Paraguay

• Monday, September 24th 2012 - 03:01 UTC

  Mercosur dispute reaches UN: Paraguay informs political events to Ban Ki-moon

  

  Paraguayan president Federico Franco explained to UN Secretary General Ban Ki-moon the current political situation of the country which emerged from the impeachment by the Senate of Fernando Lugo and his removal from the Executive office by an overwhelming majority, decision the ousted leader had accepted.

• Friday, September 21st 2012 - 06:06 UTC

  Brazil approves bill which allows the opening of tax-free shops along border towns

  

  The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.

• Thursday, September 20th 2012 - 05:01 UTC

  Twisters kill five and destroy an estimated 5.000 houses in Paraguay

  

  A fierce storm packing 140-kilometer an hour winds tore across the heart of South America on Wednesday, killing five people in Paraguay and wreaking havoc in Argentina and Uruguay.

• Wednesday, September 19th 2012 - 21:07 UTC

  Spain has not invited Paraguay to the Ibero-American summit confirms Asunción

  

  Spain has not invited Paraguay to the Ibero-American summit in Cadiz scheduled for next November confirmed Paraguayan Foreign minister Jose Felix Fernandez Estigarribia, who also admitted that the number of countries ‘disgusted’ with the new administration of President Federico Franco has diminished considerably.

• Tuesday, September 18th 2012 - 23:33 UTC

  Rajoy and Franco will address Paraguay’s attendance to Ibero-American summit

  

  President Federico Franco and the head of the Spanish government Mariano Rajoy will address the participation of Paraguay in the coming Ibero-American summit scheduled for November in Cadiz, taking advantage of their presence in New York next week for the UN General Assembly.

• Monday, September 17th 2012 - 05:48 UTC

  Spain dumps Paraguay from the Ibero-American summit not to offend Argentina

  

  A top Spanish official made a low profile and unexpected visit to Paraguay last week with the purpose of trying to convince the administration of president Federico Franco to remain absent from the coming Ibero-American summit scheduled for November since Madrid fears his presence could turn the event into a failure.

• Monday, September 17th 2012 - 02:37 UTC

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

  

  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

  

  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

  

  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.