The data recently published by the Consumer Price Index of Uruguay's National Institute of Statistics shows that year-on-year inflation fell from 5.03 % to 4.09 % in November, thus completing 30 consecutive months within the tolerance range set by the Yamandú Orsi administration, which ranges from 3…
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The bolivar continues to devalue

The bolívar, Venezuela's official currency, continues to experience a marked devaluation that is hitting the population's purchasing power and eroding wages. As of the end of November, the national currency had lost 8.8 % of its value…

Poverty rates have decreased in the European Union

According to the EU's statistical office, Eurostat, “the overall poverty rate in the EU fell to 17.4 %, decreasing sharply in southern and eastern countries (Cyprus -38 %). However, Eurostat confirms that it rose in France (+2 %) and the…

Venezuela and Russia sign 42 new agreements

Venezuela and Russia signed 42 agreements in various key areas for both nations, such as agriculture, energy, cooperation, and the extension to 15 years of the license for oil exploration and exploitation by joint ventures. The meeting…

More than 4,000 jobs have been created in La Guaira

The creation of the Special Economic Zone (ZEE in Spanish) in the Venezuelan state of La Guaira, promoted by President Nicolás Maduro, has attracted investment and created more than 4,000 jobs. Governor José Alejandro Terán emphasized this…