Updated on 03/08/2022 10:23 pm Russia has suspended foreign currency sales for six months, the Central Bank (BC) announced, as the country faces an arsenal of Western sanctions over the invasion of Ukraine. “Banks will not be able to sell foreign currency to citizens” between March 9 and September 9, indicated the BC Russian in […]
Tag: economy
IMF: War in Ukraine will have ‘severe impact’ on low-income households
The war in Ukraine will have a “severe impact” on the world economy if the conflict escalates, affirmed the International Monetary Fund (IMF) this last Saturday, March 5. In addition, he specified that countries with economic ties with Kyiv and Moscow are exposed to higher risks. While the situation remains highly fluid and the outlook […]
Almost 75% of Peruvians spend impulsively
Impulsive or unplanned spending is one of the main traits that define banked Peruvians between the ages of 18 and 55, according to a study by Swiss banking software firm Temenos. Research reveals that about 75% of Peruvians spend impulsively at least twice a year. In detail, 41.3% make this type of purchase every month, […]
Francke on Castillo: He has difficulty discussing economic issues in depth
The former Minister of Economy and Finance Pedro Francke referred to the working relationship he had with Pedro Castillo in the Executive. Francke Ballvé assured that the president has a “deficit” to understand the economic policy issues that he proposed from his portfolio. This has to do with the rural origin of the president Cajamarca, […]
APEC: Peru becomes the host of the Forum in 2024
After in 2021, President Pedro Castillo makes official the announcement of Peru’s offer to assume the Presidency of the Asia-Pacific Economic Cooperation Forum (APEC) in 2024 and become the venue for the Leaders’ Summit that year, Thai Prime Minister Prayut Chan-o-cha has confirmed this news. He also announced that in the coming weeks the delegates […]
Fertilizer prices will peak
By Jackeline Cardenas I. In 2021, the international fertilizer price index accumulated a growth of 163.9%, which has a great impact in Peru, since 89.5% of fertilizers are of imported origin. This sustained increase makes the development of agricultural activity more expensive and raises the final price of food, said Carolina Ramírez, director of Economic […]
China promises measures to stabilize the economy in 2022
China is expected to add stimulus to stabilize growth next year, and several ministries vowed to take more proactive measures to reverse the slowdown caused by the worsening property downturn, consumer weakness and the coronavirus. As downward pressure on the economy mounts, ensuring stability has become the top priority of the top leaders for the […]
After a year, Brexit has hit the economy and business
In the months after Boris Johnson signed the post-Brexit trade deal with the European Union, the coronavirus masked the economic damage that leaving the bloc meant. As the pandemic drags on, the cost becomes clearer and voters are taking notice. Brexit has been a drag on growth. It brought with it new red tape for […]
Castillo: Economy will grow 13% this year “despite agents seeking to destabilize”
The President of the Republic, Pedro Castillo, reported this Monday, December 20, on the economic expectations of his Government. “We hope to close the year with a growth of 13%“Said the president during the graduation ceremony of the Diplomatic Academy. Castillo highlighted that Peru registers the “highest economic expansion in Latin America ”. “We would […]
Law on the return of Fonavi contributions is approved
The Economic Commission of the Congress of the Republic unanimously approved modifications to the opinion on the return of money from the National Housing Fund (Fonavi) to the workers who contributed to it, prioritizing the vulnerable population, as a consequence of the COVID pandemic -19. In this regard, the parliamentarian Silvia Monteza, president of the […]