Last December, the CPI actually contracted 0.55%, something similar to what happened twelve months before helped by a significant decrease in the power rate, estimated at 19.65% and which benefitted over a million clients. The logo of the end of the year bonus campaign is “Ute Prize” (UTE is the Uruguayan power company which works under a government monopoly regime).
Uruguay and Argentina have imposed a hake catch ban in the shared fishing zone of the River Plate until the end of March, and also established a full twelve month catch of 50.000 tons.
At least 19 people injured one of them seriously, was the result of the summer storm with winds of up to 120km that struck the Uruguayan capital Montevideo, and the eastern coast line to almost the border with Brazil, some 350kms away. The report from the national Healthcare system, SAME, said that most patients are from Montevideo and three from the adjoining seaside resorts.
Former General Gregorio Alvarez, the last leader of Uruguay’s dictatorship, 1973/1984, died in Montevideo on Wednesday while serving a prison sentence for human rights abuses. He was 91. The military’s health service said he died at the Central Hospital of the Armed Forces. He was buried in a private ceremony on Wednesday.
Uruguayan oil company ANCAP announced Wednesday through a press release that one of its companies, Carboclor S.A., based in Argentina, had turned to the courts to start the reorganization proceedings, known in Argentinian law as Concurso Preventivo, which is very similar to the United States' Chapter Eleven bankruptcy mechanism.
British ambassador in Uruguay Ian Duddy, on Monday, made the official presentation of his diplomatic credentials to President Tabaré Vázquez, thus completing the formalities of his post.
The Uruguayan government seems to have found the clue to climate change phenomena: it is looking into the legal aspects of limiting weather information, forecasts and warnings, to the official reports from the national Met Office, Inumet (veiled censorship?), which has on several occasions missed to anticipate some serious climate events.
On the eve of Argentina becoming the next chair of Mercosur, Venezuelan president Nicolas Maduro revealed he held an hour long video conference with his Uruguayan peer Tabare Vazquez and they both agreed in building a path to channel the current conflict, which has Venezuela suspended from the group, but is rejected point blank by Caracas.
The International Monetary Fund (IMF) on Thursday raised its forecast for economic growth in Uruguay this year to 0.7%, a substantial increase from the 0.1% estimated in October, and underlined the country's resilience to the problems of its neighbors Argentina and Brazil.
Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to data published on Tuesday by the National Statistics Institute (INE). In September this index was at 8.4% and a year ago, in October 2015, at 8.5%.