Uruguay

• Monday, December 17th 2012 - 06:03 UTC

  Talvi says Uruguayan government reacts with ‘authoritarian ticks” to criticism

  

  The head of an economics think-tank said that the Uruguayan government reactions to his criticisms of the management of the country’s economy are a kind of “authoritarian tick” which pretends to censor all those who do not share the “official truths”.

• Monday, December 17th 2012 - 05:57 UTC

  Korean trawler catches fire in Montevideo; crew saved and no ammoniac on board

  

  A Korean flagged trawler that caught fire in early morning Sunday has been tugged to the middle of the bay of Montevideo where a combined effort of Uruguayan Coast Guard, port authorities and fire fighters have controlled the flames after rescuing forty crewmembers, mostly Chinese, Vietnamese, Indonesian and Korean officers.

• Friday, December 14th 2012 - 20:35 UTC

  “Tackling inflation”, Uruguay’s top priority says IMF and suggests government cuts spending

  

  “Tackling inflation is Uruguay’s priority” said the International Monetary Fund board on Friday after inflation in October climbed to 9.1%. Monetary policy is not enough: the government must make efforts to cut back government spending and moderating wage growth insisted the IMF.

• Friday, December 14th 2012 - 07:42 UTC

  Uruguayan economy expands 3% in third quarter boosted by construction of pulp mill

  

  Uruguay’s economy grew faster than economists expected in the third quarter, spurred by increased construction, transportation and communications activity. GDP expanded 3% from a year earlier, the central bank said on Thursday on its website. The economy grew 1.2 percent from the second quarter, the bank said.

• Wednesday, December 12th 2012 - 19:34 UTC

  Uruguay’s fiscal and salaries policies out of control plus heterodox ‘solutions’ rumours

  

  Uruguay has “politicized the management of its economy” with the government letting the “trade unions and its political allies” master the country’s budget and the salaries policy, claimed Ernesto Talvi a conservative economist from the local think-tank CERES who is also a World Bank consultant.

• Wednesday, December 12th 2012 - 18:40 UTC

  Uruguay legalizes same sex marriage and rights by overwhelming majority

  

  Uruguay’s Lower House voted 81 in 87 to legalize same sex marriage on Wednesday, approving a single law for both heterosexuals and homosexuals regulating all kinds of family issues, from divorce to adoption to in-vitro fertilization and how parents can name their children.

• Wednesday, December 5th 2012 - 21:08 UTC

  Uruguay exporters complain about competitiveness and cheap dollar problems

  

  President Jose Mujica admitted on Tuesday before the country’s Exporters Union lobby that Uruguay has competitiveness problems and it is ‘not an easy challenge’ but nevertheless 2012 will again be a record year for overseas sales.

• Wednesday, December 5th 2012 - 19:15 UTC

  Inflation in Uruguay remains out of target despite government efforts

  

  Uruguay’s inflation in November was over 9% in the last twelve months despite government efforts to contain it by agreeing a price freeze with leading supermarkets and having public utilities’ rates unchanged.

• Wednesday, December 5th 2012 - 05:22 UTC

  Dealing with Argentina “one of the most painful problems” admits President Mujica

  

  Uruguayan president Jose Mujica confessed that dealing with neighbouring Argentina is “one of the most painful problems” faced by his administration given the weight of the Argentine economy.

• Monday, December 3rd 2012 - 20:49 UTC

  Uruguay budget deficit trebles in twelve months and soars to 3% of GDP

  

  Uruguay’s budget deficit soared to 3% of GDP in the twelve months to the end of October, the highest since November 2003, (3.1%) when the country was recovering from the financial crisis which spilt over from Argentina. The deficit also exposes Uruguay’s precarious power generating situation.