Category: Regions

Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.

Despite having one of the world’s richest oil reserves, Venezuela’s economy must still fight to overcome the effects of an overvalued currency and an unstable business environment.

Venezuela’s economy has always risen and fallen with the price of oil. But pressure from President Chávez and a new investment law are creating further challenges.

Venezuela’s financial services industry is remarkably solid and profitable. But bankers are worried about the effect of unemployment, inflation and recession on their institutions.

An interview with Vicente Llatas, executive vice president of CanTV, Venezuela’s biggest telecoms provider.

PDVSA needs to invest more to keep current energy production at its present level. Rising operating and production costs are making the goal more elusive.
by Brian S. McBeth