Uruguay

Uruguay
Friday, July 11th 2014 - 01:37 UTC

Uruguay central bank admits inflation remains the main concern and pledges monetary contraction

The Central bank said it has an 8% monetary supply convergence target in the near future

Uruguay's Central bank confirmed that inflation remains the leading challenge and ratified the current monetary contractive policy with the M1 money supply index converging to 8% from its current 10.4%, in a 'not too distant horizon'.

Thursday, July 10th 2014 - 21:36 UTC

FIFA rejects Suarez appeal presented by the Uruguayan Football Association

Suarez initially denied biting Chiellini but apologized nearly a week later.

Uruguay forward Luis Suarez, banned from all soccer activity for four months and nine competitive internationals for biting Italy defender Giorgio Chiellini during a World Cup match, has lost his appeal, FIFA said.

Tuesday, July 8th 2014 - 00:08 UTC

IDB loan to help Uruguay with mathematics and English learning at schools

The Plan Ceibal II content supports education in mathematics and English in Primary and Middle Schools

The Inter-American Development Bank (IDB) has approved a 6 million dollars loan to Uruguay to finance the Plan Ceibal II (digital content), which will help to strengthen mathematics learning by 90,000 primary and middle school students and extend English teaching to half of all 4th, 5th and 6th graders in urban public primary schools.

Monday, July 7th 2014 - 07:26 UTC

Uruguay Vice-president and Latam UN ambassadors claim US justice took sides

Astori said that the current situation is a disastrous precedent for countries wishing to comply with debt commitments

Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.

Saturday, July 5th 2014 - 09:13 UTC

Uruguay's inflation index for June slightly down: 9.08% in twelve months

July could be a month of surprises but the power company, government owned has anticipated rates will be down 5.5% because of abundant rainfall

Uruguay's inflation index experienced a slight deceleration during the twelve months to June, from 9.18% in May to 9.08%, basically because of cheaper fresh food, frozen public utility rates including fuel, while a stabilized exchange rate for the US dollar with a strong Peso, helped with imported goods.

Saturday, July 5th 2014 - 08:48 UTC

The Economist on Argentina: “The Luis Suarez of international finance”

 Viveza criolla has been a hallmark of Argentine economic policy under both President Cristina Fernández and her late husband and predecessor, Néstor Kirchner.

In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.

Wednesday, July 2nd 2014 - 08:00 UTC

Uruguay presents Foreign minister Almagro as OAS Secretary General candidate

Almagro has been foreign minister since Mujica took office in 2010

Uruguay has presented the candidacy of its current Foreign minister Luis Almagro to succeed Jose Miguel Insulza as head of the Organization of American States, OAS Secretary General, it was reported on Tuesday from Montevideo.

Tuesday, July 1st 2014 - 10:16 UTC

Mercosur waking up to the significance and impact of the Pacific Alliance

Uruguay's Vice-president Astori has been most vocal: ”Mercosur mustn’t be a terminal station”; we need trade deals with the Pacific Alliance

Mercosur leaders called for dialogue with the Pacific Alliance over its perception that Mercosur is becoming an obstacle to integration and wider growth in the region. Uruguayan Vice-President Danilo Astori seemingly sparked the debate a few weeks ago when he said that “Mercosur mustn’t be a terminal station,” calling for formal trade deals with the Pacific Alliance.

Tuesday, July 1st 2014 - 07:50 UTC

Uruguay received 237 cruise calls in 2013/14 with 409.367 visitors

A busy day in the port of Montevideo with several cruise vessels

During the 2013/14 season, 237 cruise vessels called in Uruguay's two main ports, Montevideo and Punta del Este, with 409.367 visitors, a 6,3% increase in calls over the previous season, according to a report released by the country's presidential web-site.

Monday, June 30th 2014 - 06:44 UTC

Uruguay ratifies Bolivia's Mercosur incorporation; consolidates Atlantic/Pacific corridor

The Mercosur administrative headquarters building in Montevideo

Uruguay promulgated the bill which incorporates Bolivia as the latest member of Mercosur, the South American group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela. The incorporation of Bolivia should help with the consolidation of a Mercosur Atlantic-Pacific corridor across South America.

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