Club Olimpia is a Paraguayan sports club based in the city of Asunción. The club promotes the practice of various sports with most importance given to the football and basketball sides, the former being the highest priority and most successful. They were founded on July 25, 1902 by a group of young Paraguayans, and the name stems from the idea of its principal founding member, William Paats, a Dutchman based in Paraguay, who is considered the father of Paraguayan football for having introduced the practice of the sport in the South America country.

Olimpia are the most decorated institution in Paraguayan football with 40 domestic titles to date. El Decano or Rey de Copas, as they are popularly known, also holds the record of winning six consecutive Primera division titles, the only club to have achieved a hexacampeonato.

Olimpia hold eight international titles, among which three Copa Libertadores and one Intercontinental Cup. It is the only Paraguayan club to have won official CONMEBOL tournaments, and it is also one of only two clubs in history to have earned an international cup despite not playing in it. In 1990 Olimpia won the Copa Libertadores and the Supercopa Libertadores, meaning they won the Recopa Sudamericana automatically.

Nuestra Señora Santa María de la Asunción (Spanish pronunciation: [asunˈsjon], Guarani: Paraguay) is the capital and largest city of Paraguay.

The Ciudad de Asunción is an autonomous capital district not part of any department. The metropolitan area, called Gran Asunción, includes the cities of San Lorenzo, Fernando de la Mora, Lambaré, Luque, Mariano Roque Alonso, Ñemby, San Antonio, Limpio, Capiatá and Villa Elisa, which are part of the Central Department. The Asunción metropolitan area has more than 2 million inhabitants. The Municipality of Asunción is listed on the Asunción Stock Exchange, as BVPASA: MUA, a unique feature of any city.

It is the home of the national government, principal port, and the chief industrial and cultural centre of the country.

History

Asunción is one of the oldest cities in South America and the longest continually inhabited area in the Rio de la Plata Basin; for this reason that it is known as "Mother of Cities". It was from Asunción that the colonial expeditions departed to found other cities, including the second foundation of Buenos Aires and of other important cities such as Villarrica, Corrientes, Santa Fe and Santa Cruz de la Sierra.

Asunción is a Spanish word that means ascension or assumption. In most cases the name refers to the Assumption of Mary.

Asunción may refer to:

Places

The Church of la Asunción (Spanish: Iglesia Parroquial de la Asunción) is a church located in Galapagar, Spain. It was declared Bien de Interés Cultural in 1995.

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