Fiat, represented in Paraguay by Grupo Garden, began construction of its new corporate headquarters in Asunción on June 9, with an investment of 30 million dollars. The 13-story building will cover 45,700 m² at the intersection of República Argentina and Guido Boggiani avenues. This investment is significant for Paraguay's economy and the regional automotive industry, marking a milestone in the development of the local automotive sector and reinforcing Paraguay's potential as an industrial growth hub in South America.
Asociación de Bancos del Paraguay
Pytagua coverage mentioning Asociación de Bancos del Paraguay.
The Paraguayan government has created a working group led by Deputy Minister of Industry Javier Viveros, with representatives from various financial and government institutions, to streamline the process of opening bank accounts by foreign investors following complaints about excessive bureaucracy, with a 60-day deadline to present a concrete proposal.
The growth of quick credit apps in Paraguay exposes consumers to interest rates reaching 60% and administrative fees of up to 30% of the borrowed amount, a practice regulated by the Central Bank of Paraguay (BCP) but still escaping authorities' control. The "shadow banking" model is also adopted by appliance retail chains, which inflate prices and impose disguised charges to circumvent usury laws.