After a ruling issued Tuesday by a World Bank arbitration tribunal, the Uruguayan State will have to pay some US$ 30 million over the closing of the former flag carrier Pluna, which has triggered reciprocal accusations between the country's main political forces ahead of this year's presidential elections.
Sociedad Uruguaya de Aviación (SUA), a privately owned company, has begun the process of becoming Uruguay's new flag carrier. The endeavor is led by Antonio Rama, a Uruguayan commander who has been based in Doha for a decade.
Uruguay's Tourism Undersecretary Remo Monzeglio said during the weekend that there were several airlines interested in flying under the flag of the South American country.
Argentina's economic volatility has become a magnet for Uruguayan travelers during the winter recess, causing significant losses to local businesses, it was reported in Montevideo.
Former Banco República of Uruguay (BROU) CEO Fernando Calloia's 20-month jail sentence was upheld Tuesday by Uruguay's Supreme Court, thus extinguishing the chain of appeals available to the defendant.
Uruguay's government knows nothing about a lawsuit from a US investment fund for the bankruptcy of the flag airline PLUNA, Transport Minister Víctor Rossi explained Wednesday.
On Sunday 2.6 million Uruguayan registered voters will decide who will be their next president plus 30 Senators and 99 Lower House members. If no presidential candidate makes 50% of valid ballots plus one, the most probable result a run off takes place at the end of November between the two most voted candidates.
The Uruguayan Judiciary branch warned President Jose Mujica that he is in contempt of justice for ignoring a budget bill that contemplates salary increases for judges and other members of independent government bodies.
Uruguay will continue to consolidate its market friendly policies, pledged incoming Economy minister Mario Bergara, 48. on taking office on Thursday surrounded by President Jose Mujica and Vice president Danilo Astori. He replaced Fernando Lorenzo who was forced to resign following a major scandal involving the failure and shut down of the country's flag air carrier Pluna.
Uruguay's economy minister Fernando Lorenzo resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of Pluna, the country's flag carrier, President Jose Mujica announced at a brief press conference, with no questions taken, next to Vice president Danilo Astori.