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MercoPress, en Español

Montevideo, January 28th 2026 - 00:51 UTC

Paraguay

  • Saturday, October 5th 2024 - 10:57 UTC

    Paraguay adopting Summer time, probably for good

    Adopting GMT-3 all year round should help “simplify many things,” Peña argued

    Pursuant to Decree 1264 dated Feb. 24, 2014, Paraguay is to return to Time Zone GMT-3 on the first Sunday of October each year. But this time around the change might become permanent, as President Santiago Peña said Friday he had no problem signing into law the newly passed bill by Congress for the so-called daylight saving time to become effective. “We do not find any reason not to do so,” the head of state pointed out.

  • Thursday, October 3rd 2024 - 10:07 UTC

    Paraguay's Central Bank reports 0.2% inflation in September

    Price contractions in various agriculture items helped buffer the overall impact on consumers

    According to a report from Paraguay's Central Bank (BCP) released Wednesday in Asunción, the South American country's inflation in September stood at 0.2% for a cumulative 2.9% so far this year, which represented a yoy setback from the 2.5% in the same period of 2023.

  • Tuesday, October 1st 2024 - 09:00 UTC

    Paraguay's GDP grows 4.6% in first semester of 2024

    A 3.7% drop in Electricity and Water in the first semester was not enough to counter positive performances in all other sectors

    Paraguay's Gross Domestic Product (GDP) went up 4.6% in the first semester of 2024, according to a Central Bank (BCP) report released Monday in Asunción. The document also mentioned an interannual 4.8% surge in the second quarter of 2024, up from 4.3% in the previous quarter. Thus, Paraguay outperformed the 3.8% projections for the first half of this year.

  • Monday, September 30th 2024 - 08:43 UTC

    Paraguay River sets new all-time low in Asunción

    The situation remains critical regarding navigability

    Paraguay's Meteorology and Hydrology Directorate reported Sunday that the Paraguay River set a new all-time low after falling four centimeters from Saturday's mark to stand at -1.17 meters.

  • Thursday, September 26th 2024 - 10:45 UTC

    Poor rain forecast heralds low water levels for Paraguay River until December

    “We are now with a flow of 900 m³ per second, which is very low. The Paraguay River has a normal flow of over 4,000 m³ per second,” Martínez explained

    Poor rainfalls are expected to keep affecting the already low Paraguay River, according to local and foreign experts who gathered Wednesday in Asunción at the invitation of the Meteorology and Hydrology Directorate (DMH). Hence, there were no encouraging forecasts at least until December this year.

  • Wednesday, September 25th 2024 - 15:02 UTC

    Paraguay ambitious project to increase exports to UK

    Paraguay’s main exports to UK are soybean-meal cakes for animal feed, 76.8% of the total, followed by charcoal (8.2%), veneer (4%), rice (3.4%), and other products

    Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.

  • Tuesday, September 24th 2024 - 09:04 UTC

    Paraguayan President puts his country's Constitution ahead of international agreements

    Peña also ratified Paraguay's position in favor of Ukraine, Israel, and Taiwan in the ongoing world conflicts

    Paraguayan President Santiago Peña told the United Nations (UN) Future Summit that it was essential for his country “to preserve its values and principles” while generating equal opportunities for all. “Paraguay defends international positions based on principles, not on mere interest, convenience or pragmatism,” he stressed during the gathering at which the Pact for the Future was adopted.

  • Monday, September 23rd 2024 - 10:37 UTC

    Former Paraguayan President's ties with FARC exposed

    Lugo had no clear idea of what he had to do as President, Franco underlined

    Former Paraguayan President Federico Franco (2012-2013) said Fernando Lugo (2008-2012), under whom he served as Vice President and whom he succeeded after his impeachment, had links with Colombia's Revolutionary Armed Forces (FARC) guerrillas.

  • Saturday, September 21st 2024 - 10:08 UTC

    Paraguay exports US$ 665 million worth of beef to Chile

    Chile accounts for 50% of Paraguay's beef exports

    During a gathering this week at Chile's Embassy in Asunción to celebrate the 214th anniversary of the country's independence, Ambassador Manuel Francisco Gormaz Lira highlighted that Paraguay was Chile's fifth-largest trading partner in the region and the tenth-largest in the world. Yearly trade between the two countries amounted to US$ 1.8 billion.

  • Thursday, September 19th 2024 - 14:12 UTC

    Israel reopens Embassy in Asunción

    From left to right: Magen, Peña, and Ohana cut the traditional ribbon during Wednesday's ceremony

    Israel reopened its Embassy in Asunción after six years Wednesday in a ceremony attendedd by President Santiago Peña, Foreign Minister Ruben Ramírez Lezcano, Knesset Speaker Amir Ohana, and Israel's Ambassador to Uruguay and Paraguay Yoed Magen, among other high-ranking dignitaries. The mission had been closed in 2018 after then-President Mario Abdo Benítez moved the Paraguayan Embassy from Jerusalem back to Tel Aviv.