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The Peruvian government promotes and guarantees investments with social and environmental responsibility and transparency, Vice President Marisol Espinoza has said. |
 Formal employment in Peru expanded last December for 49 straight month, growing 1.8 percent from the same period a year earlier, Peruvian Labor and Employment Promotion Ministry (MTPE) has reported.
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 Peru and Colombia lead Latin America's infrastructure investment opportunities in 2014, given the huge deficit in highways, ports, airports and railways coupled to market-friendly policies, according to the latest BNamericas Intelligence Series report.
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 The latest Doing Business ranking is out and has put Peru first in Latin America in the 'gettingcredit' category. Publimetro reports that Peru is the best country in Latin America to be able to get credit, according to the latest ranking from the Doing Business Project.
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 Last year Peru received $2.7 billion in remittances, a figure that represents a 2.9 percent drop compared with 2012, the central reserve bank said in a report to which Efe had access Monday. In the fourth quarter of 2013, the money sent home by Peruvian emigrants totaled $708 million, some $8.5 million less than in the same period of 2012, according to the report. The central bank indicated that remittances with banks as intermediaries declined 2.8 percent in 2013, while those originating with money-transfer companies increased 3.1 percent.
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Glencore Xstrata said that Minmetals is the preferred bidder for its Peruvian copper mine Las Bambas, an asset it agreed to sell to secure approval from China's competition authorities for its takeover of miner Xstrata.
"We are in discussions with the leading party. No secret, it is Minmetals. How long the negotiations will take is hard to say, but we are in discussions," Chief Executive Ivan Glasenberg said. "We had many interested parties, but they are the preferred bidder."
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Commodities titan Glencore Xstrata swung to a net loss in 2013 after a massive $7.5 billion goodwill write-down against its purchase of Anglo-Swiss miner Xstrata, and said it is continuing with the sale of its Peruvian copper project.
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 The act of weighing organic bananas for export has become easier for growers in the northern Peruvian region of Piura, with the help of a technological initiative to develop light, portable, foldable, solar-powered scales, it has been reported.
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Works for marking the starting-point of the maritime boundary between Peru and Chile were concluded within the framework of the implementation of the verdict delivered by the International Court of Justice (ICJ), Peruvian Foreign Ministry (MRE) has reported.
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Her Majesty Queen Maxima of the Netherlands will visit Peru to support the Andean country's efforts to make financial services more accessible to the poor.
Queen Maxima is due to arrive in Lima on Wednesday to meet with President Ollanta Humala and his wife, First Lady Nadine Heredia.
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Peru has joined the celebrations of the first-ever World Wildlife Day to commemorate and raise awareness of the world's wild fauna and flora.
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In my last Peru hostel roundup, I dished on where to stay in Cusco. Before that, I covered places to bunk down in Iquitos, Lima, and Huacachina.
This week, I'm introducing my favorite Peruvian party hostel as well as the best hostel breakfast I had in the country.
Click here to read about my travels and hostel ratings throughout Peru. I stayed in varied accomodations, so be sure to check out each review.
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The Incas considered the fertile valley of the Urubamba River to be a sacred place. One legend claims that the sun refreshes itself at night in the chilly waters underneath the river. The lush grasslands of this high plateau support sheep and grain production, and the mountain backdrop provides the ideal setting for an authentic pachamanca, or Andean pit roast. Usually undertaken at harvest time, as a thank-you to Pacha Mama, or Mother Earth, a full-scale pachamanca, is a major endeavor that engages the entire community. For his visiting American guests, Chef Pio Vasquez of El Huacatay restaurant in the town of Urubamba has orchestrated a pachamanca out of season, on a friend's farm in the picturesque Sacred Valley.
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 If you happened to catch the restaurant's booth at last year's H Street Festival, you probably noticed that what we are actually getting is something a bit removed from the original concept. I was lucky enough to chat briefly with a representative from the restaurant, and to sample their scallop ceviche (highly recommended) that day. More recently, Jessica Sidman of the Washington City Paper, checked in with them and got the full scoop on exactly what we're getting in Ocopa (1324 H Street). Spoiler: it involves Peruvian chicken, ceviches, some other very interesting sounding food, Peruvian cocktails, and plenty of Peruvian beers.
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Indie rock band The Soon-Another comes with a story as charming and unlikely as its synth-pop twists. Current NYU student Adele Fournet, who is currently pursuing her doctorate in ethnomusicology, formed the band with musicians Felipe Wurst and Sebastian Apolinario while working in Lima, Peru. The trio moved to New York and met their fourth member, Israeli drummer Ofer Levy, in Brooklyn. Just this month, The Soon-Another released its first album, Autodidact.
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 The Peruvian designers who will show their work at LIF Week '14 are Claudia Jimenez, Jorge Luis Salinas, Sitka Semsch, Ani Alvarez Calderon, Noe Bernacelli, Fatima Arrieta, Roger Loayza, Jimena Mujica Boutique, Gerardo Privat, Yirko Sivirich, Ana G, Susan Wagner, Boho Chic by Talia Berckemeyer Murguia, Angie Schlegel, Emporium Jeans, Ilaria, Basement, Fina, and Kuna. Schlegel, Wagner, and Berckemeyer are all new to LIF Week.
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 More than 400,000 residents and millions of tourists coming to the imperial city of Cusco will benefit from the US$120 million Transportation Improvement Project (METRA, in Spanish) recently approved by the World Bank Board of Executive Directors.
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 The country that's home to one of the fastest growing economies in the world will soon also be home to almost 40 students from across the University of Michigan participating in what Nerd Scholar has called the "most informative" study-abroad experience around. Student teams will analyze everything from the cosmetics industry to housing markets. Here's how U-M students will use the opportunity to develop a deeper understanding of global business.
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 Business magazine Forbes has published its list of the world's richest people... and Peruvian multi millionaires have lost 40% of their worth since 2013, reports El Comercio. Although new multi millionaires have been springing up around the world, with 268 newcomers to the list, the Peruvian super rich appear to have got poorer since last year.
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