Venezuela’s coffee exports during the first half of 2025 reached 86,000 quintals. According to the Minister of Agriculture and Lands, Julio León Heredia, the figure represents a 500 % increase compared to 2024.

The official stated that “at this rate, we project a 1,000% increase by the end of the year” and added that in the coming months, approximately 95.9 tons of green coffee will be exported to the United States.

This green coffee trade negotiation will be carried out between the national government and Corporación Karaka XXI, C.A., a company “specializing in the comprehensive development of the coffee sector.”

Corporación Karaka XXI representative Oscar Machuca explained that the batch of Venezuelan coffee will be sent to the United States, “joining five previous operations carried out to destinations such as Malaysia, Russia, Turkey, and Southeast Asia.”

M.Pino

Source: bancaynegocios

(Reference image source: Volodymyr Proskurovskyi on Unsplash)

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Asdrúbal Oliveros, managing partner of Ecoanalítica, indicated that Venezuela’s trade sector experienced 1.1 % growth during the first six months of the year.

According to the economist, “the oil sector, the traditional engine of the economy, led the expansion with an increase of 14.8 %. Meanwhile, telecommunications grew 11 %, food 7 %, and health, which includes the production of medicines, 6 %.”

According to the director of Ecoanalítica, this is a notable performance in the trade sector thanks to the fact that “it was one of the beneficiaries of the economic reconfiguration following the 2016-2021 crisis,” when the country lost two-thirds of its economy.

Currently, according to Oliveros, there is a marked disparity in the trade landscape, as on the one hand, areas such as food, medicine, and automotive parts are performing well, while in items such as household appliances, clothing, and footwear, growth is weak as a result of the population’s low purchasing power and macroeconomic instability.

Regarding inflation, the specialist indicated that “the modest growth in trade is due in part to accelerated inflation in the first half of the year and a significant depreciation of the official exchange rate, which limits household consumption, especially for non-essential goods.”

M.Pino

Source: diariocontraste                    

(Reference image source: Hamed Taha on Unsplash)

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La entrada Trade in Venezuela registered a 1.1 % increase in the first half of 2025 apareció primero en Bitfinance.

The first half of 2025 closes for Bancamiga with exceptional performance and strong leadership, which enabled it to achieve 192.58 % growth in its gross loan portfolio, 127.87 % growth in its total deposits, and 354.23 % growth in its financial revenues.

These results are driven by the vision of being the best and largest private bank in the country, recognized for its digital platform and financial strength, offering a unique experience that blends service quality with the efficiency of the banking sector of the future.

The increase in its loan portfolio positions Bancamiga as the sixth-largest banking institution in the country in this important indicator, achieving a 6.16% market share in the Venezuelan Banking System (SBV) and 9.39 % in the private sector. Year-over-year, it has the highest growth, with 544.78 % in the large sector.

This was a semester in which the quality of its loan portfolio also stands out. Its late payment rate of just 1.30 % was lower than the SBV average.

With these loan portfolio figures, Bancamiga reaffirms its commitment to driving growth for its personal and legal clients with innovative products and services that meet their needs and expectations.

Top 3 in foreign currency deposits

In these first six months of the year, Bancamiga reached one million customers, continued to offer friendly and secure financial solutions, and its Mobile Bancamiga celebrated its second anniversary across the country to reach more Venezuelans and support them on their path to financial inclusion.

This daily effort by more than 1,000 employees across the country enabled total deposits to increase by 127.87 % compared to December 2024, placing Bancamiga as the institution with the highest relative growth in the large stratum.

Year-on-year, deposits from the public experienced a 253.91 % increase, allowing Bancamiga to achieve a 5.45 % market share, ranking sixth in the national ranking and above the annual variation reflected by the SBV and private banks.

Among the range of deposits from the public, foreign currency stands out, a sector where Bancamiga ranks among the top three private banks, with an absorption rate of 13.08 % and 7.54 % of the Venezuelan Banking System.

In June alone, Bancamiga ranked as the bank with the highest proportion of deposits in foreign currency, with 53.01 %. In annual terms, it absorbed 0.85 percentage points of private banking and 0.57 of the SBV.

Increasing financial revenue

To be one of the country’s leading financial institutions in such a competitive market, it is essential to shine. This must be achieved with products that set the pace, as Bancamiga does with its Debit Mastercard, which, supported by contactless technology, allows customers to make online purchases, subscribe to streaming platforms, pay at national and international points of sale, and withdraw from ATMs abroad. The bank explains in a statement.

This also includes innovations such as the tokenization of its cards in its versatile Bancamiga Suite app, which allows for mobile purchases. It also includes its nearly 200,000 modern points of sale across the country, which allow users to pay for and recharge telephone and television services, play the lottery, and stamp their 5y6 cards, among other features.

Thus, by shining in this way, Bancamiga managed to record a semiannual increase in its financial income of 354.23 %, a figure that clearly surpassed the 280.48 % of the SBV, and positioned itself among the top four private banks and the top five in the SBV, with a market share of 10.20 % and 6.53 %, respectively.

This performance supports and consolidates Bancamiga as one of the leading institutions in the Venezuelan financial system, with a semiannual increase of 2,345.27 % in bolivars and 964% in dollars, the highest relative growth in the system in both currencies.

With these results, Bancamiga climbs two positions in terms of profitability, ranking eighth nationwide in June 2025. Year-on-year, the cumulative growth was 1,636.96 %. And to highlight its efficiency and operational solidity, it is worth noting that it posted a return on equity (ROE) of 32.38 % and a return on assets (ROA) of 4.53 %.

There is no doubt that in this first half of 2025, Bancamiga reaffirmed its position as a cutting-edge banking institution, a pioneer in products and services, committed to a smarter, more sustainable future, and which, with its financial solutions, seeks to improve the quality of life of Venezuelan society every day.

With information and reference images provided by Bancamiga Banco Universal

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Peru will award 5G technology in the first half of 2025, in accordance with the legislative decree approved on August 14 that allows the allocation of the frequency of this band for mobile telephony and higher.

By next December, they estimate that they will have the amount of valuation of 5G technology, according to the vice minister of communications of Peru, Carla Sosa, who stated that this step “will contribute to closing digital gaps throughout the country.”

Sosa said: “It will not only allow progress in closing infrastructure gaps with 4G but also in the implementation of 5G so that industries and citizens can have higher speed internet to improve productive areas, improve access to health services, medicine and health.”

The Peruvian government is focused on technological advancement, mainly the Internet of Things (IoT), optimization of production processes, “the automation of some production chain, automated vehicles, among others, which will generate new efficiencies in companies.”

Regarding citizens, he stressed that the 5G band is more thought of “in geolocation, the use of remote controls for equipment in the home, among others,” as a way to improve the quality of life of families.

M.Pino

Source: americaeconomia

(Reference image source: Thomas Jensen in Unsplash)

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La entrada 5G technology will be implemented in Peru in the first half of 2025 apareció primero en Bitfinance.