Former Paraguayan President and Yacyretá Binational Entity (EBY) Director Nicanor Duarte Frutos said Argentine President Javier Milei's decree adjusting the energy tariff from US$ 17 to US$ 28 per megawatt-hour (MWh) was the right thing to do and insisted that the measure did not violate any treaty. It rather establishes an effective charge for energy consumption to be paid by his country's National Electricity Administration (ANDE) and the Wholesale Electricity Market Administration Company (CAMMESA).
Add your comment!Argentine President Javier Milei signed Decree No. 303/2025, authorizing a new Operating Agreement for the Yacyretá Hydroelectric Power Plant, a binational entity co-owned by Argentina and Paraguay. The agreement sets a tariff increase from US$17 to US$28 per megawatt-hour (MWh) to optimize supply, ensure financial stability, and support technological modernization
Add your comment!During his appearance at the Milken Institute Global Forum in Los Angeles, Paraguayan President Santiago Peña highlighted his country's stability, openness, and commitment to inclusive development. The major global economic event acknowledged Paraguay’s dedication to democracy, peace, and combating terrorism.
Add your comment!Despite many experts believing otherwise, Paraguay's Central Bank (BCP) has raised its GDP growth projection for 2025 from 3.8% to 4% amid geopolitical tensions and potential trade wars. BCP President Carlos Carvallo defended the adjustment, citing strong economic performance and advanced data showing better-than-expected dynamics in several sectors, except agriculture, which was impacted by drought-affected soybean production.
Add your comment!Foreign Ministers of the Southern Common Market (Mercosur)—namely Argentina, Bolivia, Brazil, Paraguay, and Uruguay—gathered Friday in Buenos Aires at the San Martín Palace to advance regional integration amid global trade changes. They focused on eliminating intra-zone trade barriers, strengthening regional value chains, harmonizing regulations, and enhancing physical and digital integration.
Add your comment!Paraguayan President Santiago Peña, who prioritized other international engagements over Pope Francis' funeral, will be attending the enthronement of the Argentine pontiff's successor, Senator Derlis Maidana confirmed Wednesday. Peña, currently on a US tour until May 5, 2025, took heavy flak for his absence at the memorial of the first-ever South American head of the Catholic Church.
Paraguayan President Santiago Peña addressed the UN General Assembly, criticizing the world's ineffectiveness in maintaining peace amid conflicts and calling for reform to global institutions to better support developing nations.
Paraguayan technicians from Itaipu's Renewable Energy Consultancy visited a 7-megawatt floating solar power plant at the Billings dam reservoir in São Paulo, Brazil, the largest of its kind in Latin America, spanning 5 hectares to learn about flotation and anchoring systems, as part of the preparations for a similar project, albeit smaller, undertaking at Itaipú.
Paraguayan Senator Blanca Ovelar plans to introduce a bill to revert the country's time zone to GMT-4 year-round from the current permanent summer time (GMT-3) adopted recently.
Paraguayan Congressman Rubén Rubín submitted a bill to Parliament whereby the Air Force could shoot down any aircraft posing a threat to national security. The proposal seeks to expand Law No. 6980/2022 on airspace protection, adding a “Phase III” to existing protocols, which would allow shooting down hostile aircraft as a last resort.