Paraguay

Tuesday, December 27th 2016 - 08:08 UTC
Cartes vetoes 2017 budget to avoid risk of Paraguay's default

President Horacio Cartes Monday vetoed the 2017 budget to avoid the risk of default after the Senate set a ceiling on the amount of debt the government could issue.
Tuesday, November 8th 2016 - 10:52 UTC
Paraguay foresees possible economic growth above expectations

Central Bank of Paraguay (BCP) CEO Carlos Fernández Valdovinos spoke of the possibility of closing this year with a growth of more than 4% of gross domestic product (GDP). Announcement due on December 5.
Wednesday, November 2nd 2016 - 11:25 UTC
Storms cause damage and power outages in several parts of Paraguay - orange alert still on in Uruguay

Various locations within the country, Central, Asunción and the metropolitan area have been area without power for several hours, even in places that were not hit directly by the adverse weather. But service had to be interruped nonetheless as several destructions were reported.
Tuesday, September 20th 2016 - 09:53 UTC
Brazil and Uruguay agree on a Mercosur with “a greater open integration”

President Tabare Vazquez confirmed on Monday that Uruguay will continue as “coordinator” of discussions between Mercosur and the European Union to reach a wide ranging trade agreement.
Friday, September 9th 2016 - 10:09 UTC
Mercosur insists in trade negotiations with EU despite Brazil and Venezuela situations

Negotiations for a trade and cooperation agreement between Mercosur and the European Union must continue and should not be overshadowed by political issues such as the impeachment process in Brazil, pointed out Paraguay's foreign minister Eladio Loizaga, following a motion by 15 Green Euro and United Left parliamentarians in Strasbourg to cancel discussions because of the “corruption contaminated” removal of Dilma Rousseff.
Tuesday, August 30th 2016 - 04:38 UTC
Mercosur members who disagree and don't accept consensus “can walk out”...

Paraguay said Mercosur will continue to function and is waiting for a reply from Uruguay to confirm a collegiate presidency of the block, until Argentina takes the helm at the end of the year. If not, “Mercosur members are well aware that the the same way they decided to belong to the group, they can walk away...”
Sunday, August 28th 2016 - 03:59 UTC
Eight Paraguayan soldiers executed by rural guerrillas following an attack on a patrol

Eight Paraguayan soldiers died on Saturday in a rural roadside explosion, followed by execution of survivors, 500 kilometers north of the capital Asunción, the government said, blaming it on a criminal group which identifies itself as the EPP, acronym for Paraguayan People's Army.
Saturday, August 27th 2016 - 05:45 UTC
Mercosur founding members confident of a solution to the Venezuela situation

The foreign ministers of Mercosur founding members will adopt a common position regarding the current disarray of the group following on Venezuela's unilateral attitudes said Paraguayan economic affairs and integration deputy minister Rigoberto Gauto.
Thursday, August 18th 2016 - 03:28 UTC
Nin Novoa's statements are “not compatible with the excellent relations between Brazil and Uruguay”

The Brazilian government said it was deeply disappointed and surprised at statements from Uruguay's foreign minister, which “are not compatible with the excelence of relations between Brazil and Uruguay”, according to an official release from Itamaraty, Brazil's foreign ministry, regarding the controversy over the Mercosur presidency.
Tuesday, August 16th 2016 - 07:17 UTC
Mercosur on collision course: Uruguay rejects collective presidency sponsored by Brazil

Uruguay's Foreign Minister Rodolfo Nin Novoa said on Monday that he was opposed to the proposal that the Mercosur presidency should be held collectively, as a number of countries are opposed to Venezuela taking over the role. The proposal has been sponsored by Paraguay and Brazil for several weeks, particularly Brazil's Foreign Minister Jose Serra.