This Wednesday, April 10, the Caracas Stock Exchange approved the company’s capital increase, through the issuance of 6 million common, nominative, non-convertible bearer shares, which represents 12 % of the total shares. outstanding shares.

These shares must be subscribed by the company’s shareholders, contemplating the possibility of negotiating the subscription rights at the BVC listing board.

At the extraordinary shareholders meeting, the issuance of 500 thousand additional shares, equivalent to 1 % of the shares in circulation, was also approved, which will be allocated to the employee share plan, as a compensation and savings mechanism for the employees of the Caracas Stock Exchange. With this bread of actions we seek to “generate a sense of belonging and set an example to the market about the benefits of this practice for companies, their employees and society in general,” expressed its president Horacio Velutini.

The funds received from this issuance of shares will be used to cover the investments that the company is making, in the renovation of facilities, updating of modules and equipment, website and social networks. In addition, it is planned to invest resources in software, for the incorporation of applications used in portable devices for consulting, quoting and routing orders, in the SIBE Smart, and thus be able to bring the market closer to a generation of young people who use technology in their daily life.

The proposed items on the agenda of the Extraordinary Shareholders’ Meeting of the Caracas Stock Exchange were approved by 99.69% of those attending, represented by 38,278,728 shares.

IBC closed 60,564.84 (+2.72%)

The main index of the Caracas Stock Exchange, the IBC, ended this Wednesday at 60,564.84 points with a variation of 1,604.90 points (+2.72 %), compared to the previous session.

The Diario de la Bolsa reports that the Financial Index ended the day at 111,257.62 points, with an absolute variation of 3,534.98 points (+3.28 %) and the Industrial Index closed at 28,435.27 points (+1.03 %).

At the end of the session, 7 stocks rose in price, 8 fell and 7 remained stable.

There were 114 purchase/sale operations of shares of companies registered on the listing board, in which 447,644 shares were traded for 332,432 bolivars.

In the forward market, 4,892 shares were traded for an amount of 77,976 bolivars.

In the BVC Alternativo, 1 share was traded for 120 bolivars.

In the Other Goods Market, 5 stock market financing certificates were registered for 1 million 732 thousand 518 bolivars.

M.Pino

With information and image from the Caracas Stock Exchange

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Moderate optimism among managers was manifested during the meeting on February 22, held by the Venezuelan-American Chamber of Commerce and Industry. In the live and direct survey, whose results were reported at the end of the day, attendees and participants estimated for this year a growth of the Gross Domestic Product (GDP) of 3.52 %. 83.1 % of the executives surveyed expect a good or regular to good situation for their sectors in 2024. However, they anticipate and assume inflation and a rise in the dollar.

The new president of the Caracas Stock Exchange, Horacio Velutini, participated in one of the panels, and focused his arguments and information on opportunities for companies and the country

At the Eurobuilding Hotel & Suites – Caracas, with excellent participation of speakers and attendees, was held the event Economic Perspectives 2024 convened and organized by VenAmCham. Different exhibitors, who are reference in their areas of expertise, took part in the Program with their vision and opinions.

Economists Ricardo Hausmann and Tamara Herrera intervened via international connection the first, and in person the second. Both referred to and analyzed the Panorama of the Global Economy Vs the Venezuelan Economy for the current year.

One of the scheduled panels that attracted particular attention was that of Bank Credits and Business Opportunities; it was composed by Kathy Di Battista of Xtreme Group as moderator, Jorge Nogueroles of the Banking Association, Arnoldo Gabaldón of Cashea, and Horacio Velutini Sosa, new president of the Caracas Stock Exchange and member of the board of directors of the National Investment Promotion Council.

For Velutini, the potential of Venezuela is immense, so he invited to communicate and share positively this great, as well as present, opportunity

The large public participation brought together entrepreneurs, managers, business leaders and various professionals. The Venemergencia Group in the person of its partner and co-founder, Andrés Simón Gonzalez-Silén, as well as Cashea and its Chief Financial Officer Arnoldo Gabaldón, were active in multiple conversations and informative contacts with the attendees of the event.

