Uruguay’s Tourism minister is optimistic about the evolution of the industry and forecasts 2009 will be a better year in US dollars, than 2008. In spite of the global slowdown and the influenza scare the flow of visitors to Uruguay remains steady and is expected to improve 5% over last year.
Education in Uruguay has “failed” and the composition of the electorate has “changed dramatically”, an ideal mix for “populist proposals” said economist Ernesto Talvi, head of the social and economics think tank Ceres based in Montevideo.
Uruguay officially inaugurated on Wednesday a 10 MW capacity wind turbine park financed and equipped by Spain. The park belonging to Uruguay’s power company UTE is one of the many different efforts to broaden and diversify energy generation in the country.
The Uruguayan economy has two possible scenarios for recovery from the impact of the current world slowdown, in 2010 and in 2013, according to a local economics and social think tank, Ceres and its leading economist Ernesto Talvi.
Uruguay’s Public Health Minister, María Julia Muñoz, confirmed the first two cases of influenza A (H1N1) in her country during a press conference Wednesday. One of the two Uruguayans infected is 24-years-old and the other is a 15-year-old minor, who had both travelled to Argentina and returned to their country without apparent symptoms.
The value of the square metre in Uruguay’s most fashionable resort Punta del Este remains steady and experienced a slight increase in the last year according to an April report from ReporteInmobiliario.com, one of Buenos Aires leading real estate analysts.
Finland’s Stora Enso, Europe’s leading paper producer and Arauco, one of the largest forest industry enterprises in Latinamerica based in Chile, announced Monday the definitive purchase agreement for the joint (50%/50%) acquisition of Spanish pulp producer Grupo ENCE assets in Uruguay.
Mario Benedetti, Uruguay’s leading poet and one of Latinamerica’s most read authors died Sunday in Montevideo at the age of 88. He became famous in the Spanish speaking world in 1960 with his landmark novel La Tregua (The truce) which years later served as the script for a much praised film.
This week Uruguayan president Tabare Vazquez announced that his government will “allow gays to join the armed forces” by scrapping military rules that define homosexuality as a disorder”.
Uruguay’s rice 2009 crop is estimated in 1.3 million tons and although the area planted was 4.5% less that in 2008, yield is a record 8.012 kilos per hectare, according to the latest release from the Agriculture Statistics Department, DIEA.