Uruguay

Friday, February 28th 2014 - 05:09 UTC
Minister announces Maduro will inform Unasur on the Venezuela situation

Foreign minister Elías Jaua said that Caracas will not accept international mediation in the current situation faced by Venezuela but nevertheless thanked Uruguay's president Jose Mujica for his efforts and knowledge about what's going on in his country.
Friday, February 21st 2014 - 08:05 UTC
Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge

Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.
Friday, February 21st 2014 - 00:16 UTC
Uruguayans want closer links and trade with the Falklands/Malvinas shows survey

A majority of Uruguayans, 55%, believe their country must support Argentina's sovereignty claims over the Falklands/Malvinas Islands but an overwhelming 80% also want closer trade links with the Islands and reject the ban on Falklands flagged vessels to operate from Montevideo or other Uruguayan ports. In both cases neutral opinions range 11% and 12%.
Thursday, February 20th 2014 - 10:27 UTC
Scolari wants to banish the ghosts of the 1950 when Brazil was beaten by Uruguay

Coach Luis Filipe Scolari says he wants Brazil to banish the ghosts of 1950, when his country last hosted the World Cup and lost the final in a defeat against neighboring Uruguay that has haunted them ever since.
Wednesday, February 19th 2014 - 22:38 UTC
Mercosur to meet 7 March to finalize the proposal to be presented to EU

In early March Mercosur will have readied its proposal to liberate trade to be presented to the European Union, the basis for a wide-ranging cooperation and trade agreement between the two blocks, announced Rubens Barbosa, head of the Trade Council from the Sao Paulo State Industries Federation, FIESP.
Tuesday, February 18th 2014 - 21:33 UTC
Mujica exposed 'to contempt of justice' for refusing to pay Judiciary branch budget increase

The Uruguayan Judiciary branch warned President Jose Mujica that he is in contempt of justice for ignoring a budget bill that contemplates salary increases for judges and other members of independent government bodies.
Monday, February 17th 2014 - 10:00 UTC
Uruguay will appeal to a cut in state-run utilities rates, if necessary, to keep inflation under control

Uruguayan President Jose Mujica admitted that annual inflation would likely remain between 7 and 9% for the rest of his administration, above the government's target maximum, but he will appeal to a cut in state-run utilities rates if necessary to keep the index under control.
Monday, February 17th 2014 - 09:42 UTC
Uruguay and Venezuela will further increase energy related cooperation

Uruguay will renew the contract for the purchase of Venezuela oil and accept the stake increase of that country in a local bio-fuels corporation during the scheduled visit of President Nicolas Maduro to Montevideo next month; it was announced by the Uruguayan Foreign affairs ministry.
Monday, February 17th 2014 - 09:09 UTC
Uruguay's budget surplus reached 2.3% of GDP in 2013

Despite a decade of sustained growth Uruguay's fiscal deficit reached 2.3% of GDP last year, which is an improvement over 2012, when it reached 2.8%, but above the government's target of 2.1%. In money terms this means the budget red was equivalent to 1.154bn dollars, including 350 million dollar losses from government owned companies.
Friday, February 14th 2014 - 21:22 UTC
Total to drill first exploratory well in Uruguay's shelf in October 2015

French oil giant Total will be drilling its first well in Uruguay's continental shelf in October 2015, announced the president of the country's oil and gas government owned company ANCAP. Jose Coya also revealed that the company he leads is working on the third Uruguay Round which will implement in the last quarter of next year.