Tag: Uruguay

• Friday, February 1st 2013 - 23:07 UTC

  Uruguay’s budget deficit soars to 2.8% of GDP; Minister pleads for ‘austerity’

  

  Uruguay’s budget fiscal deficit soared to 1.35 billion dollars or 2.8% of GDP last year, the highest since 2003, propped by energy costs, extraordinary one time payments and support for the recently implemented national health scheme, according to a release from the Ministry of Economy.

• Friday, February 1st 2013 - 07:38 UTC

  Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

  

  The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.

• Friday, February 1st 2013 - 07:32 UTC

  Cost of crimes against property and people in Uruguay estimated at 3.1% of GDP

  

  The cost of crimes against property and people in Uruguay in 2010 totaled at least 1.2 billion dollars, which was equivalent to 3.1% of the country’s GDP. This was the conclusion of a new study carried out at the country’s Economic Research Center by researchers Aboal Diego, Jorge Campanella, and Bibiana Lanzilotta, with the collaboration of Magdalena Dominguez and Maren Vairo.

• Monday, January 28th 2013 - 19:00 UTC

  “Fortress Falklands” Spanish version of G. Bound latest book launched in Uruguay

  

  “Fortress Falklands, life under siege in Britain’s last outpost”, Graham Bound’s newest book on the subject of the Falkland Islands has been published in Spanish in Uruguay, allowing Argentines to, “learn a thing or two that might surprise them,” Graham told Penguin News this week.

• Saturday, January 12th 2013 - 12:00 UTC

  Twenty four South Atlantic countries meet in Uruguay to promote cooperation

  

  Twenty four countries from South America and Africa with coast on the Atlantic Ocean will be debating next week in Uruguay how to increase cooperation in several fields such as environment, charting and seabed resources exploration and fighting organized crime.

• Friday, January 11th 2013 - 08:36 UTC

  Argentine tourists must pay 8 pesos for the US dollar in neighbouring countries

  

  Following on the climbing tendency since the beginning of the year, the ‘blue’ or ‘parallel’ US dollar traded in Buenos Aires at 7.25 Argentine Pesos with a 46% gap over the ‘official’ dollar that remained relatively stable at 4.95 Pesos.

• Wednesday, January 9th 2013 - 05:26 UTC

  Mujica flies to Caracas “to support the government and people of Venezuela”

  

  Uruguayan president Jose Mujica leaves for Caracas “to support the government and people of Venezuela” on Thursday 10 January, the date in which convalescent re-re-elected president Hugo Chavez is supposed to take the oath of office.

• Tuesday, January 8th 2013 - 07:14 UTC

  Falklands have become a nation that “shares with Uruguay common memories and times to come”

  

  By Dr. Jorge Stanham, MBE - The British Hospital in Montevideo has a long established relation with the Falkland Islands going back over a century.

• Tuesday, January 8th 2013 - 00:04 UTC

  Uruguay wants to become one of the world’s leading wind power producers

  

  The Uruguayan government has set its sights on becoming one of the world's leading wind power producers as part of plans to produce 90% of its electricity from renewable sources by 2015, although much of the plan is still on the drawing board.

• Saturday, January 5th 2013 - 05:59 UTC

  Lowering the price of power, Uruguay ends 2012 with an inflation of 7.48%

  

  Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%.