Latest

All articles

858 total · 9 / 72

Criminal complaint against former IPS president for losses exceeding G. 391 billion

Lawyers Juan José Bernis and María Muñoz filed a criminal complaint against the former president of the Institute of Social Welfare (IPS), Jorge Brítez, and other former directors, for alleged irregularities in five tenders totaling G. 391,574,472,965. The action was filed with the Public Prosecutor's Office and points to breach of trust and misappropriation of public funds.

ipsjorge-britez

Guarani Appreciation Reduces Customs Revenue and Challenges Fiscal Projections in Paraguay

The strong appreciation of the guarani against the dollar, with the exchange rate near G. 6,000, is reducing the tax base on imports and pressuring revenue for the National Directorate of Tax Revenues (DNIT). Director Óscar Orué states that although import volume grew 5.2% in dollars through April, the 20.5% depreciation of the US currency caused the taxable base in guarani to fall 16.2%, mainly affecting the customs component. DNIT maintains its revenue projection for 2026, betting on strengthened oversight and better performance of internal taxes to offset losses.

guaranidnit

Crisis at the IPS Laundry: Only Three Machines Working and No Running Water

The president of the Institute of Social Welfare (IPS), Isaías Fretes, revealed that two of the five machines in the Central Hospital's laundry have been broken for three years, forcing employees to carry water in buckets. The area also lacks running water due to an unfinished construction project. Fretes announced that he will resort to a leasing system to resolve the problem.

ipshospital-central

Paraguay Stock Exchange Advances in Offering Currency Forwards to Curb Dollar Volatility

The Asunción Stock Exchange (Bvpasa) is working with the Central Bank of Paraguay to enable the trading of currency futures (forwards) on the stock market as a hedging tool for importing and exporting companies amid exchange rate volatility. Bvpasa President Pablo Cheng also highlighted the potential of the Investor Pass program to attract foreign capital and provide liquidity to the market.

forwardinvestor-passbvpasa

Peña and Alliana Ask Cartes to Run for Reelection in ANR, Reveals Party Agent

President Santiago Peña and Vice President Pedro Alliana have asked Horacio Cartes to consider a new candidacy for the presidency of the Colorado Party in 2028, according to the general agent of the ANR, Eduardo González Báez. The request was made during a meeting of the Honor Colorado Command at the former president's residence.

horacio-cartessantiago-penapedro-allianahonor-coloradoanr

Prosecutor's Office Investigates Irregular Drainage in Paso Yobái Wetland

The Specialized Environmental Crimes Prosecutor's Office of Villarrica is investigating alleged irregularities in drainage works on a rural property in the San Agustín community, Paso Yobái district, which may have caused damage to a protected wetland. The action was prompted by complaints from residents and indicates that the work may have exceeded the environmental license granted by the Ministry of Environment and Sustainable Development (Mades).

paso-yobaimades