The National Integrated Service of Customs and Tax Administration (Seniat) of Venezuela adjusted the value of the Tax Unit from 9 to 43 bolivars.
This was reflected in Official Gazette No. 43,140, dated June 2, 2025.
The value of the UT, which will now be 43 bolívares, the national currency,…
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2025
Drop in dollar payments worries the retail sector
Payments in dollars, the US currency, have declined alarmingly during the first months of 2025, according to the retail sector in Venezuela.
The sector has pointed out that "the use of US dollars as a payment method in retail stores has…
Fedecámaras describes commercial activity in the first quarter of the year as slow
The second vice president of Fedecámaras, Tiziana Polezel, stated last week that the commercial sector's dynamics were minimal during the month of March. She noted that the first quarter was slow.
She cited the exchange rate differential…
IMF cuts GDP growth projection for Latin America and the Caribbean
The International Monetary Fund estimated a slowdown in GDP growth for Latin America and the Caribbean in 2025, according to the organization in its World Economic Outlook report, released last week.
This cut is primarily due to a 0.3 %…
Jagi Caps and Flow Brass provided powerful music at Sambil La Candelaria
Jagi Caps and Flow Brass have formed a creative collaboration, which included a presentation and live session to invite everyone to "In/sayo," a work full of ingenuity and talent, to be performed at the Teresa Carreño. Her presence and…
Central Bank of Brazil lowers economic growth forecast
The Central Bank of Brazil lowered its economic growth forecast for this year due to the inflation rate, increased public spending, and various weather events.
The reduction in the growth forecast "indicates that further interest rate…
Kirsty Coventry is the first woman to preside over the International Olympic Committee
Kirsty Coventry, from Zimbawue, was elected on March 20 as the new president of the International Olympic Committee. She will replace Thomas Bach, whose 12-year term ends on June 23.
Coventry becomes the first woman to preside over the…
OECD forecasts Costa Rica’s GDP growth at 3.8 %
The Organization for Economic Cooperation and Development (OECD) forecasts Costa Rica's Gross Domestic Product growth of 3.8% this year.
The international organization presented the data last Tuesday through the OECD Economic Surveys:…
Oscar Awards Ceremony is this Sunday, March 2
The nominees for the 97th Academy Awards Ceremony will meet this Sunday, March 2, in Los Angeles to learn the verdict of the Academy of Motion Picture Arts and Sciences on each production.
As is known, the winners of this emblematic award…
Hyundai Venezuela presented the 2025 Tucson: «The face of the future»
The arrival of the long-awaited Hyundai Tucson 2025 is already a fact. It is an SUV that redefines the standards of design, technology and comfort in its segment.
Under the slogan «The face of the future», this new Tucson arrives to…
Germany elects new chancellor this Sunday, February 23
On Sunday, February 23, Germany will hold elections to choose the new chancellor. The candidates Olaf Scholz, Friedrich Merz, Robert Habeck and Alice Weidel will compete for the position.
As is known, Olaf Scholz is the current chancellor…
South Korea to allow institutions to sell cryptocurrency donations
The South Korean Financial Services Commission (SFC) announced that this year it will allow institutions to sell cryptocurrency donations and will instruct banks to offer more services to companies linked to the sector.
“South Korea's top…