Paraguay or officially the Republic of Paraguay is situated in South America. It is wrapped by Brazil, Argentina and Bolivia. The Itaipu dam on the Parana River houses world's largest hydroelectric power plant. Agriculture and animal husbandry form a major portion of Paraguayan economy. Foreign interest in arable lands has been a major revenue generator of Paraguay.
Cities of Paraguay
Some top cities of Paraguay include:
- Asuncion: Asuncion serves as the capital of Paraguay. It houses the BVPASA; the only stock exchange of Paraguay. The cathedral, presidential palace, and Pantheon of Heroes are some major architectural landmarks of this city. It houses several schools and universities. Universidad Nacional de Asuncion and the Universidad Catolica are some of them. Cotton, sugarcane, maize, tobacco and various fruits are major production of its fertile land. Garments, oils, shoes, and motorized boats are some major industrial productions of Asuncion.
- San Lorenzo: San Lorenzo is a major city of Paraguay. It houses National University of Asuncion campus. The Roman Catholic Diocese of San Lorenzo is a famous landmark of this city.
- Ciudad del Este: Ciudad del Este boasts of a major tax-free commercial zone. Retail and tourism are its major revenue earners. Smuggling has also formed a strong parallel economy in this region.