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MercoPress, en Español

Montevideo, May 18th 2025 - 19:23 UTC

Paraguay

  • Wednesday, February 5th 2025 - 11:43 UTC

    Tax collection above expectations in Paraguay

    Orué highlighted the 16 consecutive months of sustained increase

    Paraguay's National Directorate of Tax Revenues (DNIT) announced Tuesday that collection last month far exceeded expectations after posting a 9.1% yoy improvement. A DNIT report mentioned raking in ₲ 3.19 trillion (around US$ 405 million), which represented US$ 33.9 million more than in the same month of 2024.

  • Monday, February 3rd 2025 - 08:44 UTC

    Paraguay's BCP outlines scenario under Trump's policies

    Trump's measures target “those countries with which the US maintains high trade deficits such as Mexico and China,” the BCP stressed

    Paraguay's Central Bank (BCP) has picked up the glove from US President Donald Trump's barrage of protectionist economic measures and spoke of higher financing costs among the possible consequences of the Republican leader's policies. In addition, the US dollar would keep its upward trend against the guarani amid global uncertainty. Hence, there would be no room for a reduction in benchmark interest rates.

  • Saturday, February 1st 2025 - 10:00 UTC

    Paraguayan President describes importance of trade openness in speech at WTO

    Peña is to stay in Switzerland until Sunday

    Paraguayan President Santiago Peña Friday underlined the importance of trade openness and multilateralism during his speech at the World Trade Organization's (WTO) headquarters in Geneva. Peña highlighted “the importance of global integration to strengthen trade and resilience in the face of uncertainty,” the Ministry of Industry and Trade (MIC) said in a statement.

  • Friday, January 31st 2025 - 09:24 UTC

    Swiss minister tells Peña her country interested in dealing with Mercosur

    Switzerland “has many companies that are interested in investing worldwide,” Budlinger explained

    Switzerland's Secretary of State for Economic Affairs Helen Budlinger told Paraguayan President Santiago Peña that her country was interested in expanding businesses with Asunción and with all of the Southern Common Market (Mercosur). She made those remarks Thursday as she welcomed Peña to the non-European Union nation which thus covets a separate Free Trade Agreement (FTA).

  • Thursday, January 23rd 2025 - 10:21 UTC

    Chargé d'Affairs takes over US Embassy in Asunción on an interim basis

    Ostfield will most likely not be missed after he caused a lot of damage to Paraguay, Peña claimed

    As controversial US Ambassador Marc Ostfield completed his assignment in Asunción, the US diplomatic mission was left temporarily under Chargé d'Affairs Amir Masliyah -who has been Deputy Mission Chief since July 2022.

  • Monday, January 20th 2025 - 06:30 UTC

    Peña tells González Urrutia about Paraguay's support for democracy in Venezuela

    Peña and González Urrutia (L) are in Washington DC to attend Donald Trump's inauguration

    Paraguayan President Santiago Peña met Sunday in Washington DC with Venezuelan opposition leader Edmundo González Urrutia, whom many believed should have been sworn in on Jan. 10 last after winning the controversial July 28, 2024, elections where the incumbent Nicolás Maduro claimed to have prevailed despite producing no evidence thereto besides declarations from offices controlled by the Chavista regime.

  • Wednesday, January 15th 2025 - 10:33 UTC

    Paraguayans flock to yellow fever vaccination centers

    Vaccination is mandatory for Paraguayans traveling to Brazil, Bolivia, Colombia, Guyana, and Peru

    Paraguayan health authorities reported an increase in the demand for the yellow fever vaccine from people willing to travel to Brazil for the summer season.

  • Tuesday, January 14th 2025 - 10:06 UTC

    Paraguayan exports drop but some items post improvements

    Importing fruits and vegetables from Argentina is not as affordable as it used to be

    Paraguay's Central Bank (BCP) released a report Monday showing that exports fell 7.7% in 2024. However, some items scored significant improvements, as sales abroad totaled US$15.84 billion, while imports amounted to nearly US$16.38 billion. This represents a 3.6% increase for a trade deficit of US$538.8 million, against a surplus recorded the year before after a 2.3% overall contraction.

  • Thursday, January 9th 2025 - 09:44 UTC

    Leading risk rating agency further ups Paraguay's gradings

    Paraguay is a giant “firmly re-emerging on the right path!,” Peña wrote on X

    Paraguay's review by the international rating agency Standard & Poor's (S&P) has been upgraded from “stable to positive,” it was announced Wednesday in Asunción, as President Santiago Peña welcomed this new recognition.

  • Wednesday, January 8th 2025 - 10:15 UTC

    Paraguayan President reshuffles Industry Ministry

    Peña also signed into law a bill regarding MSMEs

    Paraguayan President Santiago Peña Tuesday reshuffled his country's Industry and Commerce Ministry (MIC) by appointing Businessman Marco Riquelme as the new Deputy Minister of Industry, given his vision of a more industrial nation matching that of the head of State. “It is a dream that we have been sharing from an industrial family and as part of the guild. The idea is to join my efforts to make this dream come true in the shortest possible time”, said Riquelme.