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The Peruvian economy is expected to grow between 3.5 and 4.5 percent this year, rising to 5.5 percent in 2016, the finance ministry said on Thursday. The trade deficit is seen at around $2.3 billion in 2015, higher than the previous forecast for just over $2 billion, while the fiscal deficit is now expected to be the equivalent of around 2 percent of gross domestic product. More: Peru Economy to grow around 5.5% between 2016 - 2018 |
The number of measures the Executive Branch has submitted to the Congress to encourage consumption and public investment will inject more than S/.5 billion (about US$1.6 billion) into Peruvian economy, that is 0.8% of GDP, informed Peru's Minister of Economy and Finance.
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Only Peru and Chile will "experience" an economic "rebound" in Latin America the current year, despite the difficult economic situation the region goes through given the decline in commodity prices, which will have a negative impact on countries: Argentina, Brazil and Venezuela, the International Monetary Fund projected.
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Peru's Minister of Transport and Communications Jose Gallardo Ku said the Lima Metro Line 2 construction will begin in May and will include 27 stations to benefit users of ten districts along the capital city.
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The Lima's Metro Line 3 will be built underground, as will the Line 2 because it will go through areas, where the maximum demand is located, the Minister of Transport and Communications Jose Gallardo said.
"Lima's Line 3 has to be underground because the success of a train is to go through areas where the maximum demand is located," he told.
If a metro system designed for Lima goes through the areas that concentrate the highest demand, as it is projected, it should to be underground.
Line 3 will be in higher demand than the previous ones, since it is expected to transport around 2 million passengers daily.
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Arequipa region exporters will be able to increase their shipments to Brazil directly through the Interoceanic Highway and, therefore, take greater advantage of this corridor, said Minister of Foreign Trade and Tourism Magali Silva.
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Peruvian precious metals miner Buenaventura reported first-quarter net income of $17.3 million on Wednesday, well above its $16.1 million loss in the same period a year ago.
The result was below the $37 million estimate of one analyst who recorded the forecast with Thomson Reuters I/B/E/S.
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For the first time, Peru participates in Africa's most important agro-exporters gathering event the "10th Edition of the International Agriculture Show in Morocco (SIAM)," the Ministry of Foreign Affairs of Peru announced.
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Come with friends and family to enjoy our hospitality ! On Saturday our Embassy open its doors ! SAVE THE DATE 10:00 - 4:00 PM
MUSIC - ART - FOOD - HANDICRAFTS
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| International Cooperation |
Spanish Cooperation in Peru has approved a US$72 million fund to finance drinking water works in vulnerable high Andean regions, it was reported.
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A group of Navy cadets will initiate a training trip on board the Peruvian Navy's BAP "Villavisencio" (FM-52) missile frigate on Saturday.
Those will sail into ports located in Colombia, Canada, Ecuador, Mexico, United States and Panama, the Peruvian Navy announced.
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Peru and Chile will restore good bilateral relations and take them to the level they were at, given that claims on espionage case have been satisfied, former Foreign Affairs Minister Jose Antonio Garcia Belaunde said.
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U.S. Ambassador to Peru Brian A. Nichols highlighted the "constant effort" undertaken by the Peru aimed at reducing poverty and achieving economic growth.
He made remarks when addressing the poverty reduction rate achieved in Peru last year. According to the National Institute of Statistics and Informatics (INEI), Peru's poverty rate was reduced from 23.9% (2013) to 22.7% (2014).
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A leading light of Peruvian literature for four decades, Carlos Calder�n Fajardo was renowned, prolific, and gifted with "infinite imagination". |
A new lodge set in the Peruvian Andes celebrates local produce and culinary inventiveness. Paul Richardson tucks in.
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 A ten-year-long partnership of chefs, community, and government is successfully putting Peru's distinctive flavours out there, meaning more jobs and prosperity.
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More than 800,000 tourists will travel within the country during the long weekend of Labor Day 2015, injecting US$78 million into the national economy, Peru's Minister of Foreign Trade and Tourism (Mincetur) Magali Silva reported.
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Peruvian water skier Delfina Cuglievan established a new Latin American record in the Slalom modality (Open category). The athlete managed to go around 5.5 buoys (11m. rope) at the "Last Tournament" held last weekend in Acapulco, Mexico. "This record is a new personal goal achieved. Now I have to concentrate on the National Tournament set to start this weekend [...]," Cuglievan told. Athletes from Brazil, United States, Spain, Peru and Mexico also participated in this water ski event. |
 The 2016 Dakar Rally will feature 4 stages in Peru, 2 in Bolivia and 8 in Argentina, the organizers of the event announced.The relevant tourist attraction known as the Titicaca Lake will also be included in the route.
On January 3, the race will kick off in Lima and come to an end in Rosario (Argentina) on January 16.
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 Independent analysis of press freedom in 199 countries shows that the media in Peru face ever greater risks.
"In the wake of violence and intimidation aimed at journalists by government officials and criminals... Ecuador, Honduras, Mexico, Peru, and Venezuela, have received their worst scores for press freedom in a decade," the report says.
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 Peru's oldest woman, Filomena Taipe, on Sunday died of age at 117, the Ministry of Development and Social Inclusion said Monday. Taipe, who was born in 1897 in the town of Pucuto, Acoria, in the southern Andean region of Huancavelica, credited natural food for living beyond her years.
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