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 Brazilians cross the border to buy less expensive products[2] (US$1.2 billion, mostly electronics). Smuggling is a major occupation in the city, with some estimates putting the value of this black market at five times the national economy. Although some people and countries state that there are terrorist organizations in the area, no evidence of this has been found.[3][4]
Location: Sydney NSW, Australia

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