ESPACIO PUBLICITARIO
CARACAS, Friday October 11, 2013 | Update
 
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Direct foreign investment up 44% in Venezuela

EL UNIVERSAL
Friday October 11, 2013  11:55 AM
According to the Economic Commission for Latin America and the Caribbean (Eclac), direct foreign investment in Latin America and the Caribbean recorded a moderate 6% growth over the first half of the year, favored by the purchase of Mexican brewery plant Modelo, Reuters reported.

As for Venezuela, the country recorded a 44% increase in the inbound direct foreign investment.

Over the last decade, Latin America has stood out as the main destination for investors, backed up by consistent growth, high prices of exported raw material, and dynamic domestic consumption.

As for the outbound direct foreign investment, the Eclac reported a 74% decline, among the 10 countries of the region that submitted data. This could change in the second half of the year, when two Chilean enterprises, a Colombian, and a Mexican would be purchased.

Venezuela registered a 42% drop in outbound direct foreign investment.
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