Rafael Hernández, president of Asocauchos, indicated last week that they expect the sector to reach 70 % of its production thanks to the support of the national government, the reactivation of plants, and foreign investment.
According to Hernández, “this year, this sector is projected to reach 70 %…
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Venezuela
The Hyundai Creta is now on sale in Venezuela: a compact SUV for everyday life and big plans
Just a few hours ago, Hyundai Venezuela unveiled the Creta, its new compact SUV, which perfectly complements the category or segment occupied by larger and iconic SUVs like the Tucson and Palisade, while also meeting the needs and…
Conindustria estimates growth exceeding 12 % in Venezuela
The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country's growth this year could exceed 12 % despite certain obstacles that are slowing the economy's momentum.
The organization referred to the…
Jagi Caps and Cashea have launched an alliance for a payment plan
Jagi Caps, the leading brand of caps and urban style accessories, announced that its customers can now purchase their favorite products in interest-free installments through Cashea.
This partnership reinforces Jagi's commitment to offering…
Venezuelan crude oil sales to exceed $10 billion annually
U.S. Energy Secretary Chris Wright indicated this Tuesday that annual sales of Venezuelan crude oil will exceed $10 billion.
These revenues would be key to the country's reconstruction, the U.S. official emphasized, adding: “So far we have…
Venezuela’s interim government announced new cabinet changes
Venezuela's interim president, Delcy Rodríguez, formalized this week cabinet changes that were approved last month and so far in February. In this regard, Juan Francisco Escalona Camargo has been appointed as Director General of the…
Venezuela and the United States strengthen a long-term productive partnership
Last week, key meetings took place between U.S. Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez, as well as PDVSA President Héctor Obregón Pérez and Venezuela's diplomatic representative to the U.S. Félix…
Venezuelan banking system is a key platform for cryptocurrencies
Although cryptocurrency adoption in Venezuela has declined in the last year, it continues to grow thanks to the opening of the national banking system to the purchase and sale of these assets, consolidating its position as the key channel…
US authorizes supply of technology and software for oil production in Venezuela
The US Treasury Department announced on Tuesday, February 10, the issuance of the new General License 44A, which authorizes “the supply, export, and re-export of technology, software, equipment, and services necessary for the exploration,…
Russia to continue supporting Venezuela
Despite current tensions following US actions in Venezuela, Russia's representative to the United Nations, Vasily Nebenzia, indicated on Thursday, February 5, that they will continue to strengthen relations with the South American country.…
Shell estimates multi-billion dollar investment in Venezuelan natural gas
The energy company Shell is evaluating a multi-billion dollar investment in Venezuela's offshore natural gas sector, according to the company's CEO, Wael Sawan.
This is an opportunity that could materialize in the coming months, according…
Banks will be closed on Monday, February 16th and Tuesday, February 17th for the Carnival holiday
Bank branches will be closed nationwide on Monday, February 16th and Tuesday, February 17th due to the Carnival holiday in Venezuela, as reflected in the calendar of the Superintendency of Banking Sector Institutions (Sudeban).
As is…