Last week, Omar Bautista, president of the Venezuelan Chamber of Automotive Parts Manufacturers (Favenpa), indicated that the country is working to recover the sector's production capacity and restore the annual supply capacity of 100,000 units.
According to Bautista, the Venezuelan automotive…
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Finance and Foreign Trade
Venezuela creates the National Cybersecurity Council
The Venezuelan government created the National Cybersecurity Council through Official Gazette No. 42,939, dated August 12, 2024, with the participation of the ministries of Defense, Science and Technology, Economy, Finance and Foreign…
National Assembly of Venezuela approved law to promote non-oil exports
Venezuela is heading towards a diversified economic model with the recent approval of the Non-Petroleum Export Promotion Law last Wednesday, July 17.
The country's economy has depended on hydrocarbons for decades. However, the government…