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 market is showing signs of recovery and commercial dynamism in 2026, evidenced by the sustained sale of thousands of units and the addition of nearly 40 new vehicle brands that diversify the offerings for the Venezuelan people.

The industry leader shared this data during his participation in a radio program, where he emphasized the local commitment to achieving the stated goal by integrating the country’s talent and productive capacity.

The sales growth represents a strategic opportunity to “simultaneously strengthen assembly plants and the national parts and components industry, ensuring that commercial expansion becomes a lasting boost for Venezuela’s industrial fabric.”

During the first quarter of the year, the Venezuelan Automotive Chamber (Cavenez) reported the sale of 11,236 new cars, representing a 74.3 % increase compared to the same period in 2025.

Bautista highlighted the joint efforts of the public and private sectors to chart a course. “A path to prosperity and productive job creation,” where the automotive sector, technical working groups with the Ministry of Industries and National Production, and the Ministry of Economy, Finance, and Foreign Trade converge.

The goal is to implement policies that will “integrate local industry into supply chains, consolidating a harmonious balance that fosters economic growth and elevates Venezuelan-made manufacturing.”

M.Pino

Source: ultimasnoticas

(Reference image source: Dextar Studio on Unsplash)

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Recent data from the Argentine Ministry of Economy indicate that in February the primary fiscal surplus grew by 20.5 % compared to the same period in 2025.

However, this also showed a 54.8 % drop compared to the surplus recorded last January.

The report indicates that in February the country had “a financial surplus (including debt service payments) of 144.421 billion pesos, a year-on-year decrease of 53.5 %.

This figure also marks a drastic decline compared to the financial surplus of 1.1 trillion pesos in January.”

Total revenues grew 21.2 % year-on-year and primary expenditures 21.3 %. Furthermore, debt interest payments totaled 1.26 trillion pesos.

“According to the 2026 Budget prepared by the Javier Milei administration, Argentina expects to close this year with a primary surplus equivalent to 1.5 % of GDP and a positive financial balance equivalent to 0.3 % of GDP,” the local entity stated.

M.Pino

Source: swissinfo

(Reference image source: Paul on Unsplash)

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La entrada Argentina recorded a primary fiscal surplus of 20.5 % in February apareció primero en Bitfinance.