The Venezuelan Confederation of Industries (Conindustria) anticipates that the sector could experience double-digit growth by the end of 2026.

Currently, it reports an operating capacity of 52.7 %, according to the report presented by Tito López, president of Conindustria, “and seeks to attract international investment to reach 80 % production.”

The trade association has presented an optimistic assessment of the performance of the national manufacturing sector, “with a 5.4 % recovery in industrial capacity by the end of 2025.”

The available margin, close to 47 %, is seen by industry leaders as key to Venezuela’s strategic positioning in global markets, particularly for attracting foreign investment.

Regarding expectations for the end of 2026 and the beginning of 2027, Conindustria’s technical estimates range between 12.5 % ​​and 12.7 %. According to López, this year is one of economic consolidation, where not only will there be a greater supply of domestic products, but also a boost in formal employment and an improvement in the competitiveness of Venezuelan products compared to imports. The goal is clear: to transform incipient growth into sustained expansion that benefits the entire value chain.

However, the executive emphasizes that achieving these goals requires a stable macroeconomic environment, including the activation of tax incentives that alleviate the tax burden on companies in expansion phases; bank loans to inject working capital and increase production to 80% of total capacity; Stability in public policies and dynamism in foreign exchange auctions.

M.Pino

Source: diariorepublica

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La entrada Venezuela’s industrial sector projects double-digit growth apareció primero en Bitfinance.

Oil sector analysts indicate that production in Venezuela could increase to 1.5 million barrels per day by the end of 2026 if the growth rate recorded since 2023 is maintained.

According to petroleum engineer and consultant Germán Márquez, professor of Hydrocarbons at the Central University of Venezuela, “recent figures support this possibility.”

OPEC’s October 2025 report placed Venezuelan production at 1,132,000 barrels per day (bpd), representing an increase of 132,000 bpd compared to the end of 2024. “This progress equates to annual growth of approximately 14% and extends a recovery trend that has now lasted five consecutive years.”

The specialist and professor believes that if the average growth rate of the last two years is maintained — an additional 15,000 barrels per day (bpd) per month — “production could close 2025 at around 1,090,000 bpd and reach approximately 1,170,000 bpd in the short term,” reaching the 1.5 million barrel mark in 2026.

Among the reasons for this increase, Márquez points to greater operational continuity and Venezuela’s ability to place crude oil in alternative markets, “which has avoided logistical bottlenecks and shutdowns associated with a lack of storage or export restrictions.”

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Source: finanzasdigital

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The European Union hopes to have the new design of the euro ready before the end of 2026. In this process of change, which has already begun, the European Central Bank (ECB) launched a competition to the public for submissions of ideas.

It was learned that “the Governing Council has already selected two possible themes for future euro banknotes after consulting experts and the public: one is European Culture, focusing on the common cultural heritage and famous Europeans, and the other, Rivers and Birds, which celebrates the resilience and diversity of Europe’s natural ecosystems. In January, the Governing Council also selected the motifs to illustrate the two possible themes.”

The call is open to graphic designers residing in the European Union and consists of two phases: the first is the application, which closes on August 18, and the second is the design proposal phase.

According to the ECB, in the first phase, applicants must meet specific requirements for the competition, which includes an assessment of their qualifications and achievements. Once selected, the graphic designers will be invited to participate in the second phase and submit their proposals. The competition jury, composed of independent experts, will evaluate the proposals and select a maximum of five per theme.

Regarding the process for the new euro banknotes, ECB President Christine Lagarde said: “The euro is more than a currency: it symbolizes European unity and diversity. With this competition, we invite designers from across Europe to envision the future of our banknotes to reflect our shared cultural identity and natural heritage.”

Once the competition is over, citizens will be able to give their opinion on the selected designs. The Governing Council is expected to make a final decision before the end of 2026. Production of the banknotes must then begin, and their entry into circulation may take a few years.

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Source: bolsamania

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This Wednesday, during the 39th plenary meeting of ministers of the Organization of the Petroleum Exporting Countries (OPEC), the organization ratified the reduction in crude oil production until December 31, 2026.

Furthermore, “the ministers also confirmed the assignment of two internal committees responsible for closely monitoring the market and calling extraordinary meetings if they deem it necessary to readjust supply levels, while calling for full compliance with the established national quotas.”

OPEC has asked its secretary to develop a mechanism to assess member countries’ maximum sustainable production capacity, as a benchmark for setting new quotas for 2027.

The issue of voluntary cuts and the OPEC+ position will be discussed at the next OPEC conference, scheduled for November 30 of this year.

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Source: bancaynegocios

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