economy

Peru to Tax Netflix, Uber and other Digital Companies

Peru plans to tax sales made by digital companies such as Netflix and Uber. SUNAT would like for the measure to pass by emergency decree.

Peru to Spend $29 Billion in National Infrastructure Projects

The plan, presented in September by President Vizcarra, aims to bridge the gap in public spending on telecommunication and transportation projects.

Strong Ties with U.S. Generates Exports and Tourism Growth

PROMPERU highlights the continued strong economic relationship with the U.S., generating growing numbers in tourism and Peruvian exports.

50% of companies in Peru have Venezuelan workers

50% of companies in Peru have Venezuelan workers, according to the Survey Challenges and Opportunities for Migration in the Peruvian Business Sector, developed by Aptitus and the NGO Acción contra el Hambre.

Unemployment reaches its highest level in six years and hits 420,900 people

Unemployment in Metropolitan Lima continues to increase, according to RRP Noticias, and it has reached its highest level in almost six years.

18% of young people in Peru do not study or work

The National Secretariat of Youth in Peru revealed that 25% of the population is made up of young people between 15 and 29 years old and 18% of them do not work or go to school.

Peru projects that pisco production will close 2019 with a record 7.4M liters

The Ministry of Production (Produce) estimated that formal pisco production would amount to 7.4 million liters this year, registering a growth of 6.5% compared to 2018.

USA evaluates changes in the labeling of pisco from Peru

The US Office of Taxation and Commerce of Alcohol and Tobacco (TTB) evaluates new provisions for the labeling and marketing of wines, malt beverages and distilled liquors, such as pisco.

Peruvian Government evaluates that “trans fats” products pay taxes

The Ministry of Health (Minsa) in coordination with the Ministry of Economy and Finance (MEF) is considering adding a Selective Consumption Tax (ISC) to products that contain trans fats.

Big Macs Are Cheaper In Peru Than In The United States

In Peru, the iconic Big Mac from McDonald’s is cheaper than in the United States, according to the Big Mac index, published every six months by the British magazine The Economist.

Alpacas Are An Important Part Of Peru’s Textile Industry

The textile industry, subjected throughout the planet to the relentless competition of Asia, is betting in Peru for the coveted wool of its Andean alpacas, whose flourishing sustainable production generates employment and added value, said Gestión.