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MercoPress, en Español

Montevideo, April 19th 2025 - 03:51 UTC

Paraguay

  • Friday, December 1st 2023 - 09:55 UTC

    Pedro Sánchez promises Paraguayan president to work for Mercosur deal finalizing

    Peña insisted that Mercosur has other arrangements in sight, such as Singapore and the United Arab Emirates

    Spanish Prime Minister Pedro Sánchez held a telephone conversation this week with Paraguayan President Santiago Peña during which he insisted on his country's commitment to finalizing the trade deal between the European Union and Mercosur while he held the rotating presidency of the northern alliance. The deal would unite 800 million people and represent a quarter of the world's Gross Domestic Product (GDP). If things go on as projected, Mercosur would obtain duty-free access for 93% of its exports to the EU, with a 10-year deadline to achieve this goal.

  • Thursday, November 30th 2023 - 10:44 UTC

    Paraguayan official signs cooperation deal with non-existing country

    Two men dressed in orange native costumes have been going around public offices for a few months in Paraguay

    A high-ranking official within Paraguay's Agriculture Ministry was sacked from his post-Wednesday after signing cooperation agreements with the non-existent country of Kailasa, it was reported in Asunción.

  • Wednesday, November 29th 2023 - 09:52 UTC

    Peña highlights role of Paraguayan expatriates in Italy

    The best Paraguay has to offer the world is its people, Peña told expatriates in Italy

    President Santiago Peña met on Tuesday with members of the Paraguayan community in Italy to discuss the situation of the South American expatriates. During the meeting, Peña stressed the importance of his country projecting an image of solid and transparent institutions that would lead to economic growth.

  • Saturday, November 25th 2023 - 10:46 UTC

    Paraguayan and Bolivian bananas return to Argentina

    Massa ordered the payment of bananas to be prioritized, Fanego explained

    Banana producers in Paraguay and Bolivia have agreed to resume shipments to Argentina after the outgoing administration of President Alberto Fernández authorized the use of foreign currency to pay for those imports.

  • Friday, November 24th 2023 - 10:55 UTC

    Milei plans to privatize Paraná-Paraguay Waterway

    The waterway used to be in private hands between 1995 and 2021

    Argentina's future government of President-elect Javier Milei intends to privatize the Paraná Paraguay Waterway and bidding documents have already been drafted, but collecting tolls would remain in place, it was reported Thursday in Buenos Aires. Future Infrastructure Minister Guillermo Ferraro is said to have been working on the issue for weeks.

  • Friday, November 24th 2023 - 09:59 UTC

    Central Bank of Paraguay lowers interest rates

    According to the BCP, inflationary pressures remain moderate

    The Central Bank of Paraguay (BCP) lowered its benchmark interest rate from 8.50 to 7.25%, for a cumulative reduction of 1.25 basis points so far this year, in response to an encouraging macroeconomic scenario and positive international economic indicators. The decision was made after a meeting of the Monetary Policy Committee (MPC) late Wednesday, it was reported in Asunción.

  • Thursday, November 23rd 2023 - 09:42 UTC

    Paraguayan Agriculture Minister has doubts about climate change

    “I have my doubts that climate change is real,” Giménez said in a radio interview

    Paraguay's Agriculture Minister Carlos Giménez said Wednesday that he was seriously doubting there was such a thing as climate change. “There have always been droughts and floods in Paraguay,” he pointed out in a broadcast interview in Asunción.

  • Tuesday, November 21st 2023 - 10:10 UTC

    Paraguayan President holds phone conversation with Milei

    Peña, Milei, Mondino, and Ramírez Lezcano are all economists, which heralds a good understanding between the two countries

    Paraguayan President Santiago Peña and Argentina's President-elect Javier Milei held a telephone conversation Monday during which they discussed bilateral issues. The Libertarian economist extended an invitation to Peña to attend his inauguration on Dec. 10 in Buenos Aires, which was accepted.

  • Thursday, November 16th 2023 - 10:09 UTC

    Paraguay and Venezuela resume diplomatic ties

    Peña and Maduro will be appointing ambassadors in the coming days

    Paraguay and Venezuela agreed on Wednesday to resume diplomatic ties cut under former Paraguayan President Mario Abdo Benítez in January 2019. At that time, the then-president of Venezuela's National Assembly, Juan Guaidó, proclaimed himself president of a government that ended up in exile despite the backing of the international community and eventually vanished like a soap bubble.

  • Wednesday, November 15th 2023 - 09:38 UTC

    Paraguay's agriculture exports keep growing

    Argentina accounted for almost 89% of Paraguay's soybean exports

    Paraguayan exports totaled US$ 14.438 billion in the first ten months of 2023, a 23.6% improvement from the same period last year, a foreign trade report released by the Central Bank of Paraguay (BCP) showed.