Understand how the Venezuelan economy moves.
The Central Bank of Venezuela (BCV) reported on Thursday that the Venezuelan economy grew by 9.32% in the first quarter of 2025. However, this figure drastically differs from estimates by multilateral or non-governmental organizations, which predict a recession this year.
Venezuelan President Nicolás Maduro announced on Wednesday an increase in the “Ingreso Mínimo Integral” or “Comprehensive Minimum Income” (IMI) from 130 to 160 U.S. dollars—according to the official exchange rate—on the occasion of Labor Day.
The new government of Trinidad and Tobago said that it will open discussions with Washington DC to access gas fields across the sea border with Venezuela, as reported by Argus.
This Wednesday, Josu Jon Imaz, CEO of Repsol, shared that the Spanish company is in direct talks with the U.S. government to continue operating in Venezuela.
The report published by the United Nations Development Programme (UNDP) states that Venezuela ended 2024 with growth driven by oil expansion, but the country faces an uncertain 2025 following the withdrawal of Chevron’s and other oil companies’ licenses.
Quarterly economic activity growth rates, according to the Venezuelan Finance Observatory (OVF), since 2022. Guacayama, April 25, 2025. The Venezuelan…
The Executive Vice President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, was received at the Great Hall of the…
Crude oil production rose to its highest level since February 2019, reaching 1,085,000 barrels per day (bpd), according to internal reports from PDVSA.
On April 11, Nicolás Maduro restructured the board of directors for the Central Bank of Venezuela (BCV) following the resignation of two of its members. The institution is now chaired by Laura Carolina Guerra, while the Minister of Finance and Economy, Anabel Pereira, is the new representative of the national executive on the board.
Telefónica, the Spanish telecoms giant, is speeding up the sale of its subsidiaries in Latin America. After operating in 12 countries across the region, it will now retain only Venezuela, in addition to its businesses in Europe and a stake in China Unicom.
