Economy

Peru anchovy catch to increase 30% in 2015
Posted by Colin Post on Mar 9, 2015 Leave a comment

Peru anchovy catch to increase 30% in 2015

After anchovy production fell 2.2 million tons last year, Peru’s commercial fishing industry is expected to increase its annual catch by at least 30 percent in 2015. In 2014, the  Full Article »

Coca-Cola discontinues La Moradita after five months
Posted by Colin Post on Mar 7, 2015 Leave a comment

Coca-Cola discontinues La Moradita after five months

Inca Kola announced yesterday that it will discontinue La Moradita, the unsuccessful soda introduced last year. Corporacion Lindley CEO, Jorge Borda, has declared that his company will discontinue production of  Full Article »

Peru leads Latin America in foreign direct investment: IMF
Posted by Colin Post on Mar 6, 2015 Leave a comment

Peru leads Latin America in foreign direct investment: IMF

The IMF released a report showing Peru leads the region in foreign direct investment as a percentage of GDP. The report, commissioned by the PricewaterhouseCoopers office in Lima, showed foreign  Full Article »

Peru improves mining investment environment: Report
Posted by Colin Post on Feb 26, 2015 Leave a comment

Peru improves mining investment environment: Report

Peru is one of the world’s more attractive destinations for mining investment according to a recent industry report. The Fraser Institute’s annual survey of mining industry professionals’ opinions of business  Full Article »

Protesters occupy Pluspetrol airfield in northern Peru
Posted by Colin Post on Feb 24, 2015 Leave a comment

Protesters occupy Pluspetrol airfield in northern Peru

Over 100 protesters have blocked a Pluspetrol airfield in the Loreto department since Saturday night.

Experts disagree on Peru’s real estate prices in 2015
Posted by Colin Post on Feb 22, 2015 Leave a comment

Experts disagree on Peru’s real estate prices in 2015

Peru’s real estate association has stated that home prices will maintain current levels in 2015, despite some economists saying high prices have slowed sales. Speaking on RPP, Real Estate Association of  Full Article »

Family tourism in Peru grew 7% in 2014
Posted by Colin Post on Feb 21, 2015 Leave a comment

Family tourism in Peru grew 7% in 2014

Family tourism in Peru grew 7 percent in 2014, the country’s government said in a special report on the family segment. The Exterior Commerce and Tourism Ministry (MINCETUR) and its tourism division, PromPeru,  Full Article »

Peru GDP to grow 4 to 4.5 percent in 2015
Posted by Colin Post on Feb 20, 2015 Leave a comment

Peru GDP to grow 4 to 4.5 percent in 2015

Banco de Credito del Peru (BCP) forecasted yesterday that Peru’s GDP will grow between 4 and 4.5 percent in 2015. A Bloomberg survey of economists indicates growth of 4.3 percent,  Full Article »

Labor minister signals minimum wage increase
Posted by Colin Post on Feb 13, 2015 Leave a comment

Labor minister signals minimum wage increase

Peru’s labor minister announced on Thursday that the national labor board (CNT) will meet in June to evaluate an increase in the minimum wage. Labor minister Fredy Otarola stated there  Full Article »

Minister of Energy and Mines asks Pluspetrol to evacuate Pichanaki
Posted by Colin Post on Feb 12, 2015 Leave a comment

Minister of Energy and Mines asks Pluspetrol to evacuate Pichanaki

Peru’s Minister of Energy and Mines, Eleodoro Mayorga, has requested that Pluspetrol remove all personnel and equipment from Pichanaki within the next three days. “First we want to understand [locals’]  Full Article »