Understand how the Venezuelan economy moves.
This week, a significant event took place where the first board of directors of the Venezuelan-Turkish Economic Integration Chamber (Cavetur) was sworn in. This new body aims to boost trade between Venezuela and Turkey. The goal is clear: reach $3 billion in trade exchange within the next three years, focusing on investments, tourism, and Special Economic Zones.
Iran and Venezuela are approaching the finalization of a trade agreement that will eliminate tariffs on raw materials and other goods between the two nations.
The European Commission, the executive branch of the bloc, announced that the decision was made following a “thorough evaluation” and…
The Caracas Stock Exchange and the United Nations Development Programme (UNDP) will create Venezuela’s first Financial Sustainability Index.
The Venezuelan Finance Observatory (OVF) recorded a sharp increase in prices in May, reporting an alarming monthly inflation rate of 26%.
The increase would have an immediate and profound impact on Venezuelans’ wallets, directly affecting transportation and trade costs. Photo: Archive…
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…
The recent increase in Venezuela’s tariff tool was set at a rise of 377.7% compared to its previous value fixed…
Executive Vice President Delcy Rodríguez announced on Wednesday that foreign currency allocated for imports will be rationed to prioritize essential needs, such as food, medicine, and production supplies.
In previous years, price adjustments have contributed to the disappearance of basic goods from store shelves and inflationary pressure, creating…
