Costa Food Group was investing in Paraguay before buying the Incka Foods pork plant and Granja El Nido, assets previously linked to Grupo Concepción. The group plans to invest more than US$300 million, expand capacity and integrate pig producers.
Forbes Paraguay
https://www.forbes.com.py/Estefanía Laterza de los Ríos has taken office as Paraguay’s ambassador to the United States with an initial two-year plan covering political, economic, trade, security, science, education, public diplomacy and community cooperation.
Dense fog temporarily diverted international flights from Silvio Pettirossi Airport to alternative terminals, while Paraguayan air traffic grew 41.5% over a decade and is driving plans to expand airport infrastructure.
The Asunción Downtown Resilience Project has three construction contracts, including the burial of 2.5 kilometers of a transmission line and work in the Historic Center and Parque Caballero, but it is still awaiting contracts for housing in the Chacarita Eco-Inclusive District and for supervision.
Paraguay granted 36,033 residence permits to foreigners between January and July 2026, 74% more than in the same period last year, including 23,994 to Brazilians, amid the expansion of the Investor Pass program and a 58% increase in applications.
H&M has opened its first store in Paraguay, with a second unit scheduled for next week, and confirmed plans to expand to Argentina in 2027, as part of its growth strategy in Latin America.
An Ecuadorian business group, formed by Novacero and Holding Swissôtel, will invest $200 million in Paraguay for a hotel complex and to transform an acquired steel distributor into an industrial unit, attracted by economic growth, investment promotion laws, and cheap energy.
The Paraguayan passport rose to 28th place in the global ranking in July 2026, with visa-free access to 145 countries, rounding out the list of the ten most powerful in the Americas, behind Chile, Argentina, Brazil, and others.
The Argentine coffee shop chain Café Martínez has announced a $35 million investment to quintuple its network, expanding from its current 250 stores to 600 by 2035.