Uruguay
UruguayFirst obstacle for Uruguay's marijuana bill: it violates international convention on drug control
Uruguay's decision to legalize marijuana is in violation of an international convention on drug control, the Vienna-based International Narcotics Control Board, INCB, which monitors government compliance with such treaties said on Wednesday.
Uruguay becomes first country to oversee production and sale of marijuana
Uruguay's Senate has approved ground-breaking legislation legalizing marijuana, becoming the first nation in the world to oversee the production and sale of the drug. After a marathon debate, the 16 senators from the ruling coalition out of 29 lawmakers voted Tuesday in favor of the legislation championed by President Jose Mujica, who must now sign it into law.
Maracana, July1950, when Uruguay silenced 200.000 Brazilian fans at the Cup's final
Pele, the only person to win three World Cups as a player, said Brazil will enter next year’s tournament with more humility than when the country last hosted soccer’s greatest event in 1950. On 16 July that year Brazil was shocked 2-1 by Uruguay in the final game at Rio de Janeiro’s Maracana stadium in what is considered as a national tragedy by some Brazilians.
Inflation in Uruguay during November climbs 0.2%, but still above target
Consumer prices in Uruguay during November increased 0.2% over the previous month with annual inflation reaching 8.51% compared to the 8.67% of October. Nevertheless in the eleven months of 2013, consumer prices have climbed 9.31%, which is a whole percentage point higher than the same period a year ago, according to the latest release from the country's Stats Office, INE.
Fitch creates an Argentine/Uruguay domestic credit rating branch: FIX-SCR
Fitch Argentina announced this week that industry pioneer Douglas Elespe has become its CEO/Managing Director and new venture partner, and will lead the company's shift to an Argentine and Uruguayan domestic credit ratings business focus under the new name FIX-SCR. The financial terms of the transaction are not disclosed.
Inflation and competitiveness, Uruguay's main challenges for next year and a slower growing economy
Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on “Prospects for 2014 and economic challenges for the next government”.
Uruguay after another soy-crop record since area planted increased 100.000 hectares
Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.
Uruguay fishing industry in deep trouble: high costs, poor catches, labor conflicts
High costs, poor catches and labor conflicts are threatening the competitiveness of Uruguay's fishing sector which has seen exports drop considerably plus fears of a possible closure of Nigeria which in the last 18 months has become the main market.
Uruguay admits regional conditions are influencing the number of arrived tourists
Uruguay estimates that the number of arriving tourists to the country by the end of the year will reach 2.830.000, which is 40.000 less than in 2012, but still encouraging given the regional conditions, according to Tourism minister Liliam Kechichian.
Mujica questions Argentine trade policies towards Mercosur that “take us back to the sixties”
Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.
