Only 25% of businesses in La Guaira remain standing after the earthquakes

The Daily Journal — The recent earthquakes dealt a devastating blow to the productive sector in La Guaira. Of the 7,000 businesses that operated across the state before the disaster, only 1,752 establishments—or 25%—remain standing, according to preliminary results from the first phase of the commercial census presented by Governor José Alejandro Terán. During a […]

Continue Reading

Private banks waive point-of-sale transaction fees for 90 days in La Guaira

The Daily Journal. — Three weeks after the earthquakes that struck north-central Venezuela, the Venezuelan Banking Association (Asobanca) announced financial relief measures for businesses in La Guaira state. The banking association reported that about 40% of the 12,300 point-of-sale terminals operated by private banks in the state are currently processing commercial transactions. According to Asobanca, […]

Continue Reading