For the first time, Peru will host the meeting of the most important national and international figures in Longboard. This championship will take place in the district of Huanchaco in the province of Trujillo (La Libertad). The organizers have informed us that the tournament named “Huanchaco Longboard Pro – Perú 2010” , will ...[+]

By: Johan van Ginhoven The purchase of cement factory Lafarge Chile by the Peruvian Brescia group, in a transaction involving $555 million dollars, is the largest investment made by a Peruvian company in Chile, according to the Chilean press, which will permit the Brescia group acquire a 34% share in the Chilean cement market, followed by ...[+]

Por: Johan van Ginhoven Bank loans will grow between six and ten percent this year, anticipating a surge in the second semester after very little growth in the first semester, according to the Banking Association (Asbanc). Loan placement grew more than 30% last year, when gross domestic product (GDP) surged to almost 10%. Nevertheless, in the first semester ...[+]

By:Johan van Ginhoven Remittances from Peruvians living in Spain to their families in Peru have not been affected greatly, in frequency or in sum per remittance, according to a survey. The average sum per remittance stays around 220 Euros, although due to a slight drop in its frequency (which is more than 10 times per year), the ...[+]

By: Johan van Ginhoven These 40,000 hectares of oil palm during 2010 will serve to obtain the raw material needed to produce biodiesel that should be mixed with diesel. This should permit the local biodiesel industry to produce the needed biofuel required to comply with the mandatory mix of 5% starting in 2011. Ronald Campbell, general manager ...[+]

By: Johan van Ginhoven Credit Suisse, investment bank, projected that the Peruvian economy will be the only one in Latin America to register growth estimated at 3% at the end of 2009. Additionally, expansion next year will be 5%, one of the highest in the world. They said that contraction of the regional economies, besides Peru, will be ...[+]

By: Johan van Ginhoven Peru’s principal exports of agricultural products could access the European Union’s markets without customs duties and immediately, after the advances made in the IV Round of Negotiations held in Colombia in mid June, informed the Ministry of Agriculture (Minag). The products of main interest for Peru are practically exempted though there are still ...[+]

By: Johan van Ginhoven June 15 . – The Peruvian Government and some representatives of the Amazonian native communities started on Monday a dialogue to search a way to stop strong protests by the natives, who claim the repeal of laws that affect their territories. In a first approach, after confrontations that left 34 dead over a ...[+]

By: Johan van Ginhoven June 15. – The Peruvian economy suffered its first fall since June 2001, affected by a contraction of the sectors linked to internal demand, at a time when the global financial crisis is hitting the country, according to the Government. Peruvian economic activity fell 2.01 percent in April compared to the same month ...[+]

May 14, 2009 17:58 Peru could grow 5% next year, led by the construction sector, the Ministry of Economy projected. The growth of Peru’s Gross Domestic Product (GDP) could pick up in the latter month’s of this year to end at 3.5%, led principally by the aggressive public investment plan that the Covernment has implemented nationally, ...[+]

May 14, 2009 09:51 Fitch, credit rating agency, emphasized yesterday the country’s economic outlook in the face of the international crisis. The Ministry of Economy and Finance (MEF) underscored that Fitch Ratings, a credit rating agency, had ratified Peru’s investment grade qualification, even though it had reduced it to other countries in the midst of the ...[+]

Mayo 14, 2009.- According to Export Development Canada (EDC), the bilateral Free Trade Agreement (FTA) will strengthen the countries’ relations. Commercial exchange between both countries could grow to $ 3,450 million dollars (15%) in 2009, 10 to 15% over 2008, declared EDC’s president Eric Siegel. EDC is the Export Credit Agency of Canada’s government that offers innovative ...[+]