Companies Of Venezuela
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Companies Of Venezuela
Venezuela is a federal republic located on the northern coast of South America. Oil was discovered in the early 20th century and, today, Venezuela has the world's largest known oil reserves and has been one of the world's leading exporters of oil. Previously an underdeveloped exporter of agricultural commodities such as coffee and cocoa, oil quickly came to dominate exports and government revenues. The 1980s oil glut led to an external debt crisis and a long-running economic crisis. Inflation peaked at 100% in 1996. As (by 1998) per capita GDP fell to the same level as 1963, down a third from its 1978 peak. The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. A destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in poverty, disease, child mortality, malnutrition, and crime. Notable firms This list includes notable compani ...
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Venezuela (orthographic Projection)
Venezuela ( ; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the no ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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Aeropostal Alas De Venezuela
Aeropostal Alas de Venezuela C.A. is a state-owned airline of Venezuela based in Torre Polar Oeste in Caracas, Venezuela. It operates domestic services and international services in the Caribbean. Its main base is Simón Bolívar International Airport. The airline ceased operations on September 24, 2017, after 88 years of service due to its financial position. On August 8, 2018, the company announced that it would begin scheduled service again, first to Havana, Cuba with three weekly flights. History Early history Venezuela was one of the first South American nations to resort to commercial aviation as an effective means of transportation. In 1929, the French company Aéropostale (known as ''Lignes Aériennes Latécoère'' until 1927), then under the leadership of its owner Marcel Bouilloux-Lafont, arrived in Venezuela. Aéropostale viewed Venezuela as the ideal bridge to link South America with the Caribbean islands of Guadeloupe and Martinique. This idea materialized on ...
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Maiquetía
Maiquetía is a city located in the Central Region of Venezuela, in the state of Vargas. It is at approximately 19 m above sea level on a small shelf between the Caribbean and the mountains behind it. Caracas, the Venezuelan capital, is approximately 37 km to the southeast. Maiquetía is mainly a commercial center. The historic center has many narrow streets lined with stores and a market. The main road in this part of the city is the Avenida Carlos Soublette. The recent geopolitical divisions in Vargas makes Maiquetía no longer include the Simón Bolívar International Airport, the most important one in the country and the commercial airport serving Caracas. Conviasa, the Venezuelan flag carrier airline, is headquartered in the city. Even though the airport is now in the state of Vargas, it has kept the name Maiquetía, which cause some confusion among locals and foreigners alike. The city forms a conurbation with La Guaira with which it is linked via Avenida Soublette. ...
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Aero Ejecutivos
AeroEjecutivos C.A. was a Venezuelan scheduled and charter regional airline headquartered in Maiquetia and based at Óscar Machado Zuloaga International Airport. Destinations As of September 2006, the airline operated scheduled services to: * ** Canaima ( Canaima Airport) ** Caracas ( Óscar Machado Zuloaga International Airport) Hub **El Yavi (El Yavi Airport) **Los Roques ( Los Roques Airport) Fleet AeroEjecutivos is one of the few airlines in South America and the only one in Venezuela to fly classic aircraft in their normal scheduled flights. *1 Beechcraft Model 18 *1 Convair CV-440 *4 Douglas C-47 Skytrain *2 Douglas C-118A *4 Douglas DC-3A *1 Learjet 25C Accidents and incidents *On December 25, 1985, a Douglas C-47D (registered YV-425C) ditched off following a double engine failure in flight, the crew was forced to ditch the aircraft that came to rest off Cumana. There were no casualties while the aircraft sank and was lost. *On September 18, 1992, a Douglas ...
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Caracas
Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the northern part of the country, within the Caracas Valley of the Venezuelan coastal mountain range (Cordillera de la Costa). The valley is close to the Caribbean Sea, separated from the coast by a steep 2,200-meter-high (7,200 ft) mountain range, Cerro El Ávila; to the south there are more hills and mountains. The Metropolitan Region of Caracas has an estimated population of almost 5 million inhabitants. The center of the city is still ''Catedral'', located near Bolívar Square, though some consider the center to be Plaza Venezuela, located in the Los Caobos area. Businesses in the city include service companies, banks, and malls. Caracas has a largely service-based economy, apart from some industrial activity in its metropolitan ar ...
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Industry Classification Benchmark
The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 11 industries, partitioned into 20 supersectors, which are further divided into 45 sectors, which then contain 173 subsectors. The ICB is used globally (though not universally) to divide the market into increasingly specific categories, allowing investors to compare industry trends between well-defined subsectors. The ICB replaced the legacy FTSE and Dow Jones classification systems on 3 January 2006, and is used today by the NASDAQ, NYSE and several other markets around the globe. All ICB sectors are represented on the New York Stock Exchange except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990). Dow Jones divested itself of its 50% interest in the ICB in 2011 and announced it was cre ...
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Headquarters
Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities. In the United Kingdom, the term head office (or HO) is most commonly used for the headquarters of large corporations. The term is also used regarding military organizations. Corporate A headquarters is the entity at the top of a corporation that takes full responsibility for the overall success of the corporation, and ensures corporate governance. The corporate headquarters is a key element of a corporate structure and covers different corporate functions such as strategic planning, corporate communications, tax, legal, marketing, finance, human resources, information technology, and procurement. This entity includes the chief executive officer (CEO) ...
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Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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