Fina raised seed funding from investors in the United Kingdom, the U.S., Chile and Brazil to expand its platform across Venezuela The Daily Journal.- Venezuelan startup Fina, which focuses on digitalizing small and medium-sized businesses, raised US$1 million in a seed funding round to support its expansion in the domestic market. International funds participating in […]
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The Daily Journal.- Venezuela’s oil production has surpassed 1.23 million barrels per day (bpd), reaching its highest level since February 2019, acting President Delcy Rodríguez reported. “Amid the emergency, our oil production did not stop. Today, it exceeds 1.23 million barrels per day, its highest level since February 2019,” Rodríguez said in an address to […]
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The Daily Journal.- Acting President Delcy Rodríguez said Monday that the gap between Venezuela’s official exchange rate and the parallel market rate fell from nearly 30% to 12.3% over the past two months as a result of the government’s policies. “We are also reducing the exchange rate gap. Over these two months, we have brought […]
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The Daily Journal.- Banco de Venezuela (BDV), the country’s leading financial institution, has launched a digital application process for housing loans aimed at families affected by the June 24 earthquakes as part of the government’s Venezuela Renace Fund program. The program offers financing and government subsidies for home purchases, with terms that vary by property […]
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The Daily Journal.— Venezuela is on track to lead economic activity in Latin America and the Caribbean in 2026, with projected growth of 6.5%, according to the Economic Commission for Latin America and the Caribbean (ECLAC), which unveiled the forecast in its latest annual report. The projected performance of the Venezuelan economy stands out across […]
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Julio A. López, Editor-in-Chief. Víctor Julio Flores Rojas, former president of the Caracas Stock Exchange, argues that Venezuela’s capital market can play a decisive role in financing Special Economic Zones (SEZs), channeling domestic and foreign capital into infrastructure, industry, technology and other productive sectors. —How important can Special Economic Zones be for Venezuela? —Special Economic […]
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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.— Venezuela’s Gross Domestic Product (GDP) grew 7.14% in the second quarter of 2026 compared with the same period a year earlier, the Central Bank of Venezuela (BCV) reported. The country has now recorded 21 consecutive quarters of economic growth. According to the central bank, the result further consolidates the recovery of the […]
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The Daily Journal.— Venezuela continues to record the world’s highest inflation rate in 2026, and according to economist Manuel Sutherland, the expansion of the monetary base represents one of the main factors driving the acceleration in prices. In his latest analysis, Sutherland estimates that Venezuela’s year-on-year inflation reached 576% between July 2025 and July 2026, […]
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The Daily Journal.— The Family Food Basket (CAF) cost $727.89 in July, equivalent to 516,804.22 bolivars, according to Óscar Meza, director of the Documentation and Social Analysis Center of the Venezuelan Federation of Teachers (Cendas-FVM). According to the institution’s monthly report, the price in U.S. dollars fell by 3.77%, or $28.56, compared with June. In […]
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