Paraguay

Paraguay
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.

Saturday, May 24th 2014 - 10:31 UTC

All is ready for the OAS General Assembly in Paraguay, June 3 to 5

Permanent Representative of Paraguay, Elisa Ruiz Díaz with OAS Secretary General José Miguel Insulza

The Permanent Council of the Organization of American States (OAS) approved the submission of several draft resolutions to the General Assembly of the institution, which will take place from June 3 to 5 in Asunción, Paraguay.

Tuesday, May 20th 2014 - 07:31 UTC

Venezuelan situation impedes Mercosur summit to take place in Caracas, says Almargo

Almagro stated that Venezuela has other priorities such as the peace dialogue and the social situation

Uruguay Foreign Affairs minister Luis Almagro said that the political situation in Venezuela makes it quite improbable that the three-times postponed and since delayed Mercosur summit can effectively take place in Caracas sometime in the next two months.

Friday, April 25th 2014 - 10:33 UTC

Paraguay's private sector insists in joining the Pacific Alliance

Eduardo Filippo and German Ruiz, insist that Paraguay and the Alliance members economies are complementary

Paraguay has an economy which is complementary to the Pacific Alliance block and has become a very interesting option to increase trade, argued the country's main business organizations, Paraguay's Industrial Union and the Paraguay Rural Association.

Friday, April 25th 2014 - 10:24 UTC

Despite all, Mercosur is “working normally”, says Paraguayan foreign minister

Loizaga admits that the summit to be hosted by Venezuela is still in the air

Paraguay's foreign minister Eladio Loizaga said that there is no date for the several times suspended Mercosur summit, but a technical meeting is scheduled for next week in Montevideo when the issue, among others will be addressed. Nevertheless he insisted that the different bodies of Mercosur “are working normally”.

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