Maitane Larrañaga

37 articles

Growth was the key word

Cepal expects 18% economic expansion in Venezuela, and 5% in 2005

by Maitane Larrañaga

Caracas (Venezuela) | 4 January 2005

The Economic Commission for Latin America and the Caribbean (Cepal)
predicted an impressing growth rate of 18% at the close of this year, and
estimated 5% growth for 2005.

IMF flirts with Venezuela

by Maitane Larrañaga

Caracas (Venezuela) | 16 December 2004

After habitual scathing comments by president Chávez against the International Monetary Fund (IMF), this institution has sent a high rank delegation to Venezuela, in an attempt to smooth things over between the revolutionary government and this multilateral institution.
But Chávez did not meet (...)

National Assembly gives the go ahead for the 2005 budget

We will continue growing

by Maitane Larrañaga

Caracas (Venezuela) | 10 December 2004

The slight pro-government majority at the National Assembly approved the budget bill and passed the Special Debt Contraction Act for2005, which establishes a macroeconomic condition of 5% growth of the Gross Domestic Product (GDP), a significant figure, if it comes along with an improvement in (...)

Venezuela: The economy triggered to 15.8% and still on the rise

by Maitane Larrañaga

Caracas (Venezuela) | 1 December 2004

As expected, the Venezuelan economy had an amazing 15.8% growth in the third quarter of 2004 compared to the same period of the previous year
But that’s not all: the recovery in the first months of 2004 reached 20.4%, according to preliminary estimates of the Central bank of Venezuela (BCV). (...)

Will there be more?

Changes in telecommunications in Venezuela continue

by Maitane Larrañaga

Caracas (Venezuela) | 24 November 2004

What was merely a rumor, denied several times not long ago, turned out to be true. With the acquisition of Digitel (the third cellular telephone company in Venezuela), Cantv, the main telecommunications company in our country, is determined to dislodge its competitor in cellular telephony, (...)

Venezuela

New emission amid good grading

by Maitane Larrañaga

Caracas (Venezuela) | 1 October 2004

Once again, Venezuela successfully entered the international financial markets. Last September 22nd,the Republic launched into the market 1.5 billion U$ in global bonds, due in 2014, which it will use to exchange for short term Brady bonds -all within the context of a refinancing program of the (...)

Rejoicing at the Caracas stock market

by Maitane Larrañaga

Caracas (Venezuela) | 28 September 2004

There is joy in the Caracas Stock Market; and it seems that the feeling will keep up for a while, after a sustained rising trend has elevated its main index to historical levels.
Recently, the Caracas Stock-Exchange Index (IBC) surpassed the 30,000 barrier, an unprecedented figure in (...)

Unemployment keeps dropping amid high economic growth

by Maitane Larrañaga

Caracas (Venezuela) | 14 September 2004

While the Venezuelan economy is giving indubitable signs of recovery in its Gross National Product (GNP), automobile sales, construction materials, and credit portfolio (among other goods and services), so is unemployment.
Although the most recent employment figures are not worth jumping for (...)

Venezuela

The economy soared 23.1% the first quarter of 2004

by Maitane Larrañaga

Caracas (Venezuela) | 7 September 2004

Recuperation? Reactivation? Real growth? Without going into these discussions that are more a concern of the experts (specially of those who take care in not seeing the truth), it is indisputable that the Venezuelan economy, at least in terms of the Gross National Product (GNP), is yielding (...)

The economy soared 23.1% the first quarter of 2004

by Maitane Larrañaga

Caracas (Venezuela) | 2 September 2004

No decision so far on devaluation of the bolívar in 2005

by Maitane Larrañaga

Caracas (Venezuela) | 19 August 2004

While the Venezuelan government is elaborating the 2005 budget and projecting the macroeconomic values for next year, no decision has been taken on a new and expected devaluation of our currency.
Nevertheless, if oil prices remain high for a long period, the hike on the currency exchange rate (...)

Pdvsa joins wave of debt repurchasing

by Maitane Larrañaga

Caracas (Venezuela) | 13 July 2004

Encouraged by the high income and by the recent favorable events for the Republic, Petróleos de Venezuela (Pdvsa) entered the world of foreign debt repurchasing in order to improve its financial profile and achieve greater maneuverability of its own (...)

The “Revolution” has reached Fogade: Dividents will go to the missions

by Maitane Larrañaga

Caracas (Venezuela) | 23 June 2004

President Hugo Chavez “beautiful revolution” has reached with full energy the state run “fund for the warranty of deposits” (FOGADE). The new Director of the institute, Jesús Caldera Infante, declared before the Finance Commission of the National Assembly that the state institution in charge (...)

Maitane Larrañaga

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