Video

Joint coverage by Bitfinance.News and Doblellave.com

Photos and video: Jesús Ramírez

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On Wednesday, January 24, 2024, elections were held for the new board of directors of the Bolsa de Valores de Caracas (BVC in Spanish), in a journey that marked a milestone in the history of the institution.

With a total of 31,000,000 shares in his favor, Horacio Velutini established himself as the new president of the BVC, defeating his opponent José Tomás Carrillo Batalla.

Velutini, a successful and respected entrepreneur in the financial sector, proposed an innovative and technological vision for the BVC, breaking with the tradition of stable and conservative leadership. His victory opens the door to radical changes in the direction of the BVC, which seeks to be part of the economic recovery of the country.

“What needs to be highlighted is the unity of all, the participation. The fact that this call was full of shareholders and interested people shows that there is interest in the stock market as such. The BVC has to grow the market: that’s the essence” said Velutini.

Investors and members of the Caracas Stock Exchange gathered early in an atmosphere of expectation and excitement, witnessing a historic event for the Venezuelan stock market.

K. Tovar

With information from the Bolsa de Valores de Caracas, national media and social networks

(Reference image source: File and X, @contrapuntovzla)

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The businessman Horacio Velutini recently reported that the real estate market had a rebound of 1,400 % thanks to rentals, being a great contrast between the figures presented in 2018. Although, he warns that the reactivation process is not enough.

«Rents in the commerce sector went, in the «high end» segment, to give an example, from an average of 1 dollar per square meter to 15 dollars per square meter at the end of 2022. That is, a growth of 1,400 %. To reach that average, contracts were signed at 20 and 25 dollars per square meter,” the businessman clarified.

According to Velutini, there is an interesting issue with the real estate market, which has shown signs of recovery in line with the weak economic recovery.

«For me, that market hit a floor in 2019, when it reached its lowest historical point, when it fell to amounts only comparable to 1994, when the banking crisis occurred and 1983 with the ‘Black Friday’ crisis and the end of the first boom. Venezuelan oil tanker,” he said.

In Velutini’s opinion, it will be the retail and housing segments that will lead a possibly more sustained recovery of the real estate business in 2023 and subsequent years.

#21DIC El mercado inmobiliario ha crecido 1.400 % desde 2018 y es un negocio en alza, dijo el empresario Horacio Velutini, quien insistió que ha sido contundente. #ElInformadorVenezuela

Más detalles AQUÍ👇https://t.co/RakhLxuc7S

— El Informador Venezuela 🌎 (@ElInformadorVE) December 21, 2022

Source: doblellave

(Photo: nocnok.com, via web)

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In an interview published by Finanzas Digital and with an optimistic message and full of confidence in a progressive economic recovery for Venezuela, Horacio Velutini, director of the National Council for Investment Promotion (Conapri), presented his vision of the Venezuelan financial environment, the challenges of the institution he represents and his vision for the coming year.

A long career in the real estate business, finance and the capital market, have also allowed him to preside over the National Chamber of Issuers of Venezuela (Caneval), so his conviction goes hand in hand with good investment strategies.

Management balance

From 2005 to 2018, Conapri, like other institutions in the country, has gone through a transformation process, after a period of vicissitudes in the national economic sphere. “In 2018, they began to interact with the high government in the financial area to propose a vision of support in terms of investments in the country,” he explains.

In Velutini’s opinion, a country needs to have a robust and dynamic stock market, and when comparing the Venezuelan market with the Colombian one, he affirms that the former fell to 1 % compared to the neighboring country. “Venezuela’s stock market was bigger than Colombia’s in the 1990s, so our country can grow 10,000 % just to equalize, the potential is immense,” he says.

