Economy

Venezuela launches its own version of Bitcoin – but it presents more questions than answers
Posted by Mathew Di Salvo on Dec 12, 2017 Leave a comment

Venezuela launches its own version of Bitcoin – but it presents more questions than answers

Venezuela’s president has announced the launch of a new cryptocurrency in a bid to save the economy – an idea which is being criticised by the opposition and experts.

President Pedro Pablo Kuczynski Faces Criticism from Business Leaders as Economic Growth Stagnates
Posted by Kwinten Wouters on Dec 6, 2017 Leave a comment

President Pedro Pablo Kuczynski Faces Criticism from Business Leaders as Economic Growth Stagnates

On Cade Ejecutivos, Peru’s best-known business forum, a survey by Ipsos Peru showed a growing disapproval for president Kuczynski. Where last year at the same event he was still supported  Full Article »

Peruvian Farmer Sues German Energy Giant over Environmental Damage
Posted by Kwinten Wouters on Dec 5, 2017 Leave a comment

Peruvian Farmer Sues German Energy Giant over Environmental Damage

In what is shaping to be a David and Goliath legal showdown, a court in Hamm, a city in the north-west of Germany, has declared that Saul Luciano Lliuya’s claim  Full Article »

Peru and Australia sign free trade pact at APEC Summit
Posted by Peter Andringa on Nov 10, 2017 Leave a comment

Peru and Australia sign free trade pact at APEC Summit

Peru and Australia signed a free trade pact today that does away with 99% of tariffs on imported goods from Australia, securing Peruvian exporters greater access to Australian markets.

Europe is looking at Peru for investment opportunities
Posted by Jess Rapp on Oct 31, 2017 Leave a comment

Europe is looking at Peru for investment opportunities

A major Spanish business group believes Peru is on track to be the next foreign investment hub in South America. 

Medical marijuana is now legal in Peru
Posted by Nic Waddell on Oct 20, 2017 1 comment

Medical marijuana is now legal in Peru

Late Thursday night, Peru’s Congress passed the bill to legalize medical marijuana in a vote 68 – 5. 

Peruvian Airlines and LC Peru team up with Copa Airlines
Posted by Daniel Sanchez on Oct 5, 2017 Leave a comment

Peruvian Airlines and LC Peru team up with Copa Airlines

Copa Airlines has signed a codeshare agreement with Peruvian Airlines and LC Peru to offer lower fares and better domestic connections for international flights.

Natural gas production comes to off-the-grid regions
Posted by Daniel Sanchez on Oct 4, 2017 2 comments

Natural gas production comes to off-the-grid regions

Peru’s first small-scale liquefied natural gas (ssLNG) facility is about to open, which will provide a new energy production alternative that could revitalize industry in remote areas of the country.

Peru becomes leading copper mining country
Posted by Daniel Sanchez on Sep 28, 2017 Leave a comment

Peru becomes leading copper mining country

Peru plans to maximize its raw copper output to three million tonnes by 2021, as it has the nation has become China’s number one supplier for the precious metal. In  Full Article »

Real estate data reveals best districts to buy property in Lima
Posted by Daniel Sanchez on Sep 28, 2017 Leave a comment

Real estate data reveals best districts to buy property in Lima

Reports from real state companies have revealed in-depth information on the current state of the Lima housing market in 2017. The National Association of Real Estate Companies of Peru (ASEI)  Full Article »