Uruguay’s Economy minister Alvaro García downgraded the country’s growth prospects for this year while doubling the budget deficit estimate from 1% to 2% of GDP. He made the announcements following Monday’s cabinet meeting when he admitted the Uruguayan economy will expand 2% in 2009, --down from 3%-- with a first negative quarter.
The King of Malaysia is expected Monday in Uruguay to participate in a equestrian endurance competition scheduled for next Friday. An advance party of King Mizan Zainal Abidin, 46, is already in Uruguay selecting horses and addressing security issues for the monarch and his immediate collaborators.
The 2008/09 cruise season in Uruguay has come to an end over the weekend totalling 169 calls which is 87% higher than the previous season. However the big news is that while the port of the capital Montevideo virtually received the same number of tourists, the exclusive South Atlantic sea-side resort of Punta del Este almost doubled the calls.
Uruguay’s Electoral Roll for the coming October presidential and legislative elections was closed this week with the incorporation of 273.916 new voters. The total number of Uruguayans over 18 by April 2009, and which must vote (compulsory) in the coming elections, now totals 2.562.000.
The Uruguayan Senate, with the votes from the ruling coalition, approved Wednesday the founding charter of the Union of South American Nations, UNASUR, while the opposition rejected in block the initiative describing it as an “ideological integration”.
Uruguay’s presidential hopeful and former guerrilla leader Jose Mujica leads comfortably in the ruling coalition’s coming primary scheduled for next June 28th, according to the latest public opinion poll released this week.
A working paper from the US National Bureau of Economic Research, estimates the impact of a large anti-poverty program -- the Uruguayan PANES -- on political support for the government that implemented it.
On the 200 anniversary of Charles Darwin birth and in the same month of 1833, when HMS Beagle anchored in the Bay of Maldonado, Uruguay, a volunteer rediscovered in Cambridge a bird egg collected by the world famous scientist in Uruguay.
While property prices in destinations like Europe and North America have been deeply affected by the global financial crisis, luxury real estate in this renowned South
American getaway remains exceptionally strong.
The coming Americas summit in Trinidad Tobago, bilateral affairs and regional issues was the long agenda addressed by Uruguay’s Foreign Affairs minister Gonzalo Fernandez during a meeting Monday with Secretary of State Hillary Clinton at the US State Department.