Uruguay will expand sewage and rainwater drainage systems in Montevideo and improve management of City Hall's sanitation system thanks to a US$60 million loan approved by the Inter-American Development Bank (IDB). The money represents the second stage of a line of credit that the IDB approved for investment projects in December 2006.
Uruguayan president Tabare Vazquez is off to Europe for a two-week business and academic interests trip which begins on Friday in Spain and will continue in the Vatican, Austria and France. On Friday, Vazquez is scheduled to hold a private meeting with King Felipe IV of Spain, and on Monday with president Mariano Rajoy.
Uruguay's deputy tourism minister said that based on current trends the number of international tourist arrivals during the current summer season, which peaks in December and January, should rise by more than 10%.
Uruguay became the first member state of the Organization of American States (OAS) to deposit the instrument of ratification of the Inter-American Convention on the Protection of the Human Rights of Elderly Persons. The Permanent Representative of Uruguay, Hugo Cayrús, recalled that the legislature of his country ratified the Convention in September.
Venezuela will continue as member of Mercosur but with no right to vote, since it has not fully incorporated all the group's rules and regulations as had been agreed, revealed Uruguay's foreign minister Rodolfo Nin Novoa on Friday in Montevideo.
The lorry drivers' strike already under way in Uruguay, which broke up as a conflict between freight carriers and the agriculture sectors, may have its impact on the distribution of car petrol, warns Mauro Borzzaconi of the trucking association.
Uruguay plans to improve the rural roads network of the 18 department governments with support from two credit lines for an investment project totalling US$600 million with two initial loans completing US$150 million from the Inter-American Development Bank (IDB). The funds will support the implementation of rural roads construction in agriculture production areas, and will also be geared to improve and strengthen fiscal management and services at the departmental government level.
With a budget of 100 million dollars, construction of the 35-story building may start in June next year and be finished by 2020, it was announced by the same developers in charge of the residential project in Punta del Este under the name of next President of the United States.
Losses increase from US $ 9 million by mid year to US $ 14 million in September due to contraction of domestic demand, the fall in international prices and the percentage of ethanol cut in gasolines.Carboclor, ANCAP's subsidiary in Argentina, shows no sign of recovery in its most recent balancesheet as production fell below normal levels caused by financial shortcomings which in turn led to a decrease in the inflow of raw materials to the refinery in Campana in the province of Buenos Aires. Shutting down the plant for 25 days is being considered as a partial solution.
The Government of the Falkland Islands and the British Embassies in Uruguay, Brazil and Chile invited university students to participate in this regional competition to win the chance to visit the Falklands for a week, all expenses paid.