Uruguay

• Wednesday, December 22nd 2010 - 05:29 UTC

  Uruguay’s sky-blue colours celebrate a hundred years of glory and pride

  

  With the attendance of the country’s highest political authorities including President Jose Mujica and sports’ figures Uruguay celebrated Tuesday the hundredth anniversary of its sky-blue colours, world famous in international soccer.

• Saturday, December 18th 2010 - 00:11 UTC

  Mujica calls on other Latinamerican countries to join Mercosur

  

  Uruguayan president Jose Mujica called on the Mercosur summit for a quick incorporation of Venezuela as full member of the group and said it was time the rest of Latin America moved closer to the integration process.

• Friday, December 17th 2010 - 23:04 UTC

  IMF anticipates ‘soft-landing’ of Uruguay’s economy in next two years

  

  The International Monetary Fund said economic growth in Uruguay will probably slow over the next two years, requiring policy makers to prepare for a “soft landing.”

• Friday, December 17th 2010 - 22:28 UTC

  Uruguay, only “full democracy”• in South America; ranks 21 world-wide

  

  Uruguay is South America’s leading democracy and ranks 21 internationally according to The Economist Intelligence Unit, which makes an annual evaluation of democratic conditions.

• Wednesday, December 15th 2010 - 04:08 UTC

  Uruguay beef exports fall in volume but increase in value

  

  Uruguay’s beef exports dropped in volume but increased in value during the first eleven months of 2010, with Russia for a second consecutive year as the top client, according to the latest release from the National Meats Institute, INAC.

• Monday, December 13th 2010 - 07:48 UTC

  Montevideo no longer stinky, but what will happen with the radicals?

  

  The dirty, stinking city of Montevideo with over 7.000 tons of several-days uncollected garbage was slowly returning to normal Sunday after the Army was sent out to the streets to clear the mess and fearful municipal workers promised to return to their jobs.

• Monday, December 13th 2010 - 04:51 UTC

  Top Korean steelmaker earns carbon-credits with afforestation project in Uruguay

  

  Korea’s POSCO major forestation project in Uruguay has been accredited by the United Nations as helping offset the steel-maker's huge carbon footprint. The Korean steel-maker registered the CDM (Clean Development Mechanism) business with the UN Framework Convention on Climate Change (UNFCC) to earn carbon credits through its afforestation project in Uruguay.

• Monday, December 13th 2010 - 03:18 UTC

  Uruguay’s Central bank contracts auditing firm for 2010/2012

  

  Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the Central Bank of Uruguay (Banco Central del Uruguay). The audit was won in public competition against Big-4 firms for the period 2010 - 2012.

• Thursday, December 9th 2010 - 16:31 UTC

  Moody’s rates Uruguay just below ‘investment grade’ but next step 'distant'

  

  Moody's Investors risk Service raised the sovereign foreign currency credit rating for Mercosur member Uruguay by two notches to Ba1 from Ba3 on Wednesday, leaving it just below investment grade, citing improved debt and fiscal indicators.

• Tuesday, December 7th 2010 - 08:29 UTC

  Chinese credit rating agency gives Uruguay grade BB+ for local and foreign currency

  

  A Chinese credit rating agency issued the sovereign credit ratings for Ireland and four other countries including Uruguay, assigning Ireland the BBB grade for both local currency and foreign currency with a stable outlook.
  The other four countries rated are Finland, Uruguay, Kenya and Sudan.