Uruguayan President Jose Mujica has apologised to his Haitian counterpart Michel Martelly over the alleged rape of an 18-year-old Haitian man by Uruguayan UN peacekeeping troops in the poor Caribbean state.
Colombia's largest retailer Almacenes Exito SA launched a 2.5 trillion peso (1.4 billion dollars) stock sale for local and foreign investors Monday, the proceeds of which will be used to expand into Uruguay and elsewhere.
Uruguay’ government owned oil corporation ANCAP said on Friday it had begun exploratory drilling inland with its own resources. The announcement was done during the presentation of the II Uruguay Round to tender offshore exploratory blocks which has attracted interest from several regional and international corporations.
Uruguay’s Supreme Court ratified Friday the 25 year jail sentence for former military dictator General Gregorio Alvarez and for former naval officer Juan Carlos Larcebau found guilty of in 37 and 29 homicide cases, respectively, committed during the military regime from 1973 to 1985.
“Argentina wants to charge 49 dollars per KW of power transferred from Paraguay to Uruguay, which is five times what it charges Brazil” claims Paraguayan Vice President Federico Franco who described the pretension as “inadmissible and preposterous”.
Uruguay is facing its smallest clip in over a hundred years and the 2011/2012 season’s wool production is estimated to be limited to 32 million kilos according to Joaquin Martinicorena, president of the Uruguay’s Wool Secretariat, SUL.
Uruguay’s textile industry is short of wool and could be forced to import up to 20 million kilos, revealed Uruguayan Wool Secretariat (SUL) CEO Gabriel Capurro during the opening of an ovine industry seminar, organized by the country’s Corriedale breeders association.
Business climate remained stable in Latin America during the second quarter of the year in spite of signs of the incipient global financial crisis, according to the Brazilian Foundation and think-tank Getulio Vargas. Uruguay and Colombia led the pack of the most pro-business countries in the region.
The following feature piece from Reuters written by Hillary Burke and Malena Castaldi gives an idea of Uruguay’s international standing.
Uruguay’s beef industry is short of cattle and the annual slaughter for 2011 is expected to be the lowest in a decade, similar to ten years ago when the foot and mouth disease crisis that isolated the country from world markets.