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MercoPress, en Español

Montevideo, January 24th 2025 - 23:06 UTC

Paraguay

  • Thursday, January 23rd 2025 - 10:21 UTC

    Chargé d'Affairs takes over US Embassy in Asunción on an interim basis

    Ostfield will most likely not be missed after he caused a lot of damage to Paraguay, Peña claimed

    As controversial US Ambassador Marc Ostfield completed his assignment in Asunción, the US diplomatic mission was left temporarily under Chargé d'Affairs Amir Masliyah -who has been Deputy Mission Chief since July 2022.

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  • Monday, January 20th 2025 - 06:30 UTC

    Peña tells González Urrutia about Paraguay's support for democracy in Venezuela

    Peña and González Urrutia (L) are in Washington DC to attend Donald Trump's inauguration

    Paraguayan President Santiago Peña met Sunday in Washington DC with Venezuelan opposition leader Edmundo González Urrutia, whom many believed should have been sworn in on Jan. 10 last after winning the controversial July 28, 2024, elections where the incumbent Nicolás Maduro claimed to have prevailed despite producing no evidence thereto besides declarations from offices controlled by the Chavista regime.

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  • Wednesday, January 15th 2025 - 10:33 UTC

    Paraguayans flock to yellow fever vaccination centers

    Vaccination is mandatory for Paraguayans traveling to Brazil, Bolivia, Colombia, Guyana, and Peru

    Paraguayan health authorities reported an increase in the demand for the yellow fever vaccine from people willing to travel to Brazil for the summer season.

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  • Tuesday, January 14th 2025 - 10:06 UTC

    Paraguayan exports drop but some items post improvements

    Importing fruits and vegetables from Argentina is not as affordable as it used to be

    Paraguay's Central Bank (BCP) released a report Monday showing that exports fell 7.7% in 2024. However, some items scored significant improvements, as sales abroad totaled US$15.84 billion, while imports amounted to nearly US$16.38 billion. This represents a 3.6% increase for a trade deficit of US$538.8 million, against a surplus recorded the year before after a 2.3% overall contraction.

  • Thursday, January 9th 2025 - 09:44 UTC

    Leading risk rating agency further ups Paraguay's gradings

    Paraguay is a giant “firmly re-emerging on the right path!,” Peña wrote on X

    Paraguay's review by the international rating agency Standard & Poor's (S&P) has been upgraded from “stable to positive,” it was announced Wednesday in Asunción, as President Santiago Peña welcomed this new recognition.

  • Wednesday, January 8th 2025 - 10:15 UTC

    Paraguayan President reshuffles Industry Ministry

    Peña also signed into law a bill regarding MSMEs

    Paraguayan President Santiago Peña Tuesday reshuffled his country's Industry and Commerce Ministry (MIC) by appointing Businessman Marco Riquelme as the new Deputy Minister of Industry, given his vision of a more industrial nation matching that of the head of State. “It is a dream that we have been sharing from an industrial family and as part of the guild. The idea is to join my efforts to make this dream come true in the shortest possible time”, said Riquelme.

  • Monday, January 6th 2025 - 22:00 UTC

    Paraguay recognizes Edmundo González Urrutia as President-elect and breaks diplomatic ties with Caracas

    Paraguay gave Venezuela's diplomatic mission 48 hours to leave the country

    The Paraguayan Government of President Santiago Peña Monday announced it was recognizing Edmundo González Urrutia of the opposition Unitarian Democratic Platform (PUD) as the legitimate winner of the July 28, 2024, elections in Venezuela, which prompted a diplomatic breakup with Nicolás Maduro's regime.

  • Saturday, January 4th 2025 - 10:27 UTC

    Paraguay's Economy Minister praised by leading world publication

    Fernández Valdovinos was also praised for his work as President of the Central Bank of Paraguay under former President Horacio Cartes

    Paraguay's Economy Minister Carlos Fernández Valdovinos was singled out by the London-based The Banker publication for issuing bonds in guaraníes and the South American country's handling of the corruption issues that pop up. The outlet also recognized the finance ministers of France, Vietnam, Qatar, Morocco, and Chile for their management of the economy, growth policies, crisis response, and leadership skills.

  • Thursday, January 2nd 2025 - 07:29 UTC

    Chinese meat industry and farmers complaining about surging Mercosur imports

    Safeguard measures taken by the world’s biggest beef buyer can be expected to hurt top exporters and trade partners of China, Mercosur block partners, and Australia.

    Chinese farmers and meat industry associations are complaining about the surge in foreign beef imports and the Ministry of Commerce has promised an investigation into the situation, according to Beijing government sources.

  • Tuesday, December 31st 2024 - 10:30 UTC

    After hectic month, Paraguay's yearly inflation barely above 2023's

    The BCP aims to reach a 3.5% inflation by 2026

    Paraguay's Consumer Price Index (CPI) grew 0.7% this month, which represented a setback from 0.3% in the same month last year. Nevertheless, Asunción confirmed closing 2024 with a 3.8% inflation, barely over 2023's 3.7%, according to the Central Bank (BCP), and therefore within the target range of 4%, it was explained Monday. On a brighter note, core inflation stood at 0.3% in December for a yearly variation of 3.4%, which meant progress from the 3.6% registered in 2023.

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