Understand how the Venezuelan economy moves.
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.
In an unexpected shift in the global trade war, U.S. President Donald Trump has yielded to market pressures and announced a partial 90-day truce, during which he will suspend the imposition of new tariffs.
The Donald Trump administration has revoked the authorizations allowing Trinidad and Tobago to produce gas in joint fields with Venezuela without fear of reprisals.
The White House confirms the move after Beijing maintained its retaliatory tariffs, while China consolidates its digital yuan to challenge the dominance of the dollar.
The Italian company is seeking an exemption from U.S. sanctions to continue operating in Venezuela, where it is one of the main suppliers of gas for the domestic market.
