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.[1] The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s.[2] 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.[3][4]
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
ACO, C.A. | Consumer services | Specialized consumer services | Caracas | 1951 | Car rentals | P | A |
Aero Ejecutivos | Consumer services | Airlines | Maiquetía | 2005 | Airline | P | A |
Aeroexpresos Ejecutivos, C.A. | Consumer services | Airlines | Caracas | 1990 | Passenger and cargo airline | P | A |
Aeropostal Alas de Venezuela | Consumer services | Airlines | Caracas | 1929 | State airline, defunct 2017 | P | D |
Agencia Venezolana de Noticias | Consumer services | Broadcasting & entertainment | Caracas | 1977 | National news agency | S | A |
Alcasa | Basic materials | Aluminum | Ciudad Guayana | 1960 | Aluminium | S | A |
Alimentos La Giralda | Consumer goods | Food products | Caracas | 1944 | Food import, part of Fierro Group (Spain) | P | A |
Alimentos Polar | Consumer goods | Food & beverage | Caracas | 1954 | Production and distribution, part of Empresas Polar | P | A |
Asamblea Nacional Televisión | Consumer services | Broadcasting & entertainment | Caracas | 2005 | State broadcaster | S | A |
Aserca Airlines | Consumer services | Airlines | Valencia | 1968 | Scheduled airline | P | A |
Avensa | Consumer services | Airlines | Caracas | 1943 | Airline, defunct 2004 | P | D |
Avila TV | Consumer services | Broadcasting & entertainment | Caracas | 2006 | State television | S | A |
Avior Airlines | Consumer services | Airlines | Barcelona | 1994 | Airline | P | A |
Avior Regional | Consumer services | Airlines | Caracas | 2015 | Regional airline, part of Avior Airlines | P | A |
Bancaribe | Financials | Banks | Caracas | 1954 | Bank | P | A |
Banco Bicentenario | Financials | Banks | Caracas | 2009 | Bank | S | A |
Banco de Venezuela | Financials | Banks | Caracas | 1890 | Bank | S | A |
Banco Federal | Financials | Banks | Caracas | 1982 | Bank, defunct 2010 | P | D |
Banco Industrial de Venezuela | Financials | Banks | Caracas | 1937 | Bank, defunct 2009 | P | D |
Banco Nacional de Crédito (BNC) | Financials | Banks | Caracas | 1977 | Bank | P | A |
Banco Occidental de Descuento (BOD) | Financials | Banks | Maracaibo | 1957 | Bank, defunct 2022 | P | D |
Banco Venezolano de Crédito | Financials | Banks | Caracas | 1925 | Bank | P | A |
BANDES | Financials | Banks | Caracas | 2001 | Lending bank | P | A |
Banesco | Financials | Banks | Caracas | 1992 | Bank | P | A |
BBVA Provincial | Financials | Banks | Caracas | 1953 | Part of Banco Bilbao Vizcaya Argentaria (Spain) | P | A |
Biblioteca Ayacucho | Consumer services | Publishing | Caracas | 1974 | Publisher | S | A |
Bodegas Pomar, C.A. | Consumer goods | Distillers & vintners | Barquisimeto | 1985 | Wine | P | A |
Bolívar Films | Consumer services | Broadcasting & entertainment | Caracas | 1939 | Film | P | A |
Bolívar TV | Consumer services | Broadcasting & entertainment | Aroa | 2004 | Community broadcaster | P | A |
Buena Televisión | Consumer services | Broadcasting & entertainment | Táchira | 2006 | State broadcaster | S | A |
Calipso TV | Consumer services | Broadcasting & entertainment | Ciudad Guayana | 2003 | Television | P | A |
Camunare Rojo TV | Consumer services | Broadcasting & entertainment | Yaracuy | 2003 | Television | P | A |
Canal Maximo Televisión | Consumer services | Broadcasting & entertainment | Caracas | 1993 | Defunct 2006 | P | D |
CANTV | Telecommunications | Fixed line telecommunications | Caracas | 1930 | State telecom | S | A |
Catia TVe | Consumer services | Broadcasting & entertainment | Caracas | 2001 | Local television | P | A |
Cervecería Polar | Consumer goods | Brewer | Caracas | 1941 | Brewery, part of Empresas Polar | P | A |
Chocolates El Rey | Consumer goods | Food products | Caracas | 1929 | Confectionery | P | A |
Contacto Vecinal TV | Consumer services | Broadcasting & entertainment | José Félix Ribas | 2005 | Community television | P | A |
Cinex | Consumer services | Recreational services | Caracas | 1998 | Theaters | P | A |
Conviasa | Consumer services | Airlines | Maiquetía | 2004 | Airline | S | A |
Coro TV | Consumer services | Broadcasting & entertainment | Coro | 2004 | Local television | P | A |
Corpoelec | Utilities | Electricity | Caracas | 2007 | Power utility | S | A |
Corporación Venezolana de Guayana (CVG) | Basic materials | Aluminum | Ciudad Guayana | 1960 | Mining and aluminum | S | A |
