Economy Archives - Page 3 of 5

Venezuela Expands Private-Sector Space in the Oil Sector

July 10, 2026July 10, 2026Valeria OlivaresLeave a Comment

Audio summary of the news article: https://clyp.it/l3hja4yp PDF of the Regulations of the Organic Hydrocarbons Law: https://drive.google.com/file/d/1j6NvstM1su_GMrxLxW82bveTjvVBdm1X/view?usp=sharing Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, […]

The oil sector expanded by more than 9% in the second quarter

July 7, 2026July 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez announced that Venezuela’s oil sector expanded by more than 9% during the second quarter of the year. She added that the industry also posted year-over-year growth exceeding 10% compared with the same period in 2025. “The hydrocarbons sector remains active and continues to recover. During this second […]

Government announces emergency mortgage program with subsidies of up to 80%

July 7, 2026July 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez announced the launch of an emergency mortgage program as part of a broader package of economic measures to address the aftermath of the June 24 earthquakes. The program will provide subsidies covering up to 80% of eligible financing. Rodríguez said the government will implement the initiative in […]

Government to provide financial assistance to earthquake victims for six months

July 7, 2026July 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez announced the launch of a direct financial assistance program for families directly affected by the June 24 earthquakes. “We have also decided to launch the financing program immediately, providing monthly assistance over the next six months to ensure a steady source of emergency income for those most […]

Consecomercio proposes reconstruction law and relief plan for earthquake victims

July 4, 2026July 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Consecomercio has presented a legislative proposal to support Venezuela’s reconstruction following the earthquakes that affected several regions of the country. The proposal also calls for financial mechanisms and coordinated action between the public and private sectors to address the emergency. In a statement, the business association said it submitted the draft Law […]

Venezuela creates initial $200 million reconstruction fund following the earthquakes

July 4, 2026July 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuela’s acting president, Delcy Rodríguez, announced Thursday the creation of an initial fund worth $200 million to finance the reconstruction of areas affected by the June 24 earthquakes. She said the government expects to recover those resources through the International Monetary Fund. During a press conference with international media, Rodríguez explained that […]

IDB donates $1 million for humanitarian assistance in Venezuela

July 2, 2026July 2, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. The Inter-American Development Bank Group (IDB Group) announced on Thursday a financial aid package of at least $1 million to support emergency operations in Venezuela after the powerful twin earthquakes that caused extensive damage along the country’s central coastline and in Caracas. The bank will provide the funding through non-reimbursable emergency technical […]

Economic reality is another earthquake: Venezuela’s reconstruction requires coordination, not a state monopoly

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

The Daily Journal — Economist Asdrúbal Oliveros has brought a sobering reality to the forefront, one that forces the country to look beyond the physical destruction and the undeniable human tragedy. The recent earthquake has carved a deep crack into Venezuela’s already fragile financial structure. According to the analyst’s preliminary estimates, the material losses are […]

Editorial: When Will Jobs Arrive in Venezuela?

June 5, 2026June 5, 2026Samuel YepezLeave a Comment

By Julio A. López, Editor-in-Chief. Listen to the editorial audio here: https://clyp.it/snhxobjg Caracas, June 5, 2026 — One of the questions I hear most often on the streets, in business meetings, and in conversations with friends sounds simple, yet carries enormous importance: When will Venezuelans begin to see job creation and economic recovery? The honest answer […]

JPMorgan and Jefferies Organize Trips to Caracas Amid Growing International Investor Interest, According to Bloomberg

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

Bloomberg — JPMorgan Chase & Co. and Jefferies Financial Group Inc. are organizing trips to Caracas as investor demand grows for firsthand insight into Venezuela’s efforts to revive its oil-rich economy and restructure its debt after years of isolation. Executives from Jefferies traveled to the South American country this week and are considering another visit […]