Ciudad del Este Paraguay
Ciudad del Este ( Spanish for City of the East ) is the second largest city in Paraguay and capital of the Alto Paraná Department , situated on the Rio Paraná . As of 2008 its population was of 320,782. Founded in 1957, it was originally called Puerto Flor de Lis , then until 1989 Puerto Presidente Stroessner , after Alfredo Stroessner . The city is the seat of the Roman Catholic Diocese of Ciudad del Este . CDE was, according to Forbes, the third commercial city in the world between 1990 and 2002. [ citation needed ] The city is the headquarters of the company that operates the nearby Itaipu Dam . [ citation needed ] The city's economy (and Paraguay's economy as well) relies heavily on the mood of the Brazilian economy , as 95% of Paraguay's share of the energy generated by the Itaipu Dam is sold to Brazil (for US$300 million), and that every day many Brazilia...