An estimated one thousand workers resumed Monday their jobs at the controversial Botnia-Orion pulp mill under construction in Fray Bentos, Uruguay, following the accidental death of a worker last week at the plant.
The controversial Botnia-Orion pulp mill under construction in Uruguay and which has caused an escalating conflict with neighboring Argentina will cease all activities for 48 hours following the death of a welder assistant crushed Tuesday in a labor accident.
While Zurich is considered the best city in the world to live in, Montevideo in Uruguay leads in Latinamerica followed by Buenos Aires and Santiago de Chile according to the Mercer Human Resource Consulting Quality of Living ranking of 215 cities taking New York as reference, with 100 points.
Uruguay sold this week 500 million US dollars in inflation-linked bonds denominated in pesos and due to mature in 2027, at a yield of 4.25% over inflation, said Economy Minister Danilo Astori.
Uruguay should not slam the door on Mercosur and on the contrary should argue in favor of a strategy of greater international insertion for the block recommended Francisco Panizza from the London School of Economics.
The Uruguay/Argentina controversy over the construction of pulp mills escalated another step Monday when the Finnish company Botnia, next to Uruguayan government officials, announced in Montevideo the plant would begin production next September, which is a month before presidential elections in Argentina.
China's largest domestic automaker announced Friday the opening of an assembly plant in Uruguay with an Argentine partner, marking the first investment by a Chinese company in an auto factory in South America.
Uruguayan and Argentine delegates will meet next April 18/20 in Madrid to address the ongoing pulp mill controversy, following on the dialogue facilitating efforts sponsored by the King of Spain at the end of last year.
An important delegation of Uruguayan businessmen will be traveling with President Tabare Vazquez to Chile next April 9/10 to promote bilateral trade and business between both countries, according to Montevideo sources.
Uruguay's economy expanded 7% in 2006 boosted by the communications and transport sectors according to the latest release from the country's Central Bank.