In this sense, he considers that the public sector should be incorporated into the stock market and celebrates the recent placement of CANTV shares. “I am sure that if the Executive continues with the process of incorporating public companies into the stock market and especially those in the energy area and strategic associations, the stock market would be the most dynamic in Latin America,” he highlights.

Exchange rate control

Regarding the measures that he recommends to manage the current economic situation, Velutini considers it complex to move forward in this matter given the sanctions imposed on the Central Bank of Venezuela, and the impossibility of access to foreign financing to develop its monetary policy.

“The stabilization of the exchange rate is the most important equation at the moment, and despite the few tools that the Executive has, I believe that it has done the best possible and in the past what stands out most about the rentier model was trying to control the exchange rate that has proven to be a historical error”, he explains. The free fluctuation of the exchange rate is key to building confidence.

Most of the businessmen who remain in Venezuela seek capital via loan or capital to meet their growth plans, and according to Velutini, there is the opportunity for banks and national and foreign investors, which is why he believes that important opportunities are opening up. “2022 closes a little better than 2021 and much better than 2018, some have wanted to compare it with 2012, but the correct thing is to establish a comparison with the last three years and project for 2023-24”, he specifies.

Given this assessment, the businessman assures that in 2023 many investments will come to the country, in addition to considering the recent arrival of venture capital. “The most important economic factor that the government must maintain is the free exchange rate and let the market itself adjust prices,” he highlights.

Investment environment

With an eye on the coming year, Velutini points out that the Conapri plans to help generate an investment environment that, in his opinion, to this day seems to be what the National Executive intends to develop under the emblem “post-oil economy”. .

“We have an agenda of aid and proposals that we are planning in the stock market, where we have made some recommendations for a law for the sector, proposed by the National Securities Superintendence (Sunaval), which we hope will be included in next year’s agenda,” he reasons, while highlighting the large number of companies in the national market that support improving the investment environment.

“Conapri’s objective is to help in the investment environment and to do so in an interaction with the financial area of ​​the high government in constant dialogue.” Based on this premise, the lawyer also values ​​2023 as positive in various areas, such as the decision to free the exchange rate in 2019, the opening of commercial relations with Colombia and the granting of the license to Chevron to resume the oil production in the country.

Likewise, he comments that “the phones are ringing off the hook for businessmen, curiosity has awakened in the world. What is happening in Venezuela? I don’t want to be left out, we have an opportunity to attract investment that we must take advantage of.”

Finally, the businessman considers the country as a great investment opportunity, without disregarding the realities of an impoverished country with many needs, but with immense resources. “I think that Venezuela is a great opportunity, first for Venezuelans, then for Latin Americans and then for the world, the energy issue will always be the one that will mark the big capitals, however, what has happened in the country on the issue agro-industrial is something instructive about what it means to take advantage of the situation”, he concludes.

BitFinance.News

Source: Conapri / Taken and with information from Finanzas Digital – Written by Juan Carlos Pérez

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The Venezuelan Chamber of Shopping and Related Centers (CAVECECO) celebrates its 25 years of work and existence, with the congress “Towards a 5-star union”, to be held this Tuesday 22, in La Esmeralda, Campo Alegre, Caracas, from 8:00 in the morning until 5:00 in the afternoon.

The event entitled “Towards a 5-star union” will bring together distinguished speakers who “will analyze strategies, new trends and competitions in the various scenarios that exist in a shopping center.”

During this CAVECECO congress there will be talks by national and international speakers, focused on economic, managerial, social issues and new trends. Sofía Saavedra, Elías Sayegh, Luis Albertro Rodriguez, Diego del Río, Aquiles García, Antonio Sampayo, Garam Mattar “Gammo”, Luis Vicente León, Tito Gutiérrez and Miguel Zambrano will participate.

The moderators of the event “Towards a 5-star union” will be Alfredo Cohen; Horacio Velutini and Emilio Conde.

The Congress will be the occasion for the participants to establish business relationships and, in addition, strengthen union interaction in a pleasant and proactive atmosphere.

