguay and the United Kingdom has taken effect from 1 January 2017.

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  • Saturday, January 7th 2017 - 07:14 UTC

    Uruguayan bureaucrats good at cooking inflation numbers

    “UTE Prize”, a good instrument used every December, since 2012, to ensure annual inflation remains at a single digit

    Last December, the CPI actually contracted 0.55%, something similar to what happened twelve months before helped by a significant decrease in the power rate, estimated at 19.65% and which benefitted over a million clients. The logo of the end of the year bonus campaign is “Ute Prize” (UTE is the Uruguayan power company which works under a government monopoly regime).

  • Friday, January 6th 2017 - 10:30 UTC

    Hake ban in the shared Argentina/Uruguay River Plate and outer zone

    The hake total allowable catch in the zone during 2017 was established at 50.000 tons

    Uruguay and Argentina have imposed a hake catch ban in the shared fishing zone of the River Plate until the end of March, and also established a full twelve month catch of 50.000 tons.

  • Wednesday, January 4th 2017 - 09:59 UTC

    Summer storm strikes Montevideo and coast line causing chaos and 19 injured

    Fallen trees, flooded roads, power lines down, in different districts of Montevideo

    At least 19 people injured one of them seriously, was the result of the summer storm with winds of up to 120km that struck the Uruguayan capital Montevideo, and the eastern coast line to almost the border with Brazil, some 350kms away. The report from the national Healthcare system, SAME, said that most patients are from Montevideo and three from the adjoining seaside resorts.

  • Friday, December 9th 2016 - 16:30 UTC

    IMF ups forecast for Uruguay's growth in 2016 to 0.7% - In October it had anticipated 0.1%

    Uruguay was doing better than the October figures were telling, according to IMF.

    The International Monetary Fund (IMF) on Thursday raised its forecast for economic growth in Uruguay this year to 0.7%, a substantial increase from the 0.1% estimated in October, and underlined the country's resilience to the problems of its neighbors Argentina and Brazil.

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

    Uruguay's unemployment drops to 7.1% in October

    Economy Minister Danilo Astori anticipates half-point growth for 2016 as unemployment falls in Uruguay

    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%.

  • Wednesday, December 7th 2016 - 11:38 UTC

    PISA global education survey has mostly Asian countries in the top ten

    Singapore was top of the class followed by Japan, Estonia, Taiwan and Finland. Japan and Canada, which came seventh, G7 nations fell lower in the data.

    Singapore has come top of the class in the Organisation for Economic Co-operation and Development's (OECD) latest global education survey, with the Asian city-state's students the highest performing in tests on basic academic skills. Japan came in second in the OECD's survey, followed by Estonia, Taiwan and Finland. Japan and Canada, which came seventh, G7 nations fell lower in the data.

  • Saturday, December 3rd 2016 - 09:41 UTC

    Old-fashioned cigarette doomed, says world's largest tobacco company

    Andre Calantzopoulos, CEO of Philip Morris, manufacturer of the world's top cigarette brand Marlboro, sees the business shifting to electronic smoking devices

    A historic lawsuit loss to Uruguay over tobacco-related cancer damages and other technological developments have Philip Morris focusing on new alternatives. “I think the time will come when we will have enough acceptance of these alternative products to begin to propose, along with the governments, a gradual elimination of conventional cigars,” the company CEO Andre Calantzopoulos announced.

  • Monday, November 28th 2016 - 09:04 UTC

    Uruguayan football out of control: hooligans force the cancelling of the derby

    Social media shows when a 13 kilos carafe is about to fall on a group of police officers

    Uruguay's derby between Peñarol and Nacional was called off on Sunday after fans clashed with police in and around the Centenario stadium, while cooking gas carafes were dropped from the stands against officers injuring several. An estimated 150 hooligans were finally arrested by riot policy with horses and dogs and the match was suspended when the police said it could not guarantee the safety of players and people at the stadium.

  • Saturday, November 26th 2016 - 13:36 UTC

    IDB US$ 60m loan to expand sewage and rainwater drainage in Montevideo

    Work will also be carried out to complete a liquid waste disposal system in the west of the city. This will help improve water quality in Montevideo and nearby beaches.

    Uruguay will expand sewage and rainwater drainage systems in Montevideo and improve management of City Hall's sanitation system thanks to a US$60 million loan approved by the Inter-American Development Bank (IDB). The money represents the second stage of a line of credit that the IDB approved for investment projects in December 2006.