- Economy News
Economy News Sunflower Updated March 04, 2019 361 0 1 0 0
The Canadian multinational Scotiabank announced last Friday that it completed the acquisition of 51% of the shares of the Chilean Banco Cencosud’s in Peru after receiving the approval from Peruvian authorities.
Economy News Sunflower Updated February 07, 2019 218 0 1 0 0
Once upon a time Peru had the best railway network for passengers and cargo in South America. These times are long gone and today only 3 passenger railways mainly for tourism purposes are left – the famous train ride from Ollantaytambo, Urubamba or Poroy near Cusco to Machu Picchu, the spectacular journey between Cusco and Puno and the picturesque...
Economy News Sunflower Updated December 30, 2018 1373 0 1 0 0
The past year hasn’t been especially positive for doing business in Peru. According to the “Doing Business Report 2019” published by the World Bank, Peru lost 10 positions in the overall global Ease of Doing Business ranking and is now only positioned on rank 68 from 190 surveyed economies.
Economy News Sunflower Updated December 30, 2018 1233 0 1 0 0
The Peruvian Central Reserve Bank (BCRP) announced that from January 1, 2019 the distribution of the Peruvian 5 centimos coin will be stopped and the coin is withdrawn from circulations.
Economy News Sunflower Updated October 28, 2018 898 0 1 0 0
Over the past two decades Peru experienced an economic boom with impressive GDP growth rates, increases in average income and wealth as well as improvements in the overall infrastructure.
Economy News Sunflower Updated September 13, 2018 540 0 2 0 0
Based on data obtained directly from port authorities and terminal operators, ECLAC, the Economic Commission for Latin America and the Caribbean, releases each year its Maritime and Logistics Profile which includes a ranking of 120 container ports in the region by handled cargo volume in containers.
Economy News Sunflower Updated October 21, 2018 1141 0 1 0 0
According to the latest “Lloyd’s City Risk Index 2018”, compiled by the University of Cambridge and the British insurance and reinsurance market Lloyd’s of London, the Peruvian capital Lima is the 4th riskiest city in Latin America and positioned 39th on a global level.
Economy News Sunflower Updated September 30, 2018 1234 0 1 0 0
Almost unnoticed by the public that seems to suffer from a severe outbreak of soccer fever due to Peru’s participation in the World Cup in Russia, last week the Peruvian government presented a new law in which excise taxes on sodas, alcoholic beverages, cigarettes, fuels and new cars powered by diesel or gasoline are significantly raised.
Economy News Sunflower Updated April 30, 2018 1156 0 1 0 0
Kantar Millward Brown, a multinational market research company focused on advertising effectiveness, strategic communication, media and brand equity research, published the results of the 2018 Most Valuable Peruvian Brands ranking.
Economy News Sunflower Updated April 25, 2018 3184 0 1 0 0
Yesterday INEI, the Peruvian Institute of Statistics, published the results of the “Encuesta Nacional de Hogares” (National Household Study - Enaho); and the results are shocking. For the first time in over a decade poverty in Peru is on the increase again.