Uruguay announced on Thursday new measures to discourage short term speculative capital inflows that have appreciated the Peso, eroded the country’s international competitiveness, made imports cheaper than domestic production and threaten an already stubborn inflation.
“The time for rhetoric exercises has run out”, said Uruguayan former president Tabare Vazquez during a presentation before the Latin American Studies Association, LASA, in Washington where he emphasized the need for Latinamerican countries to advance in agreements with the United States.
Vice-president and acting president Danilo Astori strongly defended the Uruguayan government’s intention of joining the Pacific Alliance, next to Chile, Colombia, Peru and Mexico, claiming that Mercosur has fallen into a state of ‘inactivity’ but also rejected point blank statements from Brazilian diplomacy contrary to such a move.
Two Chinese jiggers are in quarantine 12 kilometres off the port of Montevideo following the death of two crew members and the hospitalization of another two in separate incidents.
Consumer prices in Uruguay during May increased 0.32% and 8.06% in the last twelve months which is still above the annual top target range of 6%, but on the positive side for the fourth month running inflation has been decreasing, according to the latest release from the stats office INE.
Lawmaker Jaime Trobo invited his peers in the Lower House to review the Uruguayan government’s position regarding the Malvinas Islands and without questioning Argentine sovereignty, establish close trade and human links with the Islanders, as in the past, eliminating the ‘sanitary ring’ imposed by the current Argentine government.
Uruguayan president Jose Mujica called on Spain for a more decisive role in the trade and cooperation agreement discussions between Mercosur and the European Union which have been going on for over a decade.
Denmark’s Vestas Wind Systems wind-turbine maker received a 90-megawatt turbine order from Compañia Forestal Uruguaya SA for the Pintado power plant in south centre Uruguay. The 30 3-megawatt turbines project will be serviced by the company for 15 years and the farm is expected to be operational by the second quarter of next year.
Uruguayan president Jose Mujica, 78, cancelled the last leg of his European visit, Italy, saying he was exhausted and suffering from jet-lag. He has been in the road since May 22, with a first official three-day visit to China, later to Spain, the Vatican and to Galicia and the Basque country, from where his family came.
Uruguay was deemed the friendliest toward gay in Latinamerica and among the top countries in the world, according to the latest Spartacus International Gay Travel Index which ranks 139 countries worldwide.