Venezuela's economy saw a year-over-year growth of 9.3% in the first quarter of 2025, according to the country's central bank. This marks a slight increase compared to the 9.1% growth rate recorded in the same period last year.
The central bank's report, released on Thursday, also highlighted a significant 18.23% rise in Venezuela's oil activity during the first quarter, reflecting a continued recovery in the country’s key oil sector. Despite this growth, analysts caution that the country's economic outlook for the remainder of the year may be negatively impacted by the intensification of U.S. sanctions.
These sanctions, which have been a long-standing source of economic pressure, include a new deadline of May 27 for foreign partners of state oil company PDVSA to cease operations. Additionally, new tariffs on oil and gas exports could further strain Venezuela’s economic performance.
While the government has repeatedly blamed sanctions for the country’s ongoing economic difficulties, the reported growth in both the overall economy and the oil sector suggests some resilience in the face of these external pressures.
The Venezuelan economy continues to navigate the complex landscape of international sanctions, internal reforms, and oil market fluctuations, with much uncertainty surrounding its future growth prospects.
Venezuelan President Nicolás Maduro announced Thursday that more than 50 individuals have been arrested in connection with an alleged plot to sabotage the country’s regional and parliamentary elections scheduled for Sunday, May 25.
The U.S. Supreme Court issued an order early Saturday blocking the deportation of alleged Venezuelan gang members from Texas under the Alien Enemies Act, a wartime law from 1798.
Azerbaijan and Venezuela have reaffirmed their commitment to strengthening bilateral ties, following high-level talks on economic, political, and multilateral cooperation at the Antalya Diplomacy Forum.
Dozens of Venezuelan migrants have been repatriated from the U.S. under a bilateral agreement with Caracas.
China has strongly criticized U.S. President Donald Trump's recent executive order, which threatens to impose a 25% tariff on all goods imported to the U.S. from any country that imports oil from Venezuela.
A total of 270 Ukrainian prisoners of war and 120 civilians have been handed over to Ukraine by Russia as part of a large-scale prisoner exchange, in line with Russian-Ukrainian agreements, the Russian Defense Ministry said on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
In a region long defined by conflict and complex history, AnewZ set out to hear the voices that matter most- those of the people.
AnewZ and Kazakhstan’s Jibek Joly/Silk Way TV channel co-hosted a special AnewZ Talks in Astana at Maqsut Narikbayev University (MNU), uniting global experts and young leaders at Silk Road Media Group’s journalism school to explore the growing intersection of media and diplomacy.
A total of 270 Ukrainian prisoners of war and 120 civilians have been handed over to Ukraine by Russia as part of a large-scale prisoner exchange, in line with Russian-Ukrainian agreements, the Russian Defense Ministry said on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
A total of 270 Ukrainian prisoners of war and 120 civilians have been handed over to Ukraine by Russia as part of a large-scale prisoner exchange, in line with Russian-Ukrainian agreements, the Russian Defense Ministry said on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
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