The front has the seal of the Treasury – a lion seated in front of a brown pole with a red Phrygian cap and above, the words „Peace and Justice“. The reverse side of the flag shows the national emblem with a five-pointed star surrounded by a palm leaf and an olive branch, both tied together with a ribbon on the bottom. Over the top are the words „República del Paraguay“.
02. Garden of the world
Paraguay is small and is one of the two landlocked countries in South America, which affects it economically. The total surface is comparable to Germany, Luxembourg and Switzerland together. Many rivers cross the country, watering a lush variety of plants and trees, giving shelter to amazing animal species. 3.5 % of the country’s surface is officially protected.
03. Guarani Mythology
They created the earth and humans, they are considered the protectors of nature and animals and they can take revenge on one who has fallen from grace. The stories of the characters of the Guarani mythology have been passed from one generation to the next and have lived on to current times. Even though they are told in different ways, since they were passed on orally, they all provoke fear....
Trips through Paraguay are always full of adventure and easy on the budget, if and when intercity buses are used as transportation. The most comfortable and smoothest ride is obviously a private vehicle that, in some regions should be all-terrain. Paraguay has asphalt roads that lead in most all directions, but the off-roads of these could seem particularly risky. Whichever be the region of the country you visit, even in the most remote place, you will always encounter kind, hospitable locals who are willing to help and guide you in the right direction if you are lost. ...
05. Economy Profile
The local currency is the Guarani. 4.500 Gs are approximately equivalent to US$ 1.
Economic Development in Paraguay 2008
The Gross National Product grew a 5,8% in 2008, thus continuing the upward trend of the past years. However, the strong dependency on the agriculture and the complicated environment for investments are still an obstacle for the strengthening of industries. Direct investments from abroad decreased by 50 % compared with the year 2007. In spite of the will of the new administration from august 2008 to initiate reforms, the legal system and the public administration are still deficient....
06. The history of Paraguay
It was surely –as is usual for Paraguay- a warm sunny day, when on August 15 1537, the calmness of the Guarani domains ended suddenly. White men wearing odd clothes sailed in on the majestic Paraguay River and named the place they were setting foot on „Casa Fuerte de Nuestra Señora de la Asunción“, since it was the catholic holiday of “Asunción de María”.
Spain sent an imposing contingent made up of 11 boats and 2.500 soldiers to submit the countries of La Plata. Two of these boats had dared to explore the jungle through the rivers to delve deep in the territories. After disembarking and giving the place a name, it seemed the Spanish never wanted to leave it again. The natives did not resist and in 1543 the region was incorporated to the Spanish Peruvian Viceroyalty. Asuncion became the center of the Spanish colonies in the southeast of South America. After having crossed the Chaco towards the northeast, the Spanish also founded the city of Santa Cruz of Bolivia. The Spanish continued east to conquer the rest of Paraguay. They finally went south and in 1580 re-founded the city of Buenos Aires, which they had abandoned 43 years back....