The president of the Venezuelan Automotive Chamber (Cavenez), Félix Cáceres, believes that financing for the sector is crucial to maintaining the operation of the service chain, including insurance, spare parts, and workshops. Therefore, he emphasizes the need to expand access to credit.

According to Cáceres, “the recent market stability reflects the significant role that financing offered by dealerships has played, along with a gradual improvement in credit conditions from banks.”

The union leader maintains that the market remains stable and that “financing from dealerships has been key throughout this process, along with the efforts of the banks.”

According to Cáceres, automotive sales increased by 60 % in the first quarter thanks to new payment methods and the “financing plans offered by dealerships, which have allowed them to sustain demand in an environment of limited bank credit.”

On the other hand, Cavenez has reaffirmed his support and guidance to companies considering establishing themselves in the country to facilitate their entry and operation.

M.Pino

Source: finanzasdigital

(Reference image source: Obi on Unsplash)

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La entrada Cavenez reiterates need for access to financing apareció primero en Bitfinance.

The territorial president of the Federation of Chambers and Businesses of Venezuela (Fedeindustria), Jorge Hernández, has indicated that 2026 will be a positive and decisive year for the country’s economic recovery.

In the words of the business leader, “the current economic reconstruction process focuses on policies with an immediate impact on social welfare, based on boosting private investment and a structural reform toward simplifying the State.”

According to Hernández, the implementation of three key legal instruments is very positive: the Reform of the Organic Hydrocarbons Law, the Draft Organic Law for the Protection of Socioeconomic Rights, and the Law for the Simplification of Administrative Procedures.

These instruments aim to eliminate bureaucratic processes and generate legal certainty. Furthermore, Hernández highlighted the sense of hope and confidence within the private sector, in a context of economic growth and international openness.

He referred to the progress in the oil sector through investment and crude oil sales, the opening of the energy sector, as well as the growth of the manufacturing industry and bank credit as fundamental pillars of the economic recovery this year.

M.Pino

Source: ultimasnoticias

(Reference image source: Patrick Hendry on Unsplash)

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La entrada Fedeindustria estimates 2026 as a positive year for the Venezuelan economy apareció primero en Bitfinance.