As part of the CP2 LNG project, the Italian oil company Eni signed a 20-year agreement with the US-based Venture Global for the purchase of 2 million tons of liquefied natural gas per year.
Eni announced this agreement last week in an official statement, indicating that the "Venture Global plant,…
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Brazilian president predicts end of US dollar hegemony
Brazilian President Luiz Inácio Lula da Silva stated on Monday, July 7, in Rio de Janeiro, during the BRICS summit, that the US dollar's hegemony will disappear.
Lula asserted that "the US dollar will cease to be the reference currency in…
Businesspeople in Táchira call for reactivation of border exchanges
The president of the San Antonio del Táchira-Ureña Exchange Operators, Jeovanny Fernández Sayago, recently addressed the situation of transactions on the border with Colombia, stating that it is regrettable that Venezuelans are subjected to…
Pension payments remain a challenge for EU countries
When they reach retirement age, workers become dependent on the income represented by their pension. In the European Union countries, the highest allowance is in Luxembourg, where retirees receive €31,385. The lowest is in Bulgaria, where…
Brazil reduced its fiscal deficit to 7.56 % of GDP in May
In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of…
Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Tourism sector is key to Venezuela’s economic growth
Venezuela's economic diversification process is strengthened by incorporating tourism as a key element of growth, according to a recent statement by the Minister of Tourism, Leticia Gómez.
The official emphasized that, in this regard, they…
China’s industrial sector reported expansion in May
Reports for May in China's industrial sector indicate sustained growth, driven by innovation. According to data for last month, "China's value-added industrial output grew 5.8 percent year-on-year."
In the manufacturing sector, value-added…
Tension in the Middle East causes rising of oil prices
Conflicts in the Middle East have always influenced oil prices. The current crisis in the region is no exception, and the increase in the price of a barrel of crude oil has a positive impact on the Venezuelan economy.
Expert opinions…
OVF: Annualized inflation in May reached 229 %
The monthly inflation rate in Venezuela stood at 26 % last May, according to the Venezuelan Finance Observatory report. In April, the Venezuelan Finance Observatory placed this indicator at 18.4 %.
According to the independent entity, the…
Peru’s cumulative inflation was 1.05 % from January to May
From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.
This was reported this Sunday, June 1, by the National Institute of Statistics…
Foreign currency transactions decrease in Venezuela
Economist Asdrúbal Oliveros, managing partner of Ecoanalítica, recently indicated in a radio interview that foreign currency transactions in Venezuela have decreased to 16 %, while 84 % are made in bolivars, the local currency.
According…