Paraguay expects to see its share of the energy business with Brazil to increase to at least two billion US dollars said an energy expert and advisor to Paraguayan president elect Fernando Lugo.
Paraguay's soy bean 2007/08 crop is expected to reach a record 6.8 million tons helped by good yields and an expansion of the area planted according to the country's soy exporters chamber.
Paraguayan president elect Fernando Lugo who takes office next August 15 will have to reach a working agreement in Congress since the coalition that supported him was unable to obtain a majority.
The Paraguayan economy boosted by the faro sector Grez 6.8% in 2007, which is higher than originally forecasted, 6.4%, according to the country's Central Band president German Rojas.
Paraguay's President Nicanor Duarte revealed that he had talks with president elect Fernando Lugo to ensure governance for the country, and if the incoming administration proposes a constitutional review, he will support it from Congress, according to reports in Asunción Sunday press.
Paraguay's President-elect Fernando Lugo will face a largely conservative Congress that may make carrying out his reforms difficult, according to the vice president-elect Federico Franco.
Elected president Fernando Lugo, who takes office on August 15, pledged to maintain Paraguay's membership in the Mercosur trade block, which includes Argentina, Brazil and Uruguay, and strengthen integration mechanisms. He also announced he would seek relations with Beijing, currently non existent.
Paraguayan president Nicanor Duarte said on Monday he's considering resigning before August 15, when his mandate expires, which means vice president Francisco Oviedo would then be in charge of passing the sash to elected president Fernando Lugo.
Former Catholic bishop Fernando Lugo won a historic victory in Paraguay's Sunday presidential election, signaling the demise of more than six decades of one-party hegemonic rule in one of South America's poorest countries.
The last 48 hours before Sunday's vote to elect president and a new Congress in Paraguay are showing the strains of an ancient regime that has ruled undisputedly in the country for over six decades but which seems condemned according to the prevailing opinion polls for the last twelve months.