Tag: Uruguay

• Friday, March 8th 2013 - 07:50 UTC

  IDB approves largest financial operation for Uruguay: 550 million dollars

  

  The Inter-American Development Bank (IDB) has approved a 550 million dollars operation for Uruguay to fund the Program for Strategic International Positioning, which aims to substantially increase investment and exports by strengthening the regulatory and institutional framework, promoting and facilitating trade, and boosting entrepreneurial innovation.

• Thursday, March 7th 2013 - 23:52 UTC

  Mujica calls for a “sensible attitude” from the US given the political situation in Venezuela

  

  Uruguayan president called for a “sensible attitude” from the United States given the new political situation in Venezuela following the death of leader Hugo Chavez and was also optimistic about the future of the country in the post Chavez era.

• Thursday, March 7th 2013 - 23:29 UTC

  Back in 1994 when Chavez visited Uruguay, “the current ruling coalition did not take him seriously”

  

  Uruguayan former president Jorge Batlle recalled in his Facebook column that when a still unknown Hugo Chavez visited Uruguay back in 1994, the now left-leaning ruling coalition didn’t take him seriously and the leader of the movement at the time General Liber Seregni did not receive him.

• Thursday, March 7th 2013 - 01:11 UTC

  French company investing 205m dollars in two wind farms with 35 turbines

  

  French Akuo Energy has broken ground at two maiden wind farm developments in Uruguay totalling 92MW, as it prepares to expand its footprint across Latin America.

• Thursday, March 7th 2013 - 00:46 UTC

  Uruguay’s central bank acts to contain inflation out of target for three years running

  

  Uruguay's central bank announced on Wednesday it will raise marginal reserve requirements on local and foreign currency deposits from April 1 as part of its effort to bring inflation within the official target range, which has been missed in the last three years.

• Tuesday, March 5th 2013 - 05:33 UTC

  An estimated one million dollars ‘trickled’ per day from Argentina to Uruguayan banks

  

  The dollar ‘clamp’ in Argentina had led to a ‘dollar trickle’ to Uruguayan banks, which according to official data from the two central banks can be estimated at a million dollars per day.

• Tuesday, March 5th 2013 - 05:29 UTC

  February inflation in Uruguay again above target: 8.89% in the last twelve months

  

  The Consumer Price Index, CPI, in Uruguay climbed 0.99% during February, accumulating 2.91% in the first two months of the year, and 8.89% in the last twelve months, far above the government’s target of 4% to 6%, according to the National Institute of Statistics, INE Monday release.

• Saturday, March 2nd 2013 - 08:36 UTC

  Mujica says Mercosur is a stalled pachyderm and needs trade accords with third parties

  

  Mercosur more than a common market is a “poor customs union” said Uruguayan president Jose Mujica adding that new discussions on the future of the group’s future should be considered but which imply the possibility of establishing new free trade agreements with third parties.

• Friday, March 1st 2013 - 00:17 UTC

  Relations with Cristina Fernandez are “an impossible mission”, admits Mujica

  

  Uruguayan president Jose Mujica admits that relations between Uruguay and Argentina’s Cristina Fernandez can be “an impossible mission”, but at the same time praised Venezuela’s Hugo Chavez “as the most generous head of state he has ever met”.

• Monday, February 25th 2013 - 06:50 UTC

  Demonstration against Uruguay Supreme Court to protest human rights rulings

  

  Human rights groups with the support from political organizations, labour unions and students are planning a march and demonstration against Uruguay’s Supreme Court to protest a ruling that in effect re-instates an amnesty law which benefits military and police officers allegedly involved in human rights crimes during the 1973/84 dictatorship.