The general government investment reached S/3,192 million and registered a 21% year-on-year growth in April, due to the higher execution of the three government instances, mainly subnational governments, reported the Central Reserve Bank of Peru (BCRP). According to groups of projects and activities, the increase corresponded to the “rest” group of projects and activities (31.5%) […]
Tag: Investment
Peru displaces Chile as the most attractive country to invest in mining
He Peru climbed 8 positions as the most attractive country for invest in mining and went from position 42 (of 84) in 2021 to 34 (of 62) in 2022, displacing Chile, which is now ranked 35, according to the 2022 Annual Survey of Mining Companies of the Fraser Institute from Canada. In 2020, the result […]
MEF: “The prospects for the housing market in general are unfavorable”
The Ministry of Economy and Finance (MEF) recently updated its forecasts for the Peruvian economy and cut growth for this year to 2.5% from 3.5%. In addition, it revised downward several economic sectors, including the constructionof which it is expected to only grow 0.5% and no longer 2.3% as estimated in August 2022. With this […]
Mutual fund industry lost more than 95,000 investors
At the end of March, the assets managed by mutual funds reached S/28,499 million, a decline of -1.14% compared to February (S/28,816 million) and a drop of -4.78% compared to the last 12 months, according to the Association of Mutual Fund Administrators of Peru (AAFM). In addition, the number of participants reached 340,364, which represents […]
Expectations of employers improve in the short term
Business expectations in the short term recovered in March, compared to the previous month; However, most of them still remain in a pessimistic tranche (less than 50 points), according to the latest report from the Central Reserve Bank of Peru (BCRP). In a month marked by natural disasters as a result of Cyclone Yaku, expectations […]
Municipal savings banks ask the Government for S/1,000 million for loans
The municipal savings banks are asking the central government for economic strengthening with the aim of offering more loans to micro-entrepreneurs seeking economic reactivation. John Sarmiento Tupayachi, manager of Corporate Services of the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC), told La República yesterday that the request was made to the president Dina […]
Mayor of Yarabamba has little mining canon investment like his predecessor
Yarabamba It is the district that receives a higher budget in the area of the province of Arequipa by concept of mining canon. This is because it is located in the area of direct influence of the mining operation. Green Hill. However, it is one of the jurisdictions with lower budget spending, according to the […]
BCRP: Private investment would fall 0.5% for the second consecutive year
For the second consecutive year, the private investment in Peru it would have a fall of 0.5% at the end of 2023, a figure similar to that registered during 2022. This was announced by the Central Reserve Bank of Peru (BCRP), which revised its projection downward on the performance of this indicator. In its previous […]
Colombiana Ecopetrol creates subsidiary focused on technology and innovation in Spain
Colombian energy company ecopetrol announced on Friday the creation of a subsidiary in Spain focused on activities related to science, technology and innovation, within its process of diversification and transition towards clean energy. Econova Technology & Innovation will be 100% controlled by Ecopetrol, the largest company in Colombia. “The presence in Spain allows us to […]
What Peruvian companies operate in Ecuador and what do they do?
More than 1,700 Peruvian companies have a presence in ecuadorian soilaccording to information from the Superintendence of Companies of Ecuador. Besides, the cumulative investment between 2010 and 2020 of national brands in the neighboring northern country was US$249 million, According to what Lorena Konanz, Vice Minister of Export Promotion and Investment of the nation of […]