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MercoPress, en Español

Montevideo, April 28th 2026 - 09:33 UTC

Tag: Santiago Peña

  • Tuesday, April 21st 2026 - 18:17 UTC

    Paraguay attracts record foreigners with low taxes and new investor residency program

    Paraguay consolidated over recent decades a simplified tax structure known as “10-10-10”: 10% VAT, 10% personal income tax and 10% corporate income tax.

    Foreign residency applications in Paraguay surged 85% in the first quarter of 2026, reaching 18,071 compared to 9,760 in the same period of 2025, the National Migration Directorate reported. Temporary residency requests jumped 105% to 14,995, while permanent residency applications rose 25% to 3,076.

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  • Thursday, April 16th 2026 - 23:08 UTC

    “We are oppressed in Brazil”: thousands of conservative Brazilians seek new life in Paraguay

    Paraguay broke a record in 2025 by granting 40,600 residency permits to foreigners. More than half — 23,500 — went to Brazilians, far outpacing the 4,300 Argentines in second place

    Hundreds of Brazilians camped overnight on beach chairs, plastic benches and tarps outside an immigration center in Ciudad del Este, on the border with Brazil, to secure a spot in a Paraguayan government drive to fast-track residency applications. Some organized an improvised barbecue on a barrel while they waited. Others had traveled more than 1,500 kilometers by bus. All shared a common thread: the desire to leave Brazil for reasons they describe as political, economic and ideological, according to a report by BBC News Brasil.

  • Wednesday, April 15th 2026 - 23:55 UTC

    Paraguay expects over US$1 billion in Singapore carbon credit investments

    De Barros said President Santiago Peña received the delegation and expressed confidence that if ”all processes of interest with Singapore are completed

    Paraguay's government expects investments from Singapore in carbon credit projects to exceed $1 billion, Environment and Sustainable Development Minister Rolando De Barros said on Wednesday, as a delegation from the Asian nation visited Asunción led by Sustainability and Environment Minister Grace Fu Hai Yen, accompanied by 20 business executives.

  • Monday, March 23rd 2026 - 01:53 UTC

    Lula and Peña agree to accelerate Itaipú treaty review

    Annex C stipulates that both countries are entitled to 50% of the energy generated, but requires whichever party does not use its full share to sell the surplus to the other at preferential rates

    The presidents of Brazil, Luiz Inácio Lula da Silva, and Paraguay, Santiago Peña, agreed on Sunday in Campo Grande to intensify negotiations over Annex C of the Itaipú treaty, the instrument that governs the financial terms and energy sales of the binational hydroelectric dam, one of the largest in the world.

  • Sunday, March 22nd 2026 - 21:32 UTC

    Peña promotes Paraguay as investment destination at meeting with Brazilian business leaders

    We met with business leaders who already invest in Paraguay and want to expand, but also with new players who see a concrete opportunity in our country,” Peña said

    Paraguay's President Santiago Peña met on Sunday in Campo Grande, the capital of Brazil's Mato Grosso do Sul state, with business leaders from the state's Federation of Industries (FIEMS) to promote investment opportunities in his country. The meeting, organized at the association's request, brought together representatives from sectors including bioenergy, food, construction and logistics.

  • Tuesday, February 3rd 2026 - 12:57 UTC

    Paraguay’s long-run growth leads South America, but income gains lag

    The same comparisons place larger economies behind Paraguay in percentage terms, including Colombia, Chile and Brazil

    From 1960 to 2024, Paraguay posted the highest cumulative GDP expansion in South America, according to calculations published by Forbes Paraguay and Colombia’s La República, drawing on World Bank constant-2015-dollar series. Over that span, Paraguay’s economy rose from roughly US$2.8 billion to about US$46 billion (2015 prices), multiplying more than sixteen-fold.

  • Monday, January 5th 2026 - 08:44 UTC

    Paraguay's Peña approves of Maduro's arrest and wishes Venezuelans all the best

    Peña highlighted the event as a critical opportunity for a democratic restoration in the region

    Paraguayan President Santiago Peña celebrated Washington's intervention in Caracas to hold Bolivarian leader Nicolás Maduro Moros accountable before a New York court of law.

  • Wednesday, December 31st 2025 - 10:47 UTC

    Paraguayan President highlights economic growth and 3.1% inflation

    Peña acknowledged his country faced “tensions” inherent to a developing economy

    The Central Bank of Paraguay (BCP) announced on Tuesday that the country has concluded 2025 with an annual inflation rate of 3.1%, successfully meeting its target range and demonstrating a trend of continued macroeconomic stability.

  • Monday, December 22nd 2025 - 10:55 UTC

    Paraguay handed over Mercosur pro-tempore presidency

    There was no joint communiqué, but a 41-point declaration was agreed upon

    The 67th Southern Common Market (Mercosur) Summit concluded on Saturday in Foz do Iguaçu, with Paraguay officially assuming the bloc's pro-tempore presidency from host Brazil. Amid a backdrop of geopolitical friction and trade delays, Paraguayan President Santiago Peña outlined a pragmatic six-month agenda focused on economic openness and regional connectivity.

  • Saturday, December 20th 2025 - 09:46 UTC

    Integration Bridge between Paraguay and Brazil opened to traffic

    Lula presided over the ceremony as Peña was kept in Asunción due to personal issues

    The Brazil-Paraguay Integration Bridge was officially opened to vehicle traffic on Friday during a ceremony attended by Brazilian President Luiz Inácio Lula da Silva. His Paraguayan counterpart, Santiago Peña, intends to hold a separate event on Saturday on his country's side of the structure linking Foz do Iguaçu (Brazil) to Presidente Franco (Paraguay).

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