Foreign direct investment in Uruguay reached 1.6 billion US dollars in 2010, up 28% from 2009, according to the fourth quarter Balance of Payments report released this week by the country’s Central bank.
President Hugo Chavez confirmed he would run for re-election in 2012 and made a strong call for regional unity warning that “if capitalism returns to Venezuela” it would mark the end of oil cooperation.
Venezuela’s president Hugo Chavez said on Wednesday during a press conference in Montevideo that the Libyan leader Moammar Gaddafi “is doing what has to be done, resisting an imperial aggression” and added that “it’s not anticipated that he has plans to leave Libya”.
Israel will follow with a critical eye the United Nations organized forum on the Israel-Palestine conflict which opened Tuesday in Montevideo, because whatever the results, the Israeli government is ‘particularly interested in the Uruguayan government’s position’.
The number of farmland transactions and the price per hectare were up in Uruguay during 2010 according to a release from Uruguay’s Agriculture and Livestock Ministry Statistics Department, DIEA.
Brazilian former president Lula da Silva underlined the significance of Latin America’s left and its responsibility as a model for developed countries in crisis, during a political rally in Montevideo to celebrate the fortieth anniversary of the Uruguayan ruling coalition, Broad Front.
Uruguay's central bank this week surprised local economists and raised its benchmark interest rate 100 base points, one percentage point to 7.5%, in an attempt to help combat accelerating inflation which is beyond the government's target range.
The United States economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3%, a government report showed.
Uruguay’s ruling coalition is celebrating its fortieth anniversary with a massive political rally in downtown Montevideo where the main speaker will be the former Brazilian president Lula da Silva.
Uruguay must remove obstacles to prosecuting human rights offences committed during its dirty war in the 1970s, including an amnesty that had protected military and police officers accused of killings, kidnappings or torture, the Inter-American Human Rights Court ruled.