The United Kingdom embassy in Montevideo has announced the opening of the application period of the Chevening Scholarships, which must be done before 8 November 2016. Chevening Scholarships are the UK government’s global scholarship program, funded by the Foreign and Commonwealth Office (FCO) and partner organizations, such as ANII here in Uruguay.
Brazil, Argentina and Paraguay are waiting to see what happens on Friday, 12 August, when Venezuela has to prove that it has complied with all the pending requirements to confirm its Mercosur full membership condition dating back to 2012.
Venezuela is not helping much to resolve the unprecedented situation of Mercosur, said Uruguay's foreign minister Rodolfo Nin Novoa in reference to Venezuela's self proclaimed presidency of the group and which is rejected point blank by Brazil, Argentina and Paraguay who consider the post vacant.
Uruguay, a founding member of Mercosur has been invited by Pacific Alliance members Colombia and Peru to update and expand commercial agreements with the two countries and turn them into a free trade treaty, foreign minister Rodolfo Nin Novoa revealed during a hearing in Congress to analyze the current situation in Mercosur.
Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.
Paraguay, Argentina and Brazil are considering the “demotion” of Venezuela's Mercosur full membership unless by next August 12 it complies with all conditions to hold such a position, according to the Brazilian media following a meeting of the three presidents in the sidelines of the opening of the Rio Olympic Games.
Mercosur founding members coordinators who met in Montevideo on Thursday to address the controversy over the presidency of the group and the self proclamation to the post by Venezuela, did finally reach some conclusions, but the most significant seems to be that they continue to disagree on the steps to follow and are prepared for another round of talks.
Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.
Venezuela has defiantly confirmed that is will fully exercise the self-proclaimed presidency of Mercosur, despite the opposition from Argentina, Brazil and Paraguay, who consider the chair vacant and are meeting in Montevideo to find an alternative for the six month mandate.