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…
Economy
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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…
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…
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…
Rate Gap Nears 50% Following Elections and Chevron’s Final License Termination
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…
Panama and Venezuela Resume Commercial Flights After Nearly 10 Months of Suspension
Arrival area of Simón Bolívar International Airport in Maiquetía, Venezuela’s main air terminal. Photo: Rogerio Tomaz Jr. (Courtesy). Guacamaya, May…
Central Bank of Venezuela: Economy Grew by 9.32% in the First Quarter
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.
Maduro Announces Increase in “Comprehensive Minimum Income” Without Adjusting Wages
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.
Coalición Sindical Suspends May 1 March After Denouncing Government Harassment
Workers, retirees, and the labor movement will not take to the streets this Labor Day, warning of the risk of…
Venezuela and China Strengthen Alliance as Two Vice Presidents Meet in Beijing
The Executive Vice President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, was received at the Great Hall of the…