Monday, September 17th 2012 - 02:37 UTC

Paraguay could demand “moral and economic” compensation from Mercosur members

The Foreign Ministry said Mercosur resolutions in absence of Paraguay can be described as “illegitimate”

Paraguay is considering demanding “moral and economic” compensation from Argentina, Brazil and Uruguay for having been suspended from Mercosur as full member and at the same reiterated its rejection to Venezuela’s admission, according to the country Foreign Ministry.

Friday, September 14th 2012 - 00:51 UTC

Brazilian extends tax breaks to two dozen industries to stimulate economy

Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

Thursday, September 13th 2012 - 17:07 UTC

Argentina’s official inflation for August, 0.9% and 6.8% in the eight months

But despite Indec, the Congressional index which has become the reference was up 1.9%

Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.

Thursday, September 6th 2012 - 06:28 UTC

Two Uruguayan ex-presidents openly support the new Paraguayan authorities

“The gentleman bishop, as in many other things of life, is out of touch” said Batlle

Uruguayan former presidents Jorge Batlle and Luis Alberto Lacalle came in support of the current Paraguayan authorities and political process and claimed the only “coup” was that of Mercosur against Paraguay. They also questioned the removed president Fernando Lugo’s ‘pitiful reaction’ and statements.

Friday, August 31st 2012 - 01:40 UTC

S&P places Paraguay with “stable outlook” and anticipates strong growth in 2013

Like other Mercosur members, Paraguay is betting on an abundant soy crop

Standard & Poor’s credit risk rating agency improved the prospects of Paraguay, removing the country from credit-watch where it had been placed with negative implications last June 25 when the political situation that removed Fernando Lugo as president and subsequent suspension of Paraguay from Mercosur.

Thursday, August 30th 2012 - 03:57 UTC

Canadian company exports first gold doré bar from Paraguayan mine

The promising Independencia mine has not been without incidents

Latin American Minerals Inc., Lampa, announced on Wednesday the delivery of the first gold doré bar produced at its Paso Yobai Gold Project pilot plant in Paraguay, to the Johnson Matthey Ltd. gold refinery in Brampton, Ontario.

Wednesday, August 29th 2012 - 21:49 UTC

The “Paraguay situation” and options as seen from Washington

By Eric Stadius, Research Associate at Council on Hemispheric Affairs and Peter Tase, Research Fellow at Council on Hemispheric Affairs.Two months after President Fernando Lugo’s impeachment, Paraguay has transitioned from reconciling its relatively benign political crisis to enhancing regional and international links politically and economically.

Tuesday, August 28th 2012 - 06:24 UTC

OAS mission in Paraguay to follow electoral process and political conditions

OAS cabinet chief Hugo de Zela will hold a round of meetings with government and opposition officials

The OAS, Organization of American States, cabinet chief and head of political affairs are expected in Paraguay to continue with the organization’s mandate of establishing an electoral committee and helping with the process of strengthening democracy in the country.

Friday, August 24th 2012 - 06:18 UTC

Paraguayan Senate defies Mercosur: votes against Venezuela’s incorporation

President Franco’s request to delay the vote went unheard

The Paraguayan Senate, at the heart of serious regional diplomatic dispute, voted by a solid majority against the incorporation of Venezuela as full member of Mercosur. Thirty one Senators rejected the Venezuelan Protocol of Adhesion, three supported it and eleven left the floor before the vote was taken.

Thursday, August 23rd 2012 - 01:59 UTC

OAS to dispatch mission to accompany and observe Paraguay’s political process

Insulza said that “political forces are operating quite normally” and that there is “a broad debate, among all the parties”

The Organization of American States (OAS) agreed on Wednesday to dispatch of a mission to Paraguay to accompany and observe the electoral process in the country that will conclude with the general elections of April 21, 2013.


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