Tag: Uruguay
UruguayBrazil endorses Maduro and pledged support to develop agriculture and infrastructure
Venezuelan President Nicolas Maduro got strong backing from regional heavyweight Brazil on a tour of Mercosur allies to cement his legitimacy as political heir to the late Hugo Chavez.
Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand
The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”
Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics
Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.
Timerman corrects Astori: relations with Uruguay are going through ‘a good moment’
Argentine Foreign minister Hector Timerman said that relations with Uruguay are going through “a good moment”, contrary to recent statements from Uruguayan Vice-president Danilo Astori, and described as ‘false’ the information that two Falklands’ flagged fishing vessels had called into Uruguayan ports.
Maduro promises Uruguay permanent supply of oil and full Mercosur commitment
President Nicolas Maduro promised his Uruguayan counterpart Jose Mujica a “permanent” supply of petroleum from oil-rich Venezuela during the first leg of his visit to Mercosur member countries. Maduro also announced the signing of a strategic alliance in the energy sector with Uruguay.
Uruguay’s inflation in April eased for third month running, but remains above target
Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.
Mujica wants to meet Pope Francis: social programs, housing and abortion in the agenda
Uruguay has formally requested Pope Francis to receive President Jose Mujica when he travels at the end of the month to China, Spain and Italy. Mujica is an agnostic and Uruguay is one of the few Latinamerican countries in which the Catholic Church has been separated from the State for almost a century.
Uruguayans on average have to work 128 days a year to pay their taxes
Uruguayans on average work 128 days, over a third of the year to pay taxes, according to a report from a local lobby group based on the “Tax-free day” which supposedly marks the end of the time dedicated to contribute to the treasury.
Maduro visits Uruguay on his first overseas trip since becoming elected president
Venezuelan president Nicolas Maduro begins next Tuesday an official one visit to Uruguay when he will be meeting with head of state Jose Mujica and former president Tabare Vazquez.On Wednesday he plans to fly to Argentina and the following day, Brazil.
Uruguay admits trade and economic relations with Argentina ‘couldn’t be worse’
Vice-president Danilo Astori admitted on Friday that economic-trade relations with Argentina continue to deteriorate and seriously question Mercosur and Uruguay must therefore speed the search for other alternatives.