M.Pino

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With information from national media and social networks

La entrada Congress for the 25 years of CAVECECO apareció primero en Bitfinance.

These works of transformation of spaces, product of the joint effort of the Alcaldía y el Pueblo de El Hatillo in public-private alliance with the Fondo de Valores Inmobiliarios (FVI) and Paseo El Hatillo, benefit the inhabitants and visitors of the place, according to what was expressed by the neighbors and merchants themselves, who consider that they will bring progress, citizen well-being, economic and commercial development, as well as the strengthening of culture and traditions.

The mayor of El Hatillo, Elías Sayegh, led the act and opening ceremony, last Friday, October 07, highlighting that it is the materialization or realization of an aspiration of the citizens of El Hatillo based on healthy family recreation.

More than 4 thousand square meters are now the stage where visitors and neighbors have spaces and infrastructures, which will mark a milestone in cultural and tourist matters, and which will become the axis for the economic and social impulse of the municipality.

The tourist potential of El Hatillo is now strengthened to provide more security and comfort as well as better areas for enjoyment

“The comprehensive development of El Hatillo is a priority, and that is why we focus on working to make each of the goals we set for ourselves possible. This grand opening, promoted by the Alcaldía de El Hatillo in a strategic agreement with the Centro Comercial Paseo El Hatillo and its commercial allies, represents a meeting point for the positive relationship of Venezuelans and consolidates the municipality as the tourist and cultural icon that it is. from Caracas,” said Sayegh.

Thanks to the sum of wills, this is an experience that is well worth making known and replicating

For his part, businessman Horacio Velutini, CEO of the Fondo de Valores Inmobiliarios (FVI), commented that “the inauguration of the Boulevard, a work that began last April, included the intervention of Plaza Sucre, Calle Comercio and the Bella Vista Street, to interconnect all the tourist systems of El Hatillo, through various cultural, recreational, religious and gastronomic areas. The construction was carried out respecting the indications made by the Conservation Board of the Historic-Cultural Heritage of El Hatillo.

The mayor stressed that “we are and continue to build the Possible Venezuela. We are proud to be part of this urban project that is already a reality.”

The Buffalo of Prosperity, his positive energy is contagious

In addition to this, Elías Sayegh stressed that the “Buffalo of Prosperity” is part of this great work and that prosperity is what we want for Venezuela. “The geometric sculpture, by the renowned Venezuelan sculptor Miguel Prypchan, symbolizes the desire to excel that all Venezuelans have. I invite you to touch him and take a photo with him, as his positive energy is contagious and that is exactly what we need.”

To conclude, the mayor affirmed that “the mirror of the Possible Venezuela has been one of the premises of his management and that, thanks to the design of public policies and public-private alliance schemes, different great works for development have been consolidated. of the municipality, the enjoyment and healthy recreation of both Hatillanos and visitors. I invite you to visit us, I invite you to invest, this municipality welcomes you with open arms.”

Video

Here we leave you the audiovisual coverage of the event carried out jointly with El Sumario, which we invite you to listen and watch.

La entrada Economic and social boost for El Hatillo: Bulevar Sucre inaugurated apareció primero en Bitfinance.

Work begins on the Bulevar Sucre in El Hatillo

From the safest municipality in Caracas, as it exhibits benign and encouraging statistics, this April 4, 2022, the Mayor’s Office and the Town of El Hatillo contributed a positive note by signing the public-private partnership agreement with the Fondo de Valores Inmobiliarios (FVI), which started Bulevar Sucre; a long-awaited work that will benefit the inhabitants and visitors of this place with enormous tourist potential, in which the municipal or local administration has the purpose of providing even more security and comfort for enjoyment.

The urban project, of four thousand six hundred square meters of construction, will connect the southern area with the northern area, where Plaza Bolívar is located.

