Uruguay

• Friday, October 17th 2008 - 20:00 UTC

  Uruguay's coalition can't agree on consensus candidate

  

  The leader of Uruguay's senior partner group in the ruling coalition and presidential hopeful, Jose Mujica admitted that if the global financial crisis persists he would prefer his rival, former Economy minister Senator Danilo Astori to become the government's presidential candidate for 2009.

• Thursday, October 16th 2008 - 20:00 UTC

  Uruguay has a “financial shield” of 2 billion USD

  

  Uruguay has a financial protection in the range of two billion US dollars if for some reason the current situation in global markets in the next two years makes it highly difficult to issue sovereign bonds, according to Central Bank sources in Montevideo.

• Tuesday, October 14th 2008 - 20:00 UTC

  Vazquez announces massive investment in pulp plant and port

  

  Uruguay's president Tabare Vazquez announced that a Portuguese pulp and paper company will spend over 4 billion US dollars to build a cellulose plant and port in Uruguay.

• Monday, October 13th 2008 - 20:00 UTC

  Uruguayans admits graft is rampant in government offices

  

  A majority of Uruguayans admitted that graft is extended in government offices particularly to make sure proceedings get that “needed push”, according to a public opinion poll released over the weekend.

• Thursday, October 9th 2008 - 21:00 UTC

  Belgian heir and businessmen on trade tour in Uruguay

  

  The heir to the Belgian throne, Prince Philippe and a delegation of a hundred businessmen are currently visiting Uruguay until Friday as part of a Latin-American trade and investment tour.

• Tuesday, October 7th 2008 - 21:00 UTC

  Uruguay's ruling coalition candidates agree on rules

  

  Uruguayan presidential pre candidates from the ruling coalition agreed Monday on the need for a consensus ticket for next year's election, but “if necessary” will hold primaries early next year.

• Friday, October 3rd 2008 - 21:00 UTC

  Uruguay's forecasted to end 2008 with one digit inflation

  

  Consumer prices in Uruguay during September increased 0.6%, accumulating 7.63%, in nine months and making the 2008 target of 7% look significantly distant, according to the latest release from the Statistics Office, INE.

• Thursday, October 2nd 2008 - 21:00 UTC

  Uruguay/US sign renewable energy memorandum

  

  United States and Uruguay signed Wednesday in Washington a memorandum to advance bilateral cooperation on renewable energy and energy efficiency. The document was signed by Assistant Secretary of State for Western Hemisphere Affairs Thomas A. Shannon and Uruguayan Foreign Affairs Minister Gonzalo Fernández

• Wednesday, October 1st 2008 - 21:00 UTC

  Uruguay's 12 month fiscal deficit to August: 0.4% of GDP

  

  Uruguay's consolidated fiscal deficit in the twelve months to August was 0.8% of GDP, which means it has remained relatively stable (July 0.9%), according to official data from the Ministry of Economy.

• Wednesday, October 1st 2008 - 21:00 UTC

  Uruguay's total debt equivalent to 68% of GDP

  

  Uruguay's overall debt at the close of the second quarter was 18.2 billion US dollars, having increased 779 million US dollars over the first quarter, thus totalling the equivalent to 68% of GDP. At the end of March the debt/GDP ratio was 70%.