Economy Archives - Page 16 of 28

Government announces subsidies of up to 80% and mortgage loans for families displaced by earthquakes

July 30, 2026July 30, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela’s Acting President Delcy Rodríguez announced Wednesday a special financing and subsidy program for families who lost their primary homes in the recent twin earthquakes. The initiative combines mortgage loans from public and private banks with direct government subsidies for home purchases. According to the Presidency, the program will allow displaced […]

Conatel begins process to regularize Starlink’s entry into Venezuela

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela’s National Telecommunications Commission (Conatel) announced that it held a working meeting with representatives of SpaceX/Starlink to advance the formalization and regulation of the U.S. company’s satellite internet service in Venezuela. According to a statement published on the agency’s social media accounts, both parties reviewed the technical, legal, and economic aspects […]

Trump confirms U.S. has received more than $13 billion from Venezuela

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. President Donald Trump said the United States has received more than $13 billion from Venezuela since the military operation on January 3, when U.S. forces captured Nicolás Maduro and took control of the country’s political leadership. Speaking to reporters aboard Air Force One, Trump argued that the funds obtained from […]

Venezuela’s creditors expand committee amid expectations of debt restructuring

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

the long-awaited negotiations over what could become the largest sovereign debt restructuring in more than a decade. More than 15 investment funds have joined the Venezuela Creditors Committee since the United States captured former President Nicolás Maduro in early January, according to a person familiar with the matter. The arrival of new investors has strengthened […]

U.S. Treasury eases financial controls on reconstruction-related operations

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

EFE — The U.S. Department of the Treasury announced on Monday a temporary easing of certain financial oversight measures to allow U.S. institutions to facilitate authorized transactions related to Venezuela’s economic recovery and humanitarian assistance following the country’s recent earthquakes. Under the measure, the Treasury said the Financial Crimes Enforcement Network (FinCEN) will not take […]

Indian refineries turn to Venezuelan oil amid Middle East crisis

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]

Crude Oil Hits US$110 on Iran and Ukraine Conflicts

July 25, 2026July 26, 2026Valeria OlivaresLeave a Comment

Audio: https://clyp.it/4ea30czb Julio A. López, Editor-in-Chief.— Physical crude oil prices in the Middle East, Europe, and Africa reached two-month highs this week, with some grades approaching $110 a barrel, as supply disruptions linked to the wars in Iran and Ukraine are forcing buyers to scramble for alternative sources of crude. Brent Breaks Through the $100 Ceiling […]

UNICEF seeks $65.7 million for Venezuela’s humanitarian response

July 25, 2026July 25, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — UNICEF announced on Thursday that it will require $65.7 million over the coming months to respond to the humanitarian impact of Venezuela’s twin earthquakes. The June 24 disaster has claimed at least 5,398 lives, injured 16,740 people, and displaced 17,907, according to official figures. Target population and risks facing children In […]

Delcy Rodríguez meets with IDB executives to advance Venezuela’s economic and social development

July 25, 2026July 25, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez met with a delegation from the Inter-American Development Bank (IDB) in Caracas on Friday, according to the Presidential Press Office. Anabel González, the IDB’s Vice President for Countries and Regional Integration, led the delegation alongside Andre Soares, the institution’s country office chief, and Miguel Coronado, General Manager […]

Reuters: Oil companies have until July 28 to adopt Venezuela’s new legal framework

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

Reuters — Venezuela’s Ministry of Hydrocarbons has informed PDVSA’s partners that it intends to keep the July 28 deadline for migrating oil and gas contracts to the country’s new legal framework. The ministry has urged company executives to complete negotiations before that date, according to four sources. At the end of January, Venezuela’s National Assembly […]