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MercoPress, en Español

Montevideo, July 20th 2025 - 19:52 UTC

Paraguay

  • Friday, May 16th 2025 - 09:17 UTC

    Peña highlights Paraguay's booming present at FIFA Congress

    “Paraguay is experiencing an unusual economic, social, and cultural boom,” Peña stressed

    Paraguayan President Santiago Peña highlighted his country's economic, social, and cultural growth, which -he claimed- was the fastest in the region over the past 35 years. He made those remarks Thursday during the 75th FIFA Congress held in Asunción.

  • Thursday, May 15th 2025 - 10:04 UTC

    Paraguay: Maquila Regime yields encouraging results

    Interannually, 6,795 workplaces were created under this manufacturing regime, where 100% of its output is for export

    In Paraguay, exports under the Maquila regime totaled US$ 388 million as of April 2025, a 13% yoy increase driven mainly by auto parts, textiles, aluminum products, food, and plastics, currently generating 32,712 direct jobs, a 26% growth from the previous year.

  • Monday, May 12th 2025 - 10:21 UTC

    Given Paraguay's trade deficit with China, opportunities such as UAE sought

    UAE investors are interested in expanding the Silvio Pettirossi Airport

    Paraguay trade experts warned this weekend, citing official data from the Central Bank of Paraguay (BCP) that 37.6% of the country's imports in the first quarter of 2025 stemmed from China, where very little is placed: 0.3% of sales abroad, as a result of Asunción's stance towards Taiwan, which prevents any direct trade with Beijing.

  • Thursday, May 8th 2025 - 08:34 UTC

    Former Paraguayan President welcomes Milei's Yacyretá tariff adjustment

    Duarte Frutos highlighted that these funds were crucial to finance works, hospitals, university scholarships, and social programs

    Former Paraguayan President and Yacyretá Binational Entity (EBY) Director Nicanor Duarte Frutos said Argentine President Javier Milei's decree adjusting the energy tariff from US$ 17 to US$ 28 per megawatt-hour (MWh) was the right thing to do and insisted that the measure did not violate any treaty. It rather establishes an effective charge for energy consumption to be paid by his country's National Electricity Administration (ANDE) and the Wholesale Electricity Market Administration Company (CAMMESA).

  • Wednesday, May 7th 2025 - 10:55 UTC

    Milei adjusts Yacyretá tariff ahead of new operating agreement

    Milei adjusted the price of Yacyretá electricity to US$ 28 per megawatt hour (MWh) from the previous US$ 17

    Argentine President Javier Milei signed Decree No. 303/2025, authorizing a new Operating Agreement for the Yacyretá Hydroelectric Power Plant, a binational entity co-owned by Argentina and Paraguay. The agreement sets a tariff increase from US$17 to US$28 per megawatt-hour (MWh) to optimize supply, ensure financial stability, and support technological modernization

  • Tuesday, May 6th 2025 - 10:30 UTC

    Peña highlights Paraguay's stability at economic forum in Los Angeles

    Peña is rounding up his month-long US tour on Tuesday

    During his appearance at the Milken Institute Global Forum in Los Angeles, Paraguayan President Santiago Peña highlighted his country's stability, openness, and commitment to inclusive development. The major global economic event acknowledged Paraguay’s dedication to democracy, peace, and combating terrorism.

  • Monday, May 5th 2025 - 10:46 UTC

    Paraguay's BCP announces overoptimistic GDP projection

    The impact of global tariffs “will probably be more indirect,” Carvallo argued

    Despite many experts believing otherwise, Paraguay's Central Bank (BCP) has raised its GDP growth projection for 2025 from 3.8% to 4% amid geopolitical tensions and potential trade wars. BCP President Carlos Carvallo defended the adjustment, citing strong economic performance and advanced data showing better-than-expected dynamics in several sectors, except agriculture, which was impacted by drought-affected soybean production.

  • Saturday, May 3rd 2025 - 10:55 UTC

    Mercosur FMs pledge to deepen regional integration amid global trade challenges

    For the first time in 34 years, top diplomats of all member countries met twice in less than a month

    Foreign Ministers of the Southern Common Market (Mercosur)—namely Argentina, Bolivia, Brazil, Paraguay, and Uruguay—gathered Friday in Buenos Aires at the San Martín Palace to advance regional integration amid global trade changes. They focused on eliminating intra-zone trade barriers, strengthening regional value chains, harmonizing regulations, and enhancing physical and digital integration.

  • Thursday, May 1st 2025 - 09:41 UTC

    Paraguayan President to attend new Pope's enthronement

    Currently in the United States, Peña is due back in Asunción on May 5 before going to the Vatican

    Paraguayan President Santiago Peña, who prioritized other international engagements over Pope Francis' funeral, will be attending the enthronement of the Argentine pontiff's successor, Senator Derlis Maidana confirmed Wednesday. Peña, currently on a US tour until May 5, 2025, took heavy flak for his absence at the memorial of the first-ever South American head of the Catholic Church.

  • Wednesday, April 30th 2025 - 10:22 UTC

    Peña tells UN global institutions need reforming

    “We need to ensure fairness, equity, and equality as the most fundamental principles of international trade,” Peña underlined

    Paraguayan President Santiago Peña addressed the UN General Assembly, criticizing the world's ineffectiveness in maintaining peace amid conflicts and calling for reform to global institutions to better support developing nations.