Tag: Uruguay

• Thursday, May 30th 2013 - 00:10 UTC

  President Mujica to meet Pope Francis

  

  On Saturday June 1st the President of Uruguay, José Mujica, will meet Pope Francis. Mujica has been quoted as saying he does not believe in the Catholic Church but he “admires” it and that he hopes to open avenues of cooperation to advance on social issues in his country.

• Tuesday, May 28th 2013 - 22:05 UTC

  Uruguay’s Mujica: Integration with Asia is our “Strategy for the Future”

  

  On Tuesday Uruguayan President Jose Mujica said that the policy of integrating the economies of Asia and his country is a necessary “strategy for the future.”

• Tuesday, May 28th 2013 - 21:39 UTC

  Japanese oil company to explore Uruguayan offshore platform

  

  The Uruguayan offshore platform continues to advance its global positioning and increase its economic value as the Irish firm Tullow Oil, which is currently conducting exploration work in Block 15 of the Uruguayan offshore platform, sold 30% of its stake in its exploration contract to leading Japanese oil company Inpex.

• Tuesday, May 28th 2013 - 03:07 UTC

  Argentina and Brazil ‘fear’ a greater integration with China, says Mujica

  

  Uruguayan president Jose Mujica currently in Beijing on an official visit, underlined the significance of China in trade and investments fro South America, but also admitted there is some ‘fear’ mainly from Argentina and Brazil about a greater integration and dependency from the Asian giant.

• Monday, May 27th 2013 - 02:54 UTC

  Brazil warns Uruguay on Pacific Alliance plans: Mercosur can only act as ‘a block’

  

  Mercosur must negotiate any possible incorporation to the Alliance of the Pacific “as a block” since it is important that its member countries remain ‘united’ and respect the current charter, said the Mercosur High Representative, Ambassador Ivan Ramalho from Brazil.

• Thursday, May 23rd 2013 - 07:01 UTC

  Cristina Fernandez administration limits overseas dollar extractions to a minimum

  

  Continuing with the so called ‘dollar clamp’ Argentine institutions issuing credit cards will further limit the extraction of dollars from automatic cashiers: travellers to neighbouring countries will only be allowed 100 dollars every three months and those visiting non neighbouring countries, 800 dollars per month.

• Wednesday, May 22nd 2013 - 18:14 UTC

  Uruguay’s booming construction industry anticipates a tough year ahead

  

  The investment in the construction industry in Uruguay soared 26.45% last year over 2011 and reached seven billion dollars, of which 40% correspond to the Brazilian-Chilean pulp mill, Montes del Plata, the country’s largest investment in years equivalent to 2 billion dollars. However there are storm clouds ahead.

• Wednesday, May 22nd 2013 - 06:03 UTC

  Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways

  

  Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.

• Wednesday, May 22nd 2013 - 05:56 UTC

  Uruguay joins the women’s presidential club: Mujica flies to China and Astori to Colombia

  

  For several days beginning Wednesday Uruguay, as its neighbours, Brazil and Argentina will be ruled by a woman. Lucia Topolansky, Fist Lady but also Senator and third in the succession line will become interim president since her husband is off on an official trip to China and Europe, and Vice-president Danilo Astori will be attending the Alliance of the Pacific summit in Colombia.

• Wednesday, May 22nd 2013 - 05:53 UTC

  Uruguay’s main problem is high inflation but no policy changes planned, says Astori

  

  Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%.