Uruguay

Uruguay
Tuesday, November 11th 2014 - 21:54 UTC

An estimated 28.5m from Latam and Caribbean population live overseas, 70% in USA

The 28.5 million Latin American and Caribbean emigrants represent 4% of the region's population

An estimated 28.5 million Latin American and Caribbean people live outside their birth countries, 70% of them in the United States, while a majority of the immigrant population of 7.6 million originated from other countries in the region, according to a new study by the Economic Commission for Latin America and the Caribbean (ECLAC).

Tuesday, November 11th 2014 - 09:59 UTC

Uruguay expects poorer cruise season, partly compensated by Costa Cruises

“Costa Pacifica” and “Costa Favolosa” will be operating this season from Montevideo

Uruguay expects a slowing down of cruise activity this season, probably in the range of 10% less vessel calls, particularly in Punta del Este, because of “logistics problems with the circuits”. However this will be partly compensated by the two Costa Cruise company vessels that will be operating from Montevideo as the starting point and end of South Atlantic tours.

Tuesday, November 11th 2014 - 04:00 UTC

Falklands' British 'colonial occupation' condemned by Parlasur

“Let me tell you how grateful we are to this special session on an issue so important for my country”, said Timerman addressing Parlasur lawmakers.

The Mercosur parliament, Parlasur, in a special Monday session held in Montevideo, rejected British 'control' over the Falklands/Malvinas Islands and described the situation as a colonial conflict of 'global' proportion which threatens the region.

Monday, November 10th 2014 - 09:13 UTC

Falklands/Malvinas issue to be debated at the Parlasur Parliament

The extraordinary session will have the special attendance of Argentine foreign minister Hector Timerman and his Uruguayan peer Luis Almagro

The Falklands/Malvinas dispute and 'colonialism' will be discussed on Monday during an extraordinary session of the Mercosur Parliament, Parlasur, in Montevideo with the attendance of Argentine and Uruguayan foreign ministers Hector Timerman and Luis Almagro.

Sunday, November 9th 2014 - 11:01 UTC

Uruguay leads the 'prosperity index' in Latin America and ranks 30 worldwide

Uruguay excelled in Personal Freedom, having ranked eight worldwide; however in Education the country stood at position 68.

Uruguay is ranked in position 30 at global level among 'high prosperity' countries, according to the 2014 Legatum Prosperity Index, and remains at top position regarding Latin America. It's the same ranking as in 2013 and confirms Uruguay in the leading position for the region for several years running.

Wednesday, November 5th 2014 - 22:43 UTC

Uruguay, “a role model for the region and the world” in tobacco policies

Uruguay's continuing efforts to protect its population, despite challenges by the tobacco industry, demonstrate it will not be intimidated”, said Director Etienne

The Pan American Health Organization/World Health Organization (PAHO/WHO) is supporting the Government of Uruguay as it defends its tobacco control policies against claims brought by the Philip Morris tobacco company.

Monday, November 3rd 2014 - 08:59 UTC

Brazil and Uruguay agree to bilateral trade in local currencies

The money rate exchange for the operations will be published on a daily basis by the central bank of each country

Brazil and Uruguay as of next December will be able to use local currencies in bilateral trade, disregarding appealing to US dollars, based on the agreement signed last Friday between the central bank presidents of the two countries, Alexandre Tombini (Brazil) and Alberto Graña (Uruguay).

Friday, October 31st 2014 - 08:15 UTC

Uruguayan challenger promises to abolish tax on pensions and lift the income tax floor

“Take my word, no new taxes, no increase in the retirement age, all of which is in our government agenda”, pledged Lacalle Pou

Uruguay's opposition candidate Luis Lacalle Pou admitted on Thursday that defeating incumbent Tabare Vazquez in the 30 November runoff is 'difficult' but not impossible. In last Sunday's first round the incumbent candidate garnered 47.9% of the vote and Lacalle Pou, 30.9%.

Thursday, October 30th 2014 - 21:36 UTC

Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.

Wednesday, October 29th 2014 - 05:49 UTC

Praise from OAS to Uruguay's electoral system and political practice

Election Day reflected the full confidence of Uruguayan voters in the electoral system said Insulza

The Organization of American States Secretary General, (OAS), congratulated the Uruguayan people on their democratic spirit shown during Sunday´s general elections. He also extended praise to the two candidates that advanced to the second round, Tabare Vazquez from the ruling Broad Front, and Luis Lacalle Pou from the National Party.

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