Paraguay

• Monday, July 21st 2008 - 21:00 UTC

  Paraguay downplays discovery of oil in commercial volumes

  

  The Paraguayan government confirmed the existence of oil deposits in an inhospitable area to the north of the country. However one long year must elapse before the deposits can be considered commercially exploitable.

• Friday, July 18th 2008 - 21:00 UTC

  Paraguayan economy grows on soy exports and construction

  Boosted by agriculture, construction and manufacturing Paraguay's GDP expanded at an annual 7.6% during the first quarter of 2008, according to the latest report from the country's Central Bank. Last year the Paraguayan economy expanded 6.4%.

• Thursday, July 17th 2008 - 21:00 UTC

  Promising discovery of diamonds in north-east Paraguay

  

  Ten diamonds ranging in size from 0.002 to 0.04 carats have been discovered in the north east of landlocked Paraguay, reported Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of the region.

• Saturday, June 28th 2008 - 21:00 UTC

  Paraguay headed for a record beef export year: 600 million USD

  Paraguayan beef exports are scheduled to break all records reaching over 600 US dollars which represents a 25% jump over 2007 according to an article published in the country's “ABC Color”.

• Wednesday, June 25th 2008 - 21:00 UTC

  Paraguay's Senate blocks president's early exit

  

  Paraguay's Senate failed to muster a quorum Tuesday, thereby frustrating President Nicanor Duarte Frutos's bid to resign two months before the end of his term to join that same legislative body.

• Monday, June 23rd 2008 - 21:00 UTC

  Outgoing Paraguayan president resigns to join new Senate

  

  President Nicanor Duarte resigned Monday two months before his term ends, but opposition parties say they will fight the move by Duarte to claim a crucial seat in Paraguay's Senate.

• Sunday, June 15th 2008 - 21:00 UTC

  Paraguay's future cabinet blends continuity &renewal

  

  Paraguay's president-elect Fernando Lugo whose historic election ended six decades of one-party rule in the country named a former leftist militant to head his Cabinet when he takes office on August 15.

• Sunday, June 15th 2008 - 21:00 UTC

  Formal end to oil companies proxy Chaco War 1932/35

  Argentina will hand Paraguay and Bolivia the Limits Act which contains the final territorial and fluvial borders which emerged from the Chaco War, fought 73 years ago between the two landlocked and poorest countries of the continent.

• Tuesday, May 27th 2008 - 21:00 UTC

  Paraguay demanding from Brazil 2 billion US dollars energy bill

  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.

• Thursday, May 15th 2008 - 21:00 UTC

  Record soybean crop in Paraguay: 6.8 million tons

  

  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.