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Montevideo, July 14th 2024 - 02:15 UTC

Tag: Danilo Astori

  • Saturday, November 11th 2023 - 10:16 UTC

    Former VP Astori, architect of Uruguay's 21st century economy, dead at age 83

    Astori was elected many times to the Senate, served as Economy Minister twice under President Tabaré Vázquez, and was VP under José “Pepe” Mujica

    Former Uruguayan Vice President Danilo Astori (2010-2015) died Friday at the age of 83 from complications following a hip fracture for which he had been hospitalized since late October, it was reported in Montevideo. Astori had resigned his seat on the Senate late last year due to other health problems.

  • Tuesday, November 15th 2022 - 09:30 UTC

    Uruguayan Former Vice President Danilo Astori resigns from his Senate seat

    Beset by health problems that he had been carrying since before the beginning of the pandemic, the former vice-president was unable to return to normal parliamentary work

    Former Economy Minister Danilo Astori informed the Frente Amplio (Broad Front) party on Monday that he will resign his seat in the Senate on Tuesday.

  • Saturday, October 26th 2019 - 09:59 UTC

    Uruguay votes on Sunday with a strong forecast change in the air

    Incumbent candidate, Daniel Martinez and former mayor of Montevideo

    Uruguayans head to the polls on Sunday to elect a new president, 30 senators and 99 Lower House members. If none of the eleven presidential candidates manages 50% of cast votes plus one on 27 October, a runoff between the two hopefuls with most support is scheduled for 24 November.

  • Tuesday, October 8th 2019 - 09:56 UTC

    Uruguayan election: “a ponies race, no thoroughbreds competing”

    Daniel Martinez, the incumbent candidate, and Luis Lacalle Pou in October 1st presidential TV debate.

    On Sunday 27 October the Uruguayan electorate will be voting for a new president (there is no immediate reelection) and a renewed Legislative, 30 Senators and 99 Lower House members. Uruguay is one of the more stable countries in the region, both it's solid institutions as well as its citizens who are deeply committed to democracy, social rights and a strong presence of government in the economy.

  • Tuesday, July 30th 2019 - 09:53 UTC

    Uruguay's Mujica blasts Malaysia as “a dictatorship where they kill 25 people every day”

    Venezuela is a dictatorship as is Saudi Arabia, Malaysia, China argued Mujica

    Malaysia is a bloodthirsty dictatorship where they kill 25 people every day, according to Uruguay's ex president Jose Mujica. The Uruguayan leader speaking at a political rally put in the same bag, Saudi Arabia, Malaysia, China as part of a poor defense of the regime of his good friend, the president of Venezuela, Nicolas Maduro.

  • Saturday, July 20th 2019 - 09:50 UTC

    Strong contraction of Uruguay's economy: GDP forecasted to grow 0.6% this year

    Minister Astori said “the government was making everything possible to recover growth levels, and at the same time, improve fiscal results”.

    Uruguay's Economy minister admitted on Friday that the country will end 2019 with a “very modest growth”, in the range of 0.6%, but was confident the economy would pick up in 2020 when the construction of a new pulp mill, with an investment of at least two billion dollars, is scheduled to start.

  • Wednesday, June 5th 2019 - 21:00 UTC

    Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

    The government of Uruguay recognizes that it must work to resume better levels of growth. Provide greater incentives to investors and entrepreneurs was the method set to change the course.

    Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.

  • Monday, October 8th 2018 - 12:56 UTC

    Astori surprised by Fitch ratings, confident Uruguay will bounce back

    Astori recalled that Uruguay went through a similar situation two years ago when the rating was lowered and then the government managed to reverse it.

    Uruguay's Economy Minister Danilo Astori Sunday said he was surprised at last week's decision by the Fitch agency to maintain Uruguay's investment grade as it lowered the outlook down to BBB- and pointed out that this report “contrasts openly with those of other risk rating agencies and with the market itself.”

  • Monday, June 18th 2018 - 11:14 UTC

    Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

     Nin Novoa fears negotiations with EU could temporarily “breakdown”, although he anticipated he was committed to avoid such a situation.

    Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.

  • Wednesday, May 9th 2018 - 20:19 UTC

    US Dollar rises: Uruguay behind Argentina

    The exchange houses in the center of Montevideo today marked up to 31.70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday - the highest in five years. Photo: Sebastián Astorga

    After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.