Nueva Italia, Paraguay and has a perfect square shape, because of the original urban planning promoted by count Enrico Statella. Nueva Italia, Paraguay Nueva Italia (Spanish for "New Italy") is a town in the Central Department of Paraguay. Nueva Italia was created in 1904 by the Paraguay government in order to establish some colonists from Italy and their 18 families in a farming area 40 km south of the capital Asunción. However also some German and Ucranian emigrants moved to live there. The first manager-administrator of this "Colonia Nueva Italia" (as was officially named) was the Italian count Enrico Statella. After WW1 many
Economy of Paraguay Most of Paraguay's trade takes place with Uruguay, Brazil and Argentina. In 2002 Paraguay conducted more than US$400 million in trade with Argentina and nearly US$800 million with Brazil. Paraguay is also a member of the Inter-American Development Bank, Latin American Integration Association, and Latin American Economic System and a signatory to the agreement creating the South American Community of Nations. In 2004 Paraguay signed an energy cooperation agreement with Venezuela to purchase oil and petroleum. Venezuela agreed to concessional financing that allowed Paraguay to pay over a 15-year period at a nominal interest rate. Imports totaled US$3.3 billion in