Uruguay

• Monday, March 11th 2013 - 21:26 UTC

  Praise for Falklands’ population tolerance and criticism for Argentina’s approach

  

  ”I came to meet a peaceful population of sheep farmers and fishing people and they were not waiting for me to support them” but they have very strong and historic links with Uruguay, said lawmaker Jose Cardoso, who is currently in the Falklands to observe the referendum on the Islanders political status and future.

• Monday, March 11th 2013 - 20:25 UTC

  Uruguayan observer in Falklands’ referendum: “voting is a human right that supports freedom of expression”

  

  “Voting is a human right and electoral observation does not validate a thing, it is a simple act of analyzing if those conditions people have proposed for the ballot event, are fully complied” said Uruguayan lawmaker Jaime Trobo currently in the Falklands for the referendum on the Islands political status and future.

• Monday, March 11th 2013 - 05:06 UTC

  Uruguay defence minister blasts Uruguayan observers at Falklands referendum

  

  Uruguay Minister of Defence Eleuterio Fernandez Huidobro described as an “enormous shame” for the country the fact that two lawmakers from the leading opposition National party travelled to the Falklands/Malvinas to participate as observers of the Sunday/Monday referendum on the Islands political status and future.

• Saturday, March 9th 2013 - 05:20 UTC

  Mujica tells Venezuelans that big contradictions in society are ‘not squashed but conducted’

  

  Uruguayan president Jose Mujica called for unity and responsibility in Venezuela, ‘to fight for freedom and peace’ and cautioned that big contradictions in a society are not squashed but conducted. He also called on Brazil to lead the region but warned: “not creating a new regional empire”.

• Friday, March 8th 2013 - 07:58 UTC

  Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies

  

  Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.

• Friday, March 8th 2013 - 07:50 UTC

  IDB approves largest financial operation for Uruguay: 550 million dollars

  

  The Inter-American Development Bank (IDB) has approved a 550 million dollars operation for Uruguay to fund the Program for Strategic International Positioning, which aims to substantially increase investment and exports by strengthening the regulatory and institutional framework, promoting and facilitating trade, and boosting entrepreneurial innovation.

• Thursday, March 7th 2013 - 23:52 UTC

  Mujica calls for a “sensible attitude” from the US given the political situation in Venezuela

  

  Uruguayan president called for a “sensible attitude” from the United States given the new political situation in Venezuela following the death of leader Hugo Chavez and was also optimistic about the future of the country in the post Chavez era.

• Thursday, March 7th 2013 - 23:29 UTC

  Back in 1994 when Chavez visited Uruguay, “the current ruling coalition did not take him seriously”

  

  Uruguayan former president Jorge Batlle recalled in his Facebook column that when a still unknown Hugo Chavez visited Uruguay back in 1994, the now left-leaning ruling coalition didn’t take him seriously and the leader of the movement at the time General Liber Seregni did not receive him.

• Thursday, March 7th 2013 - 01:11 UTC

  French company investing 205m dollars in two wind farms with 35 turbines

  

  French Akuo Energy has broken ground at two maiden wind farm developments in Uruguay totalling 92MW, as it prepares to expand its footprint across Latin America.

• Thursday, March 7th 2013 - 00:46 UTC

  Uruguay’s central bank acts to contain inflation out of target for three years running

  

  Uruguay's central bank announced on Wednesday it will raise marginal reserve requirements on local and foreign currency deposits from April 1 as part of its effort to bring inflation within the official target range, which has been missed in the last three years.