“Today we are here to vindicate the residents and merchants of the southern side of our Town, an area that had been neglected for years and now, with the construction of Bulevar Sucre, we are going to dignify it. It is a project that has been presented to those who make life in this sector, it has been explained to them and everyone is happy and waiting for when they will be able to use it,” emphasized Elías Sayegh, Mayor of El Hatillo.

Thanks to the project that the FVI will develop – more than an ally, one more Hatillan – it will be possible to interconnect all the tourist systems of the Town of El Hatillo, that is, the cultural, recreational, religious and gastronomic areas, among others

Mayor Elías Sayegh pointed out

The works that begin in the next few days and that include the intervention of Plaza Sucre, Calle Comercio and Calle Bella Vista, among others, will bring great benefits to residents, visitors, merchants and entrepreneurs. “Bulevar Sucre comes to create, I insist, many benefits and progress for El Hatillo, since we will transform a gray area full of problems into a space for enjoyment and progress, precisely; it is an initiative that makes a win-win strategy possible for everyone”, Sayegh stressed.

This work covers the area that separates the Centro Comercial Paseo El Hatillo from Plaza Bolívar, and will have spaces full of green areas and walkways for the enjoyment of residents and visitors

The CEO of the FVI Horacio Velutini pointed out

The project described is added to other recent works by Mayor Sayegh, such as the Progreso Boulevard, which benefits all the people who transit from the Passenger Terminal, or go down from the El Calvario area to the Town. There is also the recently inaugurated Calle Bolívar Norte, which is now a wider road, and which offers greater security to passers-by when they walk through the area.

The construction of Bulevar Sucre will be carried out respecting each one of the indications made by the Board of Conservation of the Historical and Cultural Heritage of El Hatillo, which implies that it will be done with the same materials existing in the Town, in balance and harmony, without clashing

Both spokesmen explained

The architect Ana Valenzuela, from the Bastidas & Salinas architecture office, made a preliminary presentation of the project to the attendees.

Horacio Velutini, CEO of the Fondo de Valores Inmobiliarios, which runs the centro comercial Paseo El Hatillo, highlighted the great multidimensional potential of the place, recalling that the main parking lot of the Town, with 1,500 stalls and payment facilities, even without lowering the windows of the car, thanks to Pago Directo application, becomes that of the shopping center, thus decongesting the streets and improving the enjoyment experience of pedestrians. To this end, Bancamiga’s technological innovation adds value.

He also said that what is happening there, regarding life in agreements, is a good example for other places, in Venezuela a new vibe is perceived “the emotions that are experienced today are different and positive.”

The event was attended by neighbors, entrepreneurs and merchants, who took the floor briefly to greet and celebrate the start of the work.

Photos and images of the project can be seen on the Mayor’s Twitter account: @EliasSayegh / #BulevarSucreElHatillo.

More details of the act can be seen in this video

Taken and with information from Doble Llave

Audiovisual production: Jesús Ramírez and Greisy Ramírez

La entrada In El Hatillo there is a confluence of efforts to benefit people and tourism apareció primero en Bitfinance.

Bancamiga Banco Universal joins the purpose of beautifying public spaces, by participating in the Bulevar Sucre project, which the Mayor’s Office of El Hatillo is carrying out hand in hand with the Fondo de Valores Inmobiliarios and the private company.

The initiative seeks to promote the town and the municipality as a tourist destination. For this, the Centro Comercial Paseo El Hatillo will be integrated with Plaza Sucre and the town in general, improving urban planning based on Hatillans and visitors, which will undoubtedly promote the boom in commerce and the local economy. The architectural proposal combines more green areas, pedestrian routes and converts the parking lot of the shopping center into the main parking lot for Hatillans and visitors.

During the afternoon of this Monday, the mayor of El Hatillo, Elías Sayegh, and the CEO of the Fondo de Valores Inmobiliarios, Horacio Velutini, presented the project to the community, signed an agreement and gave the start of the work, in an event that was attended by the executive president of Bancamiga, Ariel José Martínez.

