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 | | Majes Siguas II joins other ongoing projects that deal with irrigation for agricultural use which will to be implemented in the south-eastern Cusco region under Mi riego (irrigation) program. |
Peru's President Ollanta Humala stated the Majes Siguas II project will allow to open up 38,500-hectare farmland to boost the country's southern development by generating hydropower and 200,000 new jobs.
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 The Inter-American Development Bank (IDB) said there are good prospects for the advancement of the Peruvian economy in the next five years. Growth would be between 5% and 6% in average terms.
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 Peru posted a trade surplus of $480 million in December 2013, which was the country's largest monthly trade surplus last year, according to the Central Reserve Bank (BCR) of Peru.
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 Peru posted a $365 million trade deficit in 2013, the first negative reading in more than a decade as the Andean country's mineral exports slumped on lower prices and weak global economic growth, the central bank said on Thursday. In 2012, Peru posted a $4.82 billion trade surplus.
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 Peruvian banks expect a rebound in loan growth in 2014, as the Andean country's gross domestic product should post a stronger expansion that will boost demand for banking services, industry executives said. Peru's banking sector posted a 12% increase in loans in 2013, compared with an almost 16% increase in 2012 and about 17% in 2011, according to private-sector banking association Asbanc.
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 The Industrial and Commercial Bank of China, the world's biggest bank by assets, has set up shop in Peru, the latest Chinese firm to enter the Andean market. The ICBC received authorization from Peru's banking regulator on Wednesday, allowing the Chinese bank to open its office and start doing business. Eduardo Patsias, the corporate banking manager in Peru for ICBC, said that the company will first focus on corporate clients. It aims to provide loans worth $100 million in its first year in business in Peru.
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"The World Movement for Democracy, a global network I direct from our secretariat in Washington, DC, held it Seventh Assembly in Lima, Peru, in October 2012. Since then, I have remained very interested in developments in the country, particularly its progress in deepening democracy, and the Embassy's newsletter is an important source of information, so I appreciate it very much. I encourage you to cover issues related to Peruvian democracy, both challenges and achievements, to the extent possible. Of course, the cultural coverage is also indispensable! Many thanks for your good work!" Art Kaufman, Senior Director, World Movement for Democracy
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 A group led by China Minmetals Corp. is nearing an agreement to purchase Glencore Xstrata Plc's Las Bambas copper project in Peru for more than $5 billion, according to people with knowledge of the matter. A deal between Minmetals, China's biggest state-owned metals trader, and Baar, Switzerland-based Glencore could be announced as early as this month.
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 Inca One announce the company has begun construction on a significant performance and capacity upgrade to its Chala One gold milling facility located in Chala, Peru. This upgrade will mark a 100% increase to the current 25TPD capacity and allows the company to process up to 50 TPD. Under the formalization process Chala One can be permitted to scale up to 350TPD.
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 Peru's agriculture ministry (Minag) is developing a project to build an irrigation system in Pisacoma, in Chucuito province. The project contemplates the construction of a dam, an uptake, main canal and side canals in addition to providing technical support to local agriculture producers.
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 The Peruvian Navy's (MGP's) Servicio Industrial de la Marina (SIMA) shipyards have become the cornerstone of the service's modernisation programme, with Peru ramping up SIMA's industrial capacity in line with a 2013-17 Strategic Plan.
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According to a joint communiqu�, Peru and Chile have agreed that technical officials from both countries will determine the points that will be used for the delimitation and its cartographic representation. The foreign ministries will provide the coordination.
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Foreign and Defense Ministers from Peru and Chile held a "two-plus-two" ministerial talk on considering ways to implement the International Court of Justice's (ICJ) ruling which set up the two countries' maritime delimitation.
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Taking into consideration the high demand for gastronomic tours worldwide, the Peruvian expert travel company Latin Trails has thought about this kind of tourism regionally, by propelling the tasting flavors, as well as ingredients of the exotic Peruvian cuisine through a practical book describing a wide range of recipes related to its cooking traditions among appetizers, main dishes and desserts.
You can download a free Peru recipe book here.
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According to Andina news agency, Parque de las Leyendas has opened a new attraction in their facilities. Well, it's not really a new attraction- actually, it's a really old attraction.
As of today, visitors to the zoo have the opportunity to explore the Huaca San Miguel touristic circuit. The work on the site to make it suitable for tourism cost S/. 300,000, Andina reports.
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 Currently at the National Gallery of Australia's Gold and the Incas: Lost worlds of Peru exhibition there is the opportunity to view an object with an extraordinary tale of survival over 1700 years. It may not glitter like gold, but it tantalises in so many ways. The textile is woven from camelid wood and cotton. Set against a monochrome indigo ground, dozens of crazy, contorted figures of shamans are embroidered in a dizzying array of colour combinations. The rhythm of alternating, opposite postures subtly asserts the Peruvian world view of order and balance in nature.
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Critically-acclaimed Peruvian filmmaker Claudia Llosa will premiere her latest work, and English-language film entitled "Aloft," on Feb. 12 at the Berlin International Film Festival (more commonly referred to as "Berlinale").
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Some of the world's best longboarders are gathering in Peru's northern city of Trujillo for the 2014 Huanchaco Longboard Pro presented by Repalsa.
The contest will run from February 12-14 and will host both the Men's and Women's events.
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The Peruvian Olympic delegation has arrived in Russia for the 22nd Olympic Winter Games to be held in Sochi.
Peru
The Andean nation will be represented by its Olympic ski team make up of Roberto Carcelen and the Oettl Reyes siblings Ornella and Manfred, who also competed at the 2010 Vancouver Olympic Winter Games.
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In Peru, local-level corruption hurts many people. Meanwhile, surveys by our Peruvian chapter, Pro�tica, reveal that people are afraid to report corruption through official channels. In this context, journalists and the media are particularly critical to uncovering individual cases of corruption and pushing for concrete change. Since September 2012, Pro�tica has been exposing local corruption cases each week via its online TV programme, Poder Ciudadano (Citizen Power).
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Spanish soccer club FC Barcelona have renewed their partnership with Peruvian soft drinks brand Big Cola until June 2016.
Big Cola will help promote the club across 11 territories in Latin America, including Mexico, Costa Rica, Nicaragua, Honduras, El Salvador, Guatemala, Peru, Venezuela, Columbia, Brazil and Ecuador.
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