Paraguay

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.
Friday, August 31st 2012 - 01:40 UTC
S&P places Paraguay with “stable outlook” and anticipates strong growth in 2013

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.