Tag: Uruguay

• Wednesday, May 8th 2013 - 09:19 UTC

  Uruguay’s inflation in April eased for third month running, but remains above target

  

  Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.

• Monday, May 6th 2013 - 00:54 UTC

  Mujica wants to meet Pope Francis: social programs, housing and abortion in the agenda

  

  Uruguay has formally requested Pope Francis to receive President Jose Mujica when he travels at the end of the month to China, Spain and Italy. Mujica is an agnostic and Uruguay is one of the few Latinamerican countries in which the Catholic Church has been separated from the State for almost a century.

• Monday, May 6th 2013 - 00:34 UTC

  Uruguayans on average have to work 128 days a year to pay their taxes

  

  Uruguayans on average work 128 days, over a third of the year to pay taxes, according to a report from a local lobby group based on the “Tax-free day” which supposedly marks the end of the time dedicated to contribute to the treasury.

• Monday, May 6th 2013 - 00:28 UTC

  Maduro visits Uruguay on his first overseas trip since becoming elected president

  

  Venezuelan president Nicolas Maduro begins next Tuesday an official one visit to Uruguay when he will be meeting with head of state Jose Mujica and former president Tabare Vazquez.On Wednesday he plans to fly to Argentina and the following day, Brazil.

• Saturday, May 4th 2013 - 10:03 UTC

  Uruguay admits trade and economic relations with Argentina ‘couldn’t be worse’

  

  Vice-president Danilo Astori admitted on Friday that economic-trade relations with Argentina continue to deteriorate and seriously question Mercosur and Uruguay must therefore speed the search for other alternatives.

• Thursday, May 2nd 2013 - 08:03 UTC

  Where is Uruguay’s economy headed?

  

  Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.

• Wednesday, May 1st 2013 - 02:18 UTC

  Unpleasant surprises for the Uruguayan economy predicts a US financial group

  

  A serious deterioration is taking place under the surface of the Uruguayan economy and when the current inflow of foreign capital reverts, the country is going to suffer unpleasant shocks with a strong rise in the price of the US dollar and an increase in inflation, according to a report from the US based BCP Securities.

• Tuesday, April 30th 2013 - 22:59 UTC

  Chilean navy tugboat checking Antarctica area where Chinese factory ship went down

  

  A tugboat from the Chilean Navy equipped for environmental emergencies is trying to determine the position where the remains of the Chinese factory ship Kai Xin went down in Antarctica last week after catching fire and left adrift by the 97 member crew rescued by a Norwegian vessel and a reefer.

• Saturday, April 27th 2013 - 04:44 UTC

  Uruguayans hold 7.18bn in overseas deposits, according to BIS

  

  Deposits of Uruguayans in overseas banks experienced a drop in the last quarter of 2012, the second consecutive fall (3%), and now stand at 7.18bn dollars according to preliminary data released by the Bank for International Settlements.

• Thursday, April 25th 2013 - 21:26 UTC

  Uruguay GM lambs which have a luminescence reaction when exposed to UV conditions

  

  Uruguay has a ‘flock’ of nine six-month ‘brilliant’ lambs which behave as any other sheep but are really genetically modified and are planned to help with medicine research. They were born in a farm belonging to the Animal Reproduction Institute of Uruguay (Irauy) a non profit organization connected to the Genetically Modified Animals Unit from the Pasteur Institute, a branch in Montevideo of the renowned French scientific organization.