US Secretary of State Hillary Clinton will be visiting five Latinamerican countries next week beginning in Uruguay, representing President Barack Obama at the inauguration ceremony of president elect Jose Mujica on March first, according to Washington diplomatic sources.
The International Monetary Fund, IMF suggested Uruguay should retake its most ambitious “fiscal objectives” in the coming five-year budget to be discussed this year by the new parliament. The emphasis should be in “restricting” outlays since the current level of salary increases for civil service is “not sustainable”.
The next Uruguayan administration is open to consider voting for former Argentine president Nestor Kirchner as chairman of the Union of South American Nations, Unasur, said Luis Almagro the incoming Minister of Foreign Affairs.
Uruguay’s president-elect Jose Mujica, once instated next March first, will be visiting several countries of the region while his administration will attempt closer political links with neighbouring countries to facilitate trade, said Luis Almagro, the future Foreign Affairs minister.
Uruguay’s opposition main leader and former president Luis Alberto Lacalle (1990/1995) praised the pragmatism of president elect and former guerrilla leader Jose Pepe Mujica who will be taking office next March first.
A consumer group had called on Argentines, world leaders in beef consumption, to boycott the meat for a week in an effort to lower prices, according to news reports from Buenos Aires.
NZ Farming Systems Uruguay has reported improved results on the back of better rainfall, growth in its farms, cost cutting and better milk prices.
Women lead the two houses of the new Uruguayan parliament (99 Deputies and 30 Senators), which was sworn in on Monday following on the electoral results of October 29, when the ruling coalition again managed to garner a majority of seats as in 2004.
Brazil's state-managed oil company Petrobras signed this week an agreement with the Uruguayan state oil company Ancap to explore and produce oil and natural gas on Uruguay's continental shelf.
Uruguayan president elect Jose Mujica promised to the business elite of the River Plate economic stability, standing rules of the game, low taxes, incentives and reduced risks in exchange for productive investments in the country’s economy.