Tourist jewel for all of Caracas and recognition of the technological innovation of Bancamiga

“El Hatillo will be a tourist jewel for all of Caracas. We are starting this project in public-private partnership to turn the place into a first world space. There will be more than 3,000 meters for the enjoyment of citizens, a space for coexistence and enjoyment. The Real Estate Securities Fund, Bancamiga, Pago Directo and the Mayor’s Office of El Hatillo have rowed in the same direction, with common goals. When this is done, capacities are enhanced and everything goes well”, said Sayegh.

For his part, Velutini pointed out that the project shows the union between the town, the municipality, the shopping center, the merchants or entrepreneurs and the parking lot, to integrate in such a way that people can enjoy themselves, especially because “in El Hatillo we have very cool alliances such as Pago Directo and Bancamiga, which bring with them technology, modernity and the new vibes that are coming and are being experienced in Venezuela.”

With information from Bancamiga

La entrada Bancamiga promotes the renovation of public spaces in El Hatillo apareció primero en Bitfinance.

This Monday, April 4, the municipality and town of El Hatillo will give a positive note for the signing of the agreement and the start of Bulevar Sucre, a space that will mark a before and after, in terms of the enjoyment of the people of Caracas in this attractive and valuable tourist enclave of Greater Caracas, as well as regarding the commercial development and economic progress of the area, in alliance with Paseo El Hatillo La Lagunita.

The act or citizen event, scheduled for 5:00 p.m, will be attended by Mayor Elias Sayegh, the first municipal authority, and the CEO of the Fondo de Valores Inmobiliarios, Horacio Velutini.

The specific place will be the external area of ​​the mall, Portal El Hatillo. You can park easily in the large parking lot of the shopping center and pay without complications with @PagoDirecto.

What is Bulevar Sucre? Bulevar Sucre is an urban project that is located in the heart of Pueblo El Hatillo. It is a public-private alliance for the promotion of commercial development and entrepreneurship in El Hatillo, in synergy and a win-win initiative (Juego de Ganadores) for the benefit of El Hatillo inhabitants, visitors, merchants and entrepreneurs, which will promote commercial and tourist activity. Generating taxes that may be used by the Municipality of El Hatillo to improve infrastructure, services, and citizen security; emerging as a benchmark or example of the possible Venezuela that we all aspire to. The Bulevar Sucre in the town of El Hatillo is a project of all and for all, promoted by the Mayor’s Office of Hatillo and the FVI – Fondo de Valores Inmobiliarios – that begins this Monday, April 4 at 5:00 p.m.

The FVI shopping centers are one of the best places to undertake and establish businesses in Venezuela, since their support and experience -in this class or category of management- is a guarantee of optimal support, services, other added values ​​and, above all, opportunities

Tourism and citizen project, with a positive economic effect

This initiative arises from the interest of contributing, adding the capabilities and private effort to that of the municipal government, to strengthen and optimize El Hatillo as a prominent and well-conditioned tourist destination. Paseo El Hatillo will be integrated through a boulevard – in a harmonic way – with the attractive and welcoming town of El Hatillo.

The proposal promoted by the Paseo El Hatillo shopping center and the Fondo de Valores Inmobiliarios (FVI) together with the Mayor’s Office, seeks to improve urban spaces and their use for the benefit of Hatillans and visitors, with a view to the quality of life of all for greater enjoyment, as well as the activation and orderly impulse of commerce and the economy.

Horacio Velutini, advanced and clarified together with Mayor Sayegh a few months ago, that the spaces to be created are for the benefit of the passerby, we are not adding square meters to ours, «it is something that we are donating to the municipality, and that solves the problem of the saturation and overflow of vehicles in the streets, since the Paseo El Hatillo parking lot becomes the main parking lot for tourists and visitors.

Source: DobleLlave

La entrada Tourism and economic promotion: Bulevar Sucre to start in El Hatillo apareció primero en Bitfinance.