The Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) reported that the cost of the basic food basket for families exceeded 516,000 bolivars in July.
According to the agency's data, the amount represents a 15.8 % increase compared to June, when the…
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Venezuela
Consecomercio warns of power outages impact on national commerce
The National Council of Commerce and Services (Consecomercio) indicated last week that the power outages announced by the Venezuelan government have a direct impact on key sectors of the economy.
The power outages directly affect the…
SENIAT eliminated the RIF renewal requirement
The National Integrated Customs and Tax Administration Service (SENIAT) of Venezuela announced the elimination of the renewal requirement for the Tax Information Registry (RIF), except for specific exceptions.
The measure, formalized…
Venezuelan oil production reaches 1.2 Million barrels per day in July
The Organization of the Petroleum Exporting Countries published a report on Wednesday, August 12, stating that Venezuela's crude oil production reached 1.2 million barrels per day in July.
This figure represents a 1.09 % increase compared…
Central Bank of Venezuela updates banking fees
Through Official Gazette No. 46,427, dated July 31, the Central Bank of Venezuela established the new bank fees, effective immediately for all financial institutions in the country.
The new fees apply to bank transfers, check issuance,…
Caribbean Development Bank to support Venezuela’s recovery
The Caribbean Development Bank (CBD) announced on Monday, August 10, the approval of $1 million in aid for Venezuela's Recovery and Reconstruction Fund following the June 24 earthquakes.
This fund was “established by the Development Bank…
Bancamiga reopens affected branches and strengthens customer support
This effort stems from a clear premise: to ensure that every customer once again receives close, human, and personalized service from their business executives in fully optimized spaces.
From the very beginning of the crisis, Bancamiga's…
Caracas implements reduced working hours
The Caracas mayor's office announced a reduction in working hours, aligning with the energy saving plan announced by acting president Delcy Rodríguez, in order to address the effects of the Super Niño phenomenon.
Workers will report to…
Binance starts rollout of payment card in Venezuela
The Binance crypto platform has begun the gradual rollout of its Binance Card in Venezuela, offering a new payment tool for direct transactions at both physical and online stores.
It was learned that the activation of this new service will…
Venezuela bans export of construction materials
The Venezuelan government prohibited the export of construction materials through Official Gazette No. 43,409. The measure will be in effect until December 31, 2026, according to Decree No. 5,376.
According to the official gazette, the…
Venezuela reduces oil exports to India and Europe
Venezuela reduced its oil exports to India and Europe in June as a result of declining inventories.
In June, oil exports reached 1,163,323 barrels per day, "a decrease compared to the level above 1.2 million barrels per day seen in…
Venezuela +58 Vol. 1: Jagi Strengthens our identity with a new limited rdition of caps
Presented as a limited edition, these caps promote identity from a clean, tactile, and timeless design perspective. They are now available in the following colors: burgundy, cream, black, and navy blue.
Criteria, texture, and roots
The…