Understand how the Venezuelan economy moves.
Telefónica’s chairman, Marc Murtra, announced on Tuesday that the company will also be leaving Venezuela, as part of the sale of all its assets in Hispanic America, in addition to Mexico and Chile.
Venezuela’s oil exports declined by 26% to 808,000 barrels per day in October, according to Reuters.
Caracas hosted the Russia-Venezuela Business meeting this Tuesday, which brought together more than 500 companies from both countries with the goal of strengthening cooperation in key sectors such as energy, finance, agriculture, technology, and artificial intelligence. The event took place amid a regional context marked by tensions with the United States.
For three days, more than 100 companies, 45 panelists, and representatives from the public, private, and academic sectors, as well as international cooperation, are meeting at the Hotel Renaissance La Castellana in Caracas to promote the country’s sustainable productivity. The event is organized by the United Nations Development Programme (UNDP), the Venezuelan Chamber of the Food Industry (CAVIDEA), and the Development Bank of Latin America and the Caribbean (CAF).
According to the latest OPEC report, Venezuela’s oil production has continued to increase since June despite the imposition of new restrictive measures by the United States.
The exchange rate gap remains the leading challenge (15.4%) faced by private companies in Venezuela in 2025, according to the results of Fedecámaras’ Qualitative Survey of Business Chambers for the second quarter of the year.
The Spanish oil company Repsol is in advanced talks with the Donald Trump administration to receive more than 330 million euros (about 387 million dollars) in crude oil and derivatives as part of the payment for the debt that Petróleos de Venezuela S.A. (PDVSA) has with the company.
Venezuela exported 1.09 million barrels per day in September, the highest monthly level since February 2020, according to data referenced by Reuters.
The island of Margarita is experiencing an upturn in its real estate market, with growing participation from foreign investors who see the Venezuelan Caribbean as a unique opportunity. Municipalities such as Maneiro and Antolín del Campo concentrate the highest demand, while efforts are being made to boost areas like Juan Griego and Porlamar.
The Fraser Institute report highlights the close link between low economic freedom, lower per capita income, and reduced life expectancy….
