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A consortium formed by builders from Peru, Italy and Spain presented the sole bid for the construction of a $6.6 billion train line in Lima, state investment agency Proinversion said on Friday. Only Nuevo Metro de Lima, of the three consortiums qualified to participate in the auction, submitted a bid to build the line in Peru's capital.
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 Peru's net international reserves amounted to US$ 65.18 billion at March 18, 2014, the Central Reserve Bank (BCR) of Peru reported on Saturday. The BCP said that the current level of international reserves accounts for over 33 percent of the country's gross domestic product.
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 Total credit of depository institutions to the private sector in Peru increased 0.9 percent in February (S/. 1.75 billion), the Central Reserve Bank (BCR) said on Saturday.
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Peru's Minister of Foreign Trade and Tourism (Mincetur), Magali Silva will lead a delegation of 32 Peruvian companies to this month's Expocomer 2014, one of the most important trade fair in the region.
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Peru's Ministry of Foreign Trade and Tourism, or Mincetur has announced the opening of a Commercial Office of Peru Abroad (OCEX for its Spanish acronym) in Tel Avi, one of the most important cities in Israel.
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Miners Chinalco and Volcan have formed a consortium with Peruvian Caterpillar distributor Ferreycorp to build water infrastructure projects in the country. The three companies will invest 9.5mn soles (US$3.4mn) in water and sewage facilities in the central Andean Jun�n region, under the government's public works for taxes program (obras por impuestos).
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Peruvian President Ollanta Humala's government has ratified it will continue the formalization process of illegal miners nationwide, which is due to end April 19.
The Presidency of the Council of Ministers (PCM) said in a statement that the government crackdown on illegal mining operations seeks to end this practice that harms people's health and the country's natural biodiversity.
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The Canada Pension Plan Investment Board said on Monday that it had acquired an additional 23.6 percent stake in Transportadora de Gas del Per� from Tecpetrol International SA and would become the Peruvian pipeline company's largest shareholder.
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Tinka Resources has received from the General Bureau of Environmental Affairs (DGAAM) of the Ministry of Energy and Mines (MINEM) of Peru, the Directorial Resolution No. 097-2014-MEM-DGAAM, approving the amendment of the company's Environmental Impact Study SD (EIAsd) for the drilling program on its Colquipucro silver project.
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Billionaire Carlos Rodriguez-Pastor wanted to reform education in Peru, his native country. While Peru's economy has grown and stabilized, its education system remains one of the world's worst. Rodriguez-Pastor, the chairman of financial services and retail conglomerate Intercorp, envisioned a new kind of school he could build into a larger network across Peru-while keeping tuition at just $100 a month. In 2010 he bought three private schools in Lima to get started, but how do you create a school system from scratch?
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Peru has recovered more than 8,000 pieces of cultural heritage over the past seven years that were illegally smuggled abroad, according to a Peruvian Ministry of Culture official.
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The first time I went to Pucallpa I met a painter, Pablo Amaringo, in his workshop, Usko Ayar. It was filled with enormous paintings of strong colors, images and symbols associated with an ayahuasca "trip." Amaringa is continuing the tradition of the shipibo, the community of 25,000 people concentrated mainly in Ucayali.
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Peruvian cuisine has been lingering around the edges of the mainstream American diet for many years, but the flavors of the Andes might finally be poised to see some real growth at retail, according to Melissa Abbott, senior director of culinary insights, The Hartman Group. "I don't like to say anything is the 'next' cuisine, because American cuisine does beg, borrow and steal from all these other cuisines," she said.
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Popular American restaurant chain will open its first location in Peru in early April, sources say.
Homesick American expats will soon have another restaurant at which to indulge their US-style cravings: Olive Garden.
According to El Comercio, the restaurant will operate in Peru with the slightly tweaked name of "Olive Italian Restaurant."
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Well-established local brands and designers that are ready to internationalize will hog the limelight at the 17th edition of the major Peruvian fashion and apparel fair Peru Moda 2014, slated to take place from April 9-11, 2014, in the capital city of Lima.
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In an all-Peruvian Final, former WCT World Champion Sofia Mulanovich (PER) came out victorious at the ASP 4-Star Rip Curl Girls Pro Qualifying Series presented by Powerade in San Bartolo, Peru.
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At 50,000 square kilometers the country gained after the ruling of The Hague on the border dispute with Chile, a potential fishing activity including 200,000 tons of Peruvian squid has been identified, informed the Instituto del Mar del Peru (Imarpe).
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