According to the Central Bank of Paraguay (BCP), direct investment in the South American country reached a record US$ 725 million last year, it was reported Tuesday in Asunción.
Paraguayan President Santiago Peña has filed a complaint with the Organization of American States (OAS) against Argentina's unacceptable and protectionist decision to impose tolls on barges passing through the Paraná River waterway. However, he failed to mention the neighboring country during his appearance before the continental body's Permanent Council.
During a speech at the Wilson Institute in Washington DC, Paraguayan President Santiago Peña highlighted the importance of Mercosur in the face of the recent Argentine elections - regardless of the outcome of the Nov. 19 ballot - and greenlighted China's approach to the bloc.
Paraguayan President Santiago Peña Sunday conveyed his country's support to his Israeli colleague Isaac Herzog during a telephone conversation, it was reported in Asuncion.
Paraguayan President Santiago Peña insisted Monday that if the trade deal between Mercosur and the European Union is not operational by Dec. 6 there would be no agreement at all after he takes over the South American Common Market (Argentina, Brazil, Paraguay, and Uruguay)bloc's pro-tempore presidency.
A Paraguayan barge with fuel seized by Argentine authorities for failure to pay the toll on the Paraguay-Paraná River Waterway has been released after posting nearly US$ 30,000, it was reported.
Paraguay's recently instated president, Santiago Peña said he will continue engaging in dialogue with Argentina to reach a resolution regarding toll charges on the Paraguay-Paraná Waterway. “We do not deny the option of toll charges, but it should be an agreement among the five countries that use the waterway,” he asserted.
Argentina will continue to collect tolls from barges sailing through the Paraná-Paraguay River Waterway because it is something that was contemplated, Foreign Minister Santiago Cafiero said this weekend after his Paraguayan colleague Rubén Ramírez's announcement last week otherwise. A toll is not going to define the relationship between both countries,.
Paraguayan President Santiago Peña Wednesday signed into law a bill suppressing the Finance Ministry and creating a Ministry of Economy and Finance instead, it was reported in Asunción. The motion had been passed by the Lower House earlier this month.
Israel's Foreign Minister Eli Cohen said Paraguay would move its embassy from Tel Aviv to Jerusalem before the end of 2023. Cohen made those remarks after meeting with the South American country's new President Santiago Peña in Asunción.