Uruguay

Uruguay
Wednesday, October 8th 2014 - 07:54 UTC

IMF keeps Uruguay's growth estimate for this year, but lowers 2015

As to the jobs market the IMF kept previous estimates unchanged with unemployment 6.8% this year and 6.9% in 2015

The International Monetary Fund kept Uruguay's growth estimate for this year at 2.8% but lowered the forecast for 2015 to 2.8% from 3%, according to the latest World Economic Outlook. Last year the Uruguayan economy expanded 4% and the government's target for this year is 3%.

Monday, October 6th 2014 - 06:44 UTC

Uruguay forced to lower public utility rates to keep inflation below 10%

The items with the largest increases during September were transport, 2.04% and food and beverage, 1.83% compared to the same month a year ago.

Uruguay's inflation indicator dropped to 8.36% in September from 8.75% in August, according to the latest report from the country's stats office INE. During September consumer prices increased a full 1%, and 8,04% in the first nine months of the year. However despite the high percentage it is below the same period a year ago: 8.41%.

Thursday, October 2nd 2014 - 07:47 UTC

Uruguay's presidential election at the end of October 'too tight to call'

Two of the latest polls released show that Lacalle Pou has finally caught up with Vazquez, but the Broad Front could just make with less than a point

With less than four weeks to 26 October presidential election in Uruguay, the leading candidates are in a neck to neck race, which will demand a run off at the end of November with the result is too close to call, although two of the latest opinion polls believe that the ruling coalition could still scratch through.

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.

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