The Daily Journal.— Venezuela’s acting President Delcy Rodríguez said Thursday that increases in workers’ compensation should outpace gross domestic product (GDP) growth starting in 2027, a directive she said she gave to the government’s economic team. “I have asked the economic team to ensure that, starting next year, any increase in workers’ compensation remains above […]
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The Daily Journal.— Venezuela’s non-oil tax revenue increased 22.6% so far in 2026, acting President Delcy Rodríguez said Thursday during the opening of the 82nd Annual Assembly of Fedecámaras in Caracas. Rodríguez announced during a meeting with business sector representatives that her administration plans to pursue a tax reform aimed at harmonizing the country’s tax […]
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The average salary of an industrial worker in Venezuela covers barely 41% of the cost of the basic food basket, highlighting a deep gap between income and the cost of living. Even at large companies, where monthly income reaches US$455, workers earn only enough to cover 63% of what a family of five needs. The […]
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The Daily Journal.- Power outages became the second-largest constraint on domestic production during the second quarter of 2026, according to an assessment of the manufacturing sector’s performance presented by the Venezuelan Confederation of Industrialists (Conindustria). Between April and June, companies reported an average of 214 hours without electricity out of a total of 488 working […]
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The Daily Journal.- Venezuela’s private industrial sector recorded 8.1% year-over-year growth in production volume during the first half of 2026, driven by gains of 9.9% in the first quarter and 6.5% in the second quarter, the Venezuelan Confederation of Industrialists (Conindustria) reported as it presented its Industrial Economic Survey for the second quarter of 2026 […]
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The Daily Journal – The debate over restoring purchasing power in Venezuela often becomes trapped in a recurring dogma: the premise that any wage increase inevitably leads to an inflationary spiral or the collapse of the productive apparatus. Neoclassical orthodoxy argues that the State or the private sector does not “have the money” to pay […]
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The Daily Journal.- The two earthquakes that struck on June 24 caused an estimated $6.7 billion in direct damage, according to the United Nations Development Program (UNDP), which warns that the main economic indicators do not fully capture the scale of the losses to assets and property. The estimate appears in the report Venezuela’s Macroeconomic […]
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The Daily Journal. — The Venezuelan-American Chamber of Commerce and Industry (VenAmCham) and the United Nations Development Program (UNDP) signed a Memorandum of Understanding to strengthen institutional cooperation, encourage responsible investment, and expand private-sector participation in economic and social development initiatives across Venezuela. The agreement establishes a collaborative framework to connect VenAmCham’s member companies with […]
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The Daily Journal. — Fedecámaras President Felipe Capozzolo stressed the importance of strengthening the production chains of the construction, apparel, and textile sectors to accelerate the rapid reintegration of everyone affected by the twin earthquakes that struck Venezuela on June 24. Capozzolo emphasized the need to guarantee housing and employment so people affected by the […]
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