OVF: Venezuela’s May Inflation Rises to 26%
The Venezuelan Finance Observatory (OVF) recorded a sharp increase in prices in May, reporting an alarming monthly inflation rate of 26%.
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Venezuela Plans a 50% Increase in Gasoline Prices, According to Bloomberg
The increase would have an immediate and profound impact on Venezuelans’ wallets, directly affecting transportation and trade costs. Photo: Archive…
What do we know about the new oil contracts in Venezuela?
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…
New value of the Unidad Tributaria: Essentials for taxpayers and businesses
The recent increase in Venezuela’s tariff tool was set at a rise of 377.7% compared to its previous value fixed…
Delcy Rodríguez Announces New Restrictions on Foreign Currency Allocation for Imports
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.
Price Adjustment Revives Fear of Shortages and Inflation
In previous years, price adjustments have contributed to the disappearance of basic goods from store shelves and inflationary pressure, creating…
Which U.S. companies bought Venezuelan oil?
While Chevron was the main U.S. producer of Venezuelan oil, the product found a long list of buyers in the East Coast.
Reuters: Venezuela Stabilizes Its Oil Exports in May Thanks to More Shipments to China
The Jose Blending Plant of PDVSA, located in the José Antonio Anzoátegui Industrial Complex in Barcelona, Anzoátegui, was expanded in…
Reuters: Venezuela Raises Taxes on Private Sector After Chevron License Cancellation
With an expected drop of up to 30% in oil revenues due to new U.S. sanctions, Nicolás Maduro’s government is tightening the screws on the private sector.
Venezuela Received the President of the Iranian Parliament to Strengthen Bilateral Ties
Mohammad Baqer Ghalibaf, Speaker of the Islamic Consultative Assembly of Iran, upon his arrival this Sunday at Simón Bolívar Maiquetía…