Residents from Gualeguaychú, Argentina confirmed that on Sunday they will attempt crossing an international bridge to Uruguay to protest the production expansion of the pulp mill Botnia/UPM, authorized by the government of President Jose Mujica. This despite the fact Uruguayan officials anticipated that at the most “eight or nine” Argentine officials and representatives from the protestors will be allowed to meet with their Uruguayan counterparts to discuss the situation.
The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had moderated to a more sustainable pace after a decade of strong expansion.
Brazil’s state-run oil company Petrobras approved the sale of the company's stake in two oil prospects in Uruguay's Punta del Oeste Basin to Royal Dutch Shell Plc for 17 million dollars, according to a filing late on Friday. The two prospects are identified as Blocks 3 and 4.
The Falkland Islands Government remains, confident that a mutually acceptable outcome can be reached with Rockhopper, on the matter of their tax bill from FIG, confirmed Financial Secretary Nicola Granger last week and indicated the situation would have no impact on local tax laws.
Argentine President Cristina Fernández was diagnosed chronic subdural collection and prescribed one month of rest after suffering cardiac arrhythmia, according to the official release from Government House on Saturday. Vice President Amado Boudou will manage the Cabinet for the upcoming 30 days.