Uruguay

Uruguay
Saturday, October 18th 2014 - 07:39 UTC

Uruguay's presidential election too close and 'unpredictable', argue pollsters

Vazquez speech must help him retain activists but also attract independents

The strong economy and the good image of the incumbent presidential candidate Tabare Vazquez are not sufficient for Uruguay's ruling coalition Broad Front to ensure a third consecutive mandate next Sunday 26 October, according to the country's main pollsters, who underlined that the election result at this stage is too close and 'unpredictable'.

Friday, October 17th 2014 - 07:01 UTC

IDB loan for a 48.6 MW wind farm to be developed by Uruguay's private sector

Currently, roughly 45% of Uruguay's power capacity is hydroelectric; 38% thermoelectric plants and the remaining 17% renewable energy

The Inter-American Development Bank (IDB) has approved a loan of up to 42.2 million dollars to help the private sector in Uruguay finance the development, construction, operation and maintenance of a 48.6 MW wind farm and its associated facilities.

Wednesday, October 15th 2014 - 07:54 UTC

Mujica running for a Senate seat, since he anticipates a weak government

“The next government will need consensuses which are difficult to work out and I am prepared to help”, said Mujica

Uruguay president Jose Mujica believes that the next parliament to emerge from the 26 October general election will have a difficult conformation, complicating the government's performance and that is the reason why he accepted to run for a Senate seat.

Wednesday, October 8th 2014 - 08:24 UTC

Uruguay presidential race to be decided in runoff in November seems confirmed by latest poll

Former president Vazquez has 42% vote intention and Lacalle Pou, 32%

A run off in November to elect Uruguay's president seems most certain because none of the two leading candidates will manage a majority in the first round on 26 October, according to the latest public opinion poll.

Wednesday, October 8th 2014 - 08:16 UTC

Whoever wins Uruguayan election, no major changes in policy, says US bank

The bank reveals a downturn in construction and manufacturing

Under the heading of “Emerging markets prospects and strategy” the US bank group JPMorgan-Chase states that no matter who wins in Uruguay's 26 October presidential election, “we do not expect significant changes in the framework of current policy”.

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.

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