Paraguay

Paraguay
Wednesday, August 13th 2014 - 05:28 UTC

Finally Cristina Fernandez is on an official visit to Paraguay

The Argentine president will be returning Triple Alliance war trophies: furniture and other belongings from Mariscal Francisco Solano Lopez

Argentine president Cristina Fernandez arrived Tuesday evening to Paraguay to begin early Wednesday an official visit which has been delayed several times. Besides the usual agenda discussions and accords signing with her peer Horacio Cartes, the visit will also have a strong symbolism since the Argentine president will be formally returning to Paraguay furniture and other belongings from one of the country's most revered leaders, Francisco Solano Lopez.

Wednesday, August 6th 2014 - 00:12 UTC

Paraguay sells 1 billion dollars in 30-year sovereign bonds

“Demand was three times the issue offered” revealed Cartes, who also called on public opinion to ensure “funds are effectively used for what they are meant”

Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.

Monday, July 28th 2014 - 07:04 UTC

Uruguay, Paraguay and Bolivia private sectors unite to combat Mercosur protectionist policies

Paraguay's Eduardo Felippo says Urupabol will help boost growth and sound development

The private sectors from Paraguay, Uruguay and Bolivia agreed to form a business lobby, Urupabol, with the purpose of actively combating protectionist policies and other obstacles implemented inside Mercosur, mainly by senior members Argentina and Brazil.

Monday, July 21st 2014 - 07:14 UTC

Mujica recalls Uruguay's participation in the Triple Alliance major genocide

 Francisco Solano Lopez the Paraguayan leader who fought an unwinnable war

President Jose Mujica underlined the strong identity of Uruguay with the Paraguayan people, but also recalled no the “immense debt that we never settled or will we ever be able to settle for having participated in the War of the Triple Alliance”.

Monday, July 14th 2014 - 23:09 UTC

Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

The Central bank had international reserves equivalent to 20% of GDP

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.

Friday, July 11th 2014 - 01:45 UTC

Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

 Ministers Loizaga and Jaua confirmed all is ready for the summit when the rotating chair will pass on to Argentina

The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.

Wednesday, July 9th 2014 - 07:42 UTC

Paraguay with record soybean harvest, most of it for exporting

The latest harvest was 9.28 million tons, up 13% over the previous crop and with prospects of further expansion

Landlocked Paraguay has become the new 'soybean king' with a harvest of over 9 million tons, a new record, 13% compared to the previous crop, according to the figures released by the Paraguayan Chamber of Grains and Oilseeds Exporters, Capeco.

Tuesday, June 17th 2014 - 06:49 UTC

British company spuds exploratory well in Paraguay's Chaco

Jacarandá expects drilling to target a depth of 4.200 meters

London AIM listed President Energy PLC, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years.

Wednesday, June 11th 2014 - 07:03 UTC

Flooding in Brazil, Paraguay and Argentina, with record rainfall and rivers' swelling

In the capital Asunción an estimated 150.000 people had to be evacuated

Floods have killed nine people and driven tens of thousands of people from their homes while swelling rivers to record levels in southern Brazil and neighboring Paraguay and Argentina, authorities said Tuesday.

Monday, June 9th 2014 - 23:22 UTC

Iguazu falls Devil's Gorge closed to the public because of rising waters

The Devil's Gorge is the main attraction of the Iguazu falls

The Iguazu National Park in Argentina has taken precaution measures and closed access to the Devil's Gorge of the world famous Iguazú falls because of an imminent rise in water levels after the Itaipu and Yacireta dams announced they will be forced to increase the outflow.

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