Uruguay’s central bank kept its benchmark interest rate unchanged at 6.5% after annual inflation slowed to within policy makers’ target range, according to a statement posted on the bank’s website.
United Nations Secretary General Ban Ki-moon announced Wednesday the appointment of Major-General Raul Gloodtdofsky Fernandez from Uruguay as head of the United Nations mission in India and Pakistan.
With the attendance of the country’s highest political authorities including President Jose Mujica and sports’ figures Uruguay celebrated Tuesday the hundredth anniversary of its sky-blue colours, world famous in international soccer.
Uruguayan president Jose Mujica called on the Mercosur summit for a quick incorporation of Venezuela as full member of the group and said it was time the rest of Latin America moved closer to the integration process.
The International Monetary Fund said economic growth in Uruguay will probably slow over the next two years, requiring policy makers to prepare for a “soft landing.”
Uruguay is South America’s leading democracy and ranks 21 internationally according to The Economist Intelligence Unit, which makes an annual evaluation of democratic conditions.
Uruguay’s beef exports dropped in volume but increased in value during the first eleven months of 2010, with Russia for a second consecutive year as the top client, according to the latest release from the National Meats Institute, INAC.
The dirty, stinking city of Montevideo with over 7.000 tons of several-days uncollected garbage was slowly returning to normal Sunday after the Army was sent out to the streets to clear the mess and fearful municipal workers promised to return to their jobs.
Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.
Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the Central Bank of Uruguay (Banco Central del Uruguay). The audit was won in public competition against Big-4 firms for the period 2010 - 2012.