Tag: Uruguay

• Friday, March 30th 2012 - 07:54 UTC

  For Uruguay “there is not blockade of Malvinas by any country of the continent”

  

  Uruguay reiterated its full and traditional support for Argentina’s sovereignty claims over the Falklands/Malvinas Islands, but at the same time underlined that “there is no blockade to the inhabitants of the Malvinas Islands by any country of the continent”, and clearly differentiated the Cuban and Malvinas blockades.

• Friday, March 30th 2012 - 07:11 UTC

  Inflation notoriously above the target range, admits Uruguay’s central bank

  

  The Central Bank of Uruguay left its benchmark interest rate unchanged at 8.75% on Thursday, saying the current level is consistent with a restrictive monetary policy as Uruguayan authorities stubbornly battle high inflation.

• Friday, March 30th 2012 - 06:58 UTC

  Nine companies submit 19 bids to explore for oil offshore Uruguay

  

  Nine oil and gas companies have submitted 19 bids to explore for hydrocarbons off the coast of Uruguay, the state energy company Ancap said on Thursday.

• Friday, March 30th 2012 - 06:47 UTC

  Uruguay against any Falklands’ blockade; supports trade with the Islands

  

  Foreign Affairs minister Luis Almagro said that the Uruguayan government does not oppose trade with the Falkland Islands and any undertaking to that effect by the private sector is welcome since “Uruguay does not agree with any commercial or economic blockade of the Islands”.

• Wednesday, March 28th 2012 - 17:06 UTC

  Argentine radicals planned to ‘capture” Falklands’ conflict vessel in Montevideo

  

  An Argentine extremist group is planning to ‘capture’ a vessel which was involved in the Falklands conflict and currently flies the Uruguayan flag and operates in the port of Montevideo, as an act of vindication ahead of the coming 30th anniversary of the Argentine invasion of the Islands.

• Saturday, March 24th 2012 - 08:51 UTC

  Uruguay’s economy slows in fourth quarter but expands a “very good” 5.7% in 2011

  

  Uruguay’s economic growth slowed more than economists forecast in the fourth quarter as a refinery closure and the start of a drought trimmed a nine-year expansion; nevertheless the Central Bank said overall expansion in the twelve months of 2011 was “very good” in the current global context and just short of government’s target.

• Thursday, March 22nd 2012 - 21:48 UTC

  World health organization supports Australia in its clash with the tobacco industry

  

  The World Health Organization, WHO, Director-General Margaret Chan urged the world to “stand shoulder to shoulder” against the tobacco industry’s attempts to overturn Australia’s new path breaking tobacco control law.

• Tuesday, March 20th 2012 - 05:05 UTC

  Mujica promises to “fight to the death” for the future of Mercosur

  

  Uruguayan president Jose Mujica promised on Monday to ‘fight to the death’ for the future of Mercosur in spite of the fact that the group’s junior members Uruguay and Paraguay are suffering the most as Argentina and Brazil implement growing hurdles to trade.

• Monday, March 19th 2012 - 23:23 UTC

  Philip Morris sues Uruguay cigarette-labeling claiming violation of investment treaty

  

  Measures taken by Uruguay to deter smokers have drawn a legal challenge by one of the world’s largest tobacco companies under a treaty designed to protect foreign investors, according to the Centre for Trade and Sustainable Development.

• Monday, March 19th 2012 - 06:57 UTC

  Moody’s confirms Uruguay closer to investment grade rating based on debt management

  

  Uruguay is likely to be the next Latin American country to win an investment grade rating from Moody's Investors Service, with a review likely late this year, a senior officer from the ratings agency said on Sunday.