Economy

Former Credit Suisse Bankers Seek to Finance Venezuelan Oil Sector Revival, According to Bloomberg

A private credit firm founded by former Credit Suisse bankers seeks to finance Venezuela's oil services sector, as one of the country's biggest energy conferences in decades draws investors back to Caracas. By Bloomberg ArtCap Strategies plans to allocate capital to local suppliers working with major oil companies, aiming to help revive crude production after years of underinvestment, its CEO, Andres Martinez, said Monday.

BCV Confirmed that the US and Venezuela Hired Audit Firms for the Use of Financial Resources

The United States and Venezuela hired audit firms to guarantee 'tranquility and impartiality for all,' said the BCV.

Ecuadorian airline Aeroregional announces flights connecting Quito and Lima with Caracas and Maracaibo

The Ecuadorian airline Aeroregional announced the activation of its new international routes that will connect Lima, Quito, and Caracas starting next May 12, 2026. According to what was published on its website, the flights, which will have a frequency of two weekly trips, will be on Tuesdays and Fridays departing from Jorge Chávez International Airport in Lima, Peru. The service stands out for using Quito as a strategic bridge to reduce waiting times.

American Airlines adds second daily frequency between Miami and Caracas from May

A few days before the resumption of direct flights between Venezuela and the United States, the American airline American Airlines will expand its operation with a second daily frequency on the Miami-Caracas route starting May 22, 2026. The decision responds to the increase in demand on this route, which marks the reactivation of the air connection between the two countries after several years of suspension. Tickets for this new itinerary are already available on the company's website, with fares exceeding $1,500 per passenger, in a context of high demand and limited supply in the initial phase.

El Niño threatens to raise dairy prices by up to 70% in the Caribbean due to livestock production drop

Dairy production could fall by up to 70% due to the effects of the El Niño phenomenon in the Colombian Caribbean. Photo: iStock

Aeroregional incorporated flights to Venezuela from Ecuador and Peru: what are the routes?

The airline Aeroregional has added new flights between Quito, Lima, and Venezuela, available from May 13, improving air connectivity in the region.

Transfer of $25 trillion from AFP would raise public debt rates and pressure government financing

The impact of the transfer of $25 trillion from AFP on the Colombian economy. Photo: iStock

PDVSA billed 48% more revenue in March than all of January and February combined, thanks to the war in Iran

The billing of Petróleos de Venezuela (PDVSA) during March 2026 reached an amount of almost 2.5 billion dollars due to the rise in crude oil prices, caused by the war in Iran, but also by the rebound in its exports. Economic Logbook The billed income still pending collection [...]

Copa Airlines Connects Venezuelans to 17 US Cities Through Hub in Panama

Copa Airlines assures it offers Venezuelans the widest coverage of destinations in the United States, covering routes from Caracas, Maracaibo, and Valencia, and from May from Barquisimeto, to 17 U.S. cities through connections in the Hub Panama. Bitácora Económica Copa Airlines' operation in the United States covers: • Florida, with [...]

Venezuelan Chamber of Commerce: National Companies Ready to Support Foreign Investment

The president of the Venezuelan Chamber of Commerce (CPV), Enrique Novoa, assured that national companies operating in the oil sector are prepared to offer goods and services to transnationals that come to invest in the country. Bitácora Económica "That is the fundamental principle that drives the Venezuelan Chamber of Commerce: goods and services to the service, in a redundant way, of everything that means oil operations in the country. We have a long track record in the entire value chain, from well service companies, engineering, construction, maintenance, different areas that require all this support so that goals can be achieved," said Novoa.

Goodyear Reportedly Closed Plant in Colombia and Warns of Job Impact

Sole national producer: Goodyear Colombia. Photo: iStock

John Barrett: "US private sector and innovative investment are the engine of Venezuela's transformation"

The US Chargé d'Affaires in Venezuela, John Barrett, pointed out that the private sector, including innovative investment from the United States, "is the engine of Venezuela's transformation into a global energy hub". He also said at the event organized by the Venezuelan Oil Chamber (CPV) that both sectors are also a key pillar for stabilization and economic recovery, key elements of US President Donald Trump's three-phase plan. He urged the attending members to seize this historic opportunity: "together, we are building a new Venezuela, deeply linked to our region."