|
|
|
|
At a time when the collapse of commodity prices is roiling countries from Venezuela to Russia, Peru is showing that it's one of the few developing nations positioned to weather the plunge. After running budget surpluses for three straight years and stockpiling $8.6 billion in a rainy-day fund, Peru has cut taxes, boosted spending and chopped interest rates to shore up economic growth. President Ollanta Humala has also attracted investment into agricultural and energy projects to reduce Peru's dependence on mining, which accounts for half of its export revenue. |
 |
Peru, the world's third largest copper, zinc and tin producer and also an exporter of natural gas, fishmeal and coffee, will grow less than originally forecast this year due to slumping commodities prices, finance minister Alonso Segura said Thursday.
GDP growth will probably be closer to the central bank's forecast of 4.8% for 2015, down from the finance ministry's earlier prediction of 5-5.5% growth, Segura said. The economy expanded 2.4% last year compared with 5.1% in 2013, he said.
|
Peru central bank President Julio Velarde opened the door to a fifth interest rate cut since 2013 as Finance Minister Alonso Segura reduced his forecast for economic growth this year.
Should inflation slow as forecast, the bank has room to ease monetary policy "though not that much because consumption remains vigorous," Velarde said Thursday at the Bloomberg Peru Summit 2015 in Lima.
|
The Ecuadorian government decision to exclude 160 tariff headings from the 7% safeguard measure imposed on Peruvian products will allow them to continue with the preferential tariff (0%), thus benefiting 14% of Peru's exports to Ecuador, informed the Lima Chamber of Commerce (CCL).
|
 In the first quarter of 2015, a natural gas compression and decompression plant will be built in the Tambillo district of the Huamanga Province with the aim of reducing high gas prices for houses and businesses in Ayacucho, Peru.
|
The economy of Lima is expected to continue to grow at a steady pace, and the contractors are planning skyscrapers of 45 to 50 floors to compliment the growth in businesses in the capital.
|
 Beatriz Merino, president of Peru's Hydrocarbon Society, Jorge Barata, chief executive officer of Odebrecht SA's Peru unit, Alfonso Garcia Miro, president of Peru's business confederation Confiep, and Roque Benavides, chairman and CEO of Cia. de Minas Buenaventura SA, participate in a panel discussion about private investment and infrastructure in Peru. Click and Watch the video!
|
 Chilean telecoms group Entel has booked annual revenue growth of just 1%, as the negative impact of falling mobile termination rates (MTRs) in its domestic market were offset by expansion in Peru. Turnover for the year reached CLP1.668 trillion (USD2.658 billion), with revenues from its Chilean mobile division tumbling 10% year-on-year to CLP1.151 trillion, whilst revenue from its Entel Peru unit increased by 231% to CLP151.729 billion.
|
 About 1.9 tons of drugs, seized in various police operations, will be destroyed today in the first burning of narcotics this year, reported Peru's Interior Ministry.
|
"Last year, we exported 92% of what we produced to Europe, but this year we are reducing our volume of shipments to European destinations to 75% because we are afraid of what might happen to the Euro," said Aingeru Garc�a, manager of APPBOSA.
Given the significant devaluation of the Euro and discontent on the part of the company with the FLO (Fairtrade Labelling Organization), APPBOSA has decided to diversify its customer base.
The year 2015 has started on a very positive note for APPBOSA. "We've had a really good start, with a record production and exporting between 19 and 20 containers per week; in 2015, we hope to reach 850,000 boxes," affirms Aingeru, who mentions that the annual production record is 785,000 boxes, achieved in 2012, with production dropping to 650,000 boxes in 2013 due to pest issues.
|
|
The Executive Power has officially declared 'January 27' the Maritime Sovereignty Day to commemorate The Hague-based International Court of Justice (ICJ) verdict, which concluded the maritime dispute between Peru and Chile.
|
The government of Peru has recently appointed Maria Cecilia Rozas Ponce de Leon as the new Peruvian Ambassador Extraordinary and Plenipotentiary to the Republic of Paraguay.
|
From district to district, hundreds and hundreds of kilometers of cables go over Lima in incredible, random traceries, knots, and lines. Some seem to lead nowhere, others provide safety. Some become the nests for birds and squirrels, others the "storage" for old shoes.
|
Ceviche and summer are the perfect pair- for some. No matter if you could eat it for days on end or would rather go hungry, there can be few arguments against the fact that "ceviche" is synonymous with "Peruvian food" and is the dish to enjoy this season. |
Peru scored two spots each on the top 10 list.
|
 Over 5,000 people comprised in 120 troupes will march through the streets of Ayacucho (Southern Peru) during the celebration of the traditional carnival, which will be held from 14 - 18 February this year. According to Te�filo Quica�o Malco, assistant manager of Ayacucho's Tourism and Craftwork, this number can increase, considering there are many groups, which have not been confirmed their participation yet.
|
Marketing intelligence firm Euromonitor International published its top 100 world-wide destinations for 2013, ranking Lima at 31st. For a second year in a row, Lima finished in front of other Latin American countries, coming in ahead of BNuenos Aires, Argentina, Punta Cana, Dominican Republic; and Rio de Janeiro, Brazil. |
"My specialty is something different and new," says Eduardo Accostupa.
Accostupa is the Peruvian artist behind Sumaq Design by Eduardo. Born in Peru, Accostupa has been a New Yorker and Westchester resident for over 30 years. You may have encountered his fine jewelry pieces in the Bryant Park holiday shops or seen his work featured on Telemundo.
|
The busiest streets of Trujillo saw a strange space-like suited man and a new potted plant yesterday after a university student recognized World Day for Reducing Emission of CO2.
|
|
|
|
|
Although Ten Top News Peru may include links providing direct access to other Internet resources, including Web sites, the Embassy of Peru is not responsible for the accuracy or content of information contained in these sites. Links from Ten Top News Peru to third-party sites do not constitute an endorsement by the Embassy of Peru of the parties or their products and services. The Embassy of Peru does not endorse either the content or information contained in the selected stories. Furthermore, the stories have been selected based on their circulation in the Web, as trending tropics.
Copyright � Ministry of Foreign Affairs of Peru. All Rights Reserved.
|
|
|
