Ana Teresa Peña

Periodista.

41 articles

Manufacturing industry grew 20.7% in the third quarter

by Ana Teresa Peña

Caracas (Venezuela) | 8 December 2004
According to the Central Bank of Venezuela (BCV), the private industry not related to the oil business grew 20.7% of the Gross Domestic Product (GDP: goods and services generated by the economy of a country) in the third quarter. These figures reflect the recovery of the manufacturing sector throughout 2004, after an 8% contraction in 2003.
The manufacturing sector suffered the consequences of the strike launched by the opposition, which interrupted the supply of inputs like (...)

Venezuela: Chávez’ government finances grass roots businessmen

by Ana Teresa Peña

Caracas (Venezuela) | 7 December 2004
This year, the ministry of Popular Economy has trained, through the Vuelvan Caras Mission, a total of 358,316 Venezuelans from the poor sectors of the population, and has provided them with the tools to establish new cooperatives and micro-businesses.

Wholesale and retail food sales increased 7%

The agricultural industry, willing to struggle against poverty... and to join the Mercals

by Ana Teresa Peña

Caracas (Venezuela) | 29 November 2004
The new president of the Venezuelan Chamber of the Food Industry, Pablo Baraybar expressed the willingness of his sector to work with the government in order to reduce malnutrition. The businessmen are interested in participating in the sale of products through the Mercal store network, which offers products with discounts of up to 50%, in order to benefit the popular sectors.

Venezuela

Recovery of food consumption levels

by Ana Teresa Peña

Caracas (Venezuela) | 12 November 2004
The demand for basic commodities increased 14.6% between January and August of 2004, according to a report by the Supermarket and Self-services Association. The products with the greatest volume variation were sardines (32 %), corn flour (29 %), and wheat flour(20%).

Automobile industry confident about Venezuela’s economic growth

by Ana Teresa Peña

Caracas (Venezuela) | 8 November 2004
With the extension of the program of exemptions from the Tax on Aggregated Value for the purchase of family vehicle, the Venezuelan assembling plants are expecting a high demand for automobiles. In one year, car sales rose 145.13%. Between January and September of 2004, the sector reached the figure of 87,000 units sold.

Foreign capital has Venezuela in its sights

by Ana Teresa Peña

Caracas (Venezuela) | 11 October 2004
The manufacturing industry, telecommunications development and services, the electric sector, and the gas market are the new pillars of foreign investment in the country, according to Mercedes Briceño, CEO of the National council for the Promotion of Investments, after analyzing the United Nations report on trade and development.

Venezuela

by Ana Teresa Peña

Ministry of Popular Economy will promote small businesses and cooperatives

Caracas (Venezuela) | 7 October 2004
More than a thousand persons finishing the “Vuelvan Caras” training and employment program, will be guided by this new ministry to form self sustainable production units. Minister Elías Jaua said that the purpose is to strengthen a kind of alternative, non traditional form of production.

Venezuela

Government will restrain imports

by Ana Teresa Peña

Caracas (Venezuela) | 5 October 2004
With the State purchase program and the creation of the Food Ministry, the government seeks to expand the offer of national goods in order to use the oil income to strengthen the country rather than to finance other economies.

Food Ministry will control importation licenses and fix prices

by Ana Teresa Peña

Caracas (Venezuela) | 5 October 2004
The new ministry will facilitate food consumption through popular programs. It will also expand the state’s agro-alimentary companies and industries, in order to break private monopolies in processing, distribution, and commercialization of first necessities.
As of now, the Food Ministry will be in charge of the production, processing, distribution, and commercialization of first necessities. It will undertake some of the duties carried out by the Ministry of Lands and Agriculture, such (...)

Venezuelan non traditional exports increase

by Ana Teresa Peña

Caracas (Venezuela) | 22 September 2004
The currency exchange control policy has encouraged non traditional exports. Industries have decided to expand their markets towards Colombia, the United States, Argentina Brazil, and Europe.
Francisco Mendoza, president of the Venezuelan Exporters Association (AVEX), informed that sales from the national companies to the international markets, have increased 30%, and expectations are to have billed 2.8billion U$ by the end of the year.
The main exporting sectors are aluminum, the iron (...)

Venezuela

Businessmen propose plan to generate 550,000 jobs in the construction sector

by Ana Teresa Peña

Caracas (Venezuela) | 16 September 2004
The housing shortage is one of the most serious problems in Venezuela, together with unemployment, lack of personal security, and poverty. A report by the Venezuelan Construction Chamber, reveals that 5 out of each 10 persons lack adequate homes. An estimated 12 million 150,000 citizens have housing problems, whether not owning a home or not living in home that is under the minimum standards. The deficit of new homes is 1.6 million units for approximately 7.2 million people. Moreover, due (...)

Venezuela

Manufacturing industry grew 37.9% in the first semester

by Ana Teresa Peña

Caracas (Venezuela) | 8 September 2004
The private sector admits that goods and services production as well as sales, had a recovery in the first six months of the year. A survey by Conindustria, reveals that 45.6% of the entrepreneurs perceive their economic situation as good.

Venezuela

Commercial production recovered 34.9%

by Ana Teresa Peña

Caracas (Venezuela) | 7 September 2004
Food consumption rose 14.7% in the first semester, according to the National Association of Supermarkets. Products with a higher demand were corn flour, oatmeal, and pasteurized milk.

Home construction begins to yield its fruits

by Ana Teresa Peña

Caracas (Venezuela) | 26 August 2004
The government invested 24.8 billion bolívares for the construction of 767 homes in the states of Carabobo, Miranda, Lara, and Trujillo. Nevertheless, population growth has caused a housing deficit of above 1.7 million homes.

Sales in the formal economy recover their pace

by Ana Teresa Peña

Caracas (Venezuela) | 13 August 2004
Shopping centers invoiced 25% more this first semester compared to the decrease in sales they suffered last year, amid an entrepreneurial strike and economic recession. The Venezuelan Central Bank (BCV) sales volume index from January to April, reveals a 28.35% recovery in wholesale and retail trade, as well as a 36% rise in food consumption.

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