Uruguay

Uruguay
Thursday, October 2nd 2014 - 07:06 UTC

Uruguay's fiscal deficit 'relatively' stable at 3.3% of GDP

Lesser revenue from government and the private sector help to explain the 'relativity' of the situation

Uruguay's fiscal deficit in the twelve months to August was equivalent to 3.3% of GDP, or 1.725bn dollars according to the latest release from the Economy and Finance ministry. However the primary deficit (before debt payments) was 202 million dollars or 0.39% of GDP.

Tuesday, September 30th 2014 - 22:12 UTC

OAS observers mission readies monitoring of Peru's Sunday regional elections

Uruguay's lawmaker and electoral expert is head of the OAS mission in Peru

Uruguay's lawmaker and chief of the Organization of American States Electoral Observation Mission (OAS/EOM) Sergio Abreu arrived on Tuesday in Lima to lead a group of 35 people who will observe the October 5 Peru's regional and municipal elections in 16 departments of the country and the Province of Callao.

Monday, September 29th 2014 - 08:54 UTC

Uruguay needs to improve infrastructure, “especially roads and port facilities”

UPM flattered with president Mujica, ”but the construction of a new pulp mill is currently not on UPM’s agenda”

Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.

Thursday, September 25th 2014 - 03:12 UTC

Uruguay presidential campaign: government distributes 10 US dollars for each valid ballot

The current sum in the range of almost 23 million dollars is based on the 2.224.871 valid ballots of the previous election in 2009.

The Uruguayan government released this week the equivalent of 22.9 million dollars for the financing of political parties campaigning for 26 October when presidential and legislative elections are scheduled. In Uruguay political parties receive government support for electoral activities and private donations are closely scrutinized.

Wednesday, September 24th 2014 - 16:35 UTC

FIFA proposes three minute stoppage if a player suffers a suspected concussion

At the Brazil World Cup, Uruguay’s Alvaro Pereira was left unconscious after clashing with England's Raheem Sterling but was allowed to carry on playing.

FIFA says its executive committee will this week discuss a proposal to introduce a three-minute stoppage if a player suffers a suspected concussion. Michel D'Hooghe, head of FIFA’s medical committee, recommended the new rules for the treatment of head injuries following a series of incidents in recent months that have sparked criticism of FIFA.

Monday, September 22nd 2014 - 04:16 UTC

Mujica brags on foreign policy; Latam ready to play a larger role in peace issues, Europe has lost clout

“Europe has lost clout, has fallen into 'military adventurism' and forcing sanctions only punishes the weakest and most vulnerable”, argued Mujica

Uruguay's president Jose Mujica said the latest world events show that Europe 'has lost clout' in global affairs, and has lost strength as 'peace mediator', and this role could be “much better performed by Latin America”.

Thursday, September 18th 2014 - 06:08 UTC

Emma Watson draws hundreds of young fans in Montevideo during the UN goodwill visit

During the conference promoting women at the Uruguayan parliament, sitting next to Vice-president Danilo Astori.

British actress Emma Watson drew hundreds of young fans on Wednesday as she visited Uruguay's Legislative Palace to promote women's participation in politics in her new role as a UN goodwill ambassador.

Thursday, September 18th 2014 - 05:14 UTC

Philip Morris determined to make its legal battle over cigarette labeling with Uruguay, a lesson for other countries

PM believes Uruguay's requirement to cover around 80% of the cigarette packaging with medical warnings and graphic images is violation of a treaty law

Whether you’re a Marlboro man or a Benson & Hedges smoker, if you pick up a pack in the South American nation you will be greeted by an image of decaying teeth, premature babies, horrific hospital scenes or some other terrifying scenario.

Tuesday, September 16th 2014 - 05:25 UTC

Uruguay's economy expands 3.7% during the second quarter over a year ago

The performance of power, gas and drinking water had a sound effect for the economy

Confirming ten years of sustained expansion the Uruguayan economy advanced 2% in the second quarter over the first quarter and 3.7% over the same period a year ago, according to the latest reports from the Central bank.

Friday, September 12th 2014 - 01:39 UTC

Singapore Olam will invest 80m in dairy processing facility in Uruguay

The plant is expected to begin production in 2017 with a potential of a million liters per day

Singapore based Olam International's wholly-owned subsidiary New Zealand Farming Systems Uruguay will be investing 80 million dollars to establish a new dairy processing facility in Uruguay.

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