APRIL

World Bank sees Peru's GDP up 5.5% in 2014

Peru's Gross Domestic Product is set to record a 5.5 percent growth rate in 2014, posting the second highest regional growth after Panama, said the World Bank in a report released Wednesday.

State Visit to Canada

Humala to Receive Statesman Award in Canada

President Ollanta Humala remains in Canada, where he will take opportunities to strengthen ties between both countries, including on issues of business, education and defense.

Humala's visit is centered on an award he is to receive on April 10 from the Canadian Council of the Americas, which voted him Statesman of the Year 2013.

Canada to fund seven innovative ideas to improve health in Peru

Grand Challenges Canada, funded by the Government of Canada will give Peru $100,000 seed grant in order to make possible seven innovative projects aimed to address pressing health issues in the Andean country.

Economy

[ANALYSIS] Peru: President Humala Should Push for More Economic Freedom

The Humala government made an excellent policy decision to become one of the founding members of the Pacific Alliance (which includes Chile, Colombia, Mexico, and soon Costa Rica and Panama), a regional political and economic bloc that began in 2011 with the goal of synchronizing and deepening intra-regional trade and enhancing trade and investment with the bloc's dynamic partners in East Asia.

Mining and Energy

Peru's Milpo says it plans to restart suspended copper mines

Peru's Milpo, which is controlled by Brazilian industrial group Votorantim, said it planned to restart two small copper mines in Peru and Chile in 2015 and 2016.

Milpo suspended its Chapi project in Peru and Ivan mine in Chile partly because of declining ore grades and rising operating costs.

Fight Against Terrorism

Peru arrests 24 in group tied to Shining Path

Peruvian security forces have arrested 24 leaders of the political wing of the Shining Path rebel movement including the lawyer of its imprisoned leader and the cousin of President Ollanta Humala, the president announced Thursday.

Infrastructure

Cusco airport concession to be awarded April 25

Peru's private investment promotion agency ProInversi�n is set to award the US$658mn Cusco airport concession on April 25, according to the latest tender calendar.

There are currently seven prequalified consortiums, including firms from the US, France, Germany and Korea. However, the names will not be released until the economic and technical bids are presented on April 22.

Peru to award Pisco port concession on April 30

Peru's private investment promotion agency ProInversi�n will award the US$100mn concession of Pisco's San Mart�n port on April 30, according to an updated tender calendar.

Technical and economic bids from prequalified firms are due April 24, with the presentation of the final bid and the awarding of the tender taking place six days later.

Environment

Over US$4bn needed to clean up Peru's R�mac river

Over US$4bn is needed to clean up and recuperate the water quality of Peru's R�mac river running through Lima region.

India, Peru to cooperate in fighting common threat El Nino

Threatened by the prospects of El Nino, India and Peru have decided for scientific cooperation to understand the effect of weather phenomena, that originates in the Pacific Ocean.

Diplomacy

Peru offers endless attractive investment possibilities

The government of Peru is seeking overseas assistance to develop its natural resources and infrastructure.
Recently, at the Intercontinental Sydney, the Embassy of Peru in Australia hosted a Road Show called "Peru, Endless investment opportunities", with a seminar to showcase the highest profile projects on offer to investors and companies from around the World. ProInversion, the Private Investment Promotion Agency of Peru presented a wide range of business opportunities in sectors such as land transportation, energy and sanitation.

Tourism

Travcoa Introduces Incredible Peru by Private Plane

Travcoa, a world leader in luxury travel, is marking its 60th Anniversary year with an extraordinary journey to explore the mysteries and marvels of Per�.
Traveling aboard a richly-appointed private plane, guests will view the enigmatic Nasca Lines, enjoy private access to the cloud city of Machu Picchu, learn about the Pyramid of the Moon from Per�'s foremost scholar on Moche civilization, and witness the stunning architecture of the "White City" of Arequipa-the largest adobe city on Earth. Guests also visit culturally-rich Lima and Cusco, and experience their exceptional gastronomic indulgences.

Peru's Tambopata National Reserve to draw 43,000 tourists in 2014

Tambopata National Reserve, located in Peru's south-eastern region of Madre de Dios, expects to receive more than 43,000 domestic and foreign tourists this year, the National Service of Protected Areas by the State (Sernanp) reported.

Gastronomy

Gast�n Acurio's English Cookbook Coming From Phaidon

Publishers Marketplace reports that acclaimed Peruvian chef and international restauranteur Gast�n Acurio has landed a deal to publish a cookbook about his native cuisine. Acurio, who owns the highly acclaimed Astrid y Gast�n in Lima (ranked #14 in the world), has published cookbooks before, however this will be his English debut.

Fashion

Peru MODA to showcase the work of 20 local designers

Twenty Peruvian designers will display their work at Peru MODA, scheduled to take place in Magdalena, according to the news publication El Economista. The show begins on April 9 and will run until April 11.

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