Digitel GSM | Telecommunications | Mobile telecommunications | Caracas | 1995 | Mobile network | P | A |
Ediciones Ekare | Consumer services | Publishing | Caracas | 1978 | Children's publisher | P | A |
El Nacional | Consumer services | Publishing | Caracas | 1943 | Daily newspapers | P | A |
El Universal | Consumer services | Publishing | Caracas | 1909 | Daily newspaper | P | A |
Electricidad de Caracas (EDC) | Utilities | Electricity | Caracas | 1895 | Power utility, defunct 2007 | P | D |
Empresas 1BC | Consumer services | Broadcasting & entertainment | Caracas | 1920 | Broadcasting | P | A |
Empresas Polar | Consumer goods | Food & beverage | Caracas | 1941 | Brewer, other food and beverage | P | A |
Envases Venezolanos | Consumer goods | Glass & tinning | Caracas | 1952 | Packaging | P | A |
Flamingo Televisión | Consumer services | Broadcasting & entertainment | Falcón | 1990 | Local television | P | A |
FM Center | Consumer services | Broadcasting & entertainment | Caracas | 1997 | Radio | P | A |
Fondo Común | Financials | Banks | Caracas | 1963 | Bank | P | A |
Fundacomez | Consumer services | Broadcasting & entertainment | Zulia | 2004 | Local television | P | A |
Galopando TV | Consumer services | Broadcasting & entertainment | Guárico | 2004 | Local television | P | A |
Global TV (Venezuela) | Consumer services | Broadcasting & entertainment | Zulia | 1990 | Local television | P | A |
Globovisión | Consumer services | Broadcasting & entertainment | Caracas | 1994 | Television news network | P | A |
Helados EFE, C.A. | Consumer goods | Food products | Caracas | 1926 | Ice cream, part of Empresas Polar | P | A |
IPOSTEL | Logistics | Delivery services | Caracas | 1978 | Postal services | S | A |
Inter | Telecommunications | Fixed line telecommunications | Barquisimeto | 1996 | Cable | P | A |
Jaureguina TV | Consumer services | Broadcasting & entertainment | La Grita | 2004 | Local television | P | A |
LAI – Línea Aérea IAACA | Consumer services | Airlines | Barinas | 1995 | Airline, defunct 2006 | P | D |
LASER Airlines | Consumer services | Airlines | Caracas | 1993 | Airline | P | A |
La Tele | Consumer services | Broadcasting & entertainment | Caracas | 2002 | Television network defunct, 2015 | P | D |
Línea Turística Aereotuy | Consumer services | Airlines | Caracas | 1982 | Airline | P | A |
MANPA | Consumer goods | Pulp and paper | Caracas | 1950 | Tissue paper | P | A |
Mercantil Servicios Financieros | Financials | Financial services | Caracas | 1997 | Banking, insurance, wealth management | P | A |
Meridiano Televisión | Consumer services | Broadcasting & entertainment | Caracas | 1996 | Sports television, part of Bloque De Armas | P | A |
Michelena TV | Consumer services | Broadcasting & entertainment | Michelena | 2002 | Local television | P | A |
Montaña TV | Consumer services | Broadcasting & entertainment | Táchira | 2004 | Local television | P | A |
Monte Ávila Editores | Consumer services | Publishing | Caracas | 1968 | Publisher | P | A |
Oritvisión | Consumer services | Broadcasting & entertainment | Cedeño | 2004 | Local television | P | A |
PDVSA | Oil & gas | Exploration & production | Caracas | 1976 | State oil & gas | S | A |
PDVAL | Consumer goods | Food & beverage | Caracas | 2008 | Food supply network, part of PDVSA | S | A |
Promar TV | Consumer services | Broadcasting & entertainment | Barquisimeto | 1995 | Regional television | P | A |
Puma TV | Consumer services | Broadcasting & entertainment | Caracas | 1995 | Television, defunct 2007 | P | D |
Quijote TV | Consumer services | Broadcasting & entertainment | Zulia | 2006 | Local television | P | A |
RCTV | Consumer services | Broadcasting & entertainment | Caracas | 1953 | Radio Caracas Televisión Internaciona, part of Empresas 1BC | P | A |
RUTACA Airlines | Consumer services | Airlines | Ciudad Bolívar | 1974 | Airline | P | A |
Sambil | Consumer services | Real estate development | Caracas | 1958 | Retail | P | A |
SBA Airlines | Consumer services | Airlines | Caracas | 1995 | Airline | P | A |
Servivensa | Consumer services | Airlines | Caracas | 1990 | Airline, part of Avensa | P | A |
Sidetur | Basic materials | Iron & steel | Caracas | 1948 | Steel, part of Sivensa | P | A |
SIDOR | Basic materials | Iron & steel | Caracas | 1953 | Steel | S | A |
Siguaraya TV | Consumer services | Broadcasting & entertainment | Acarigua | 2006 | Local television | P | A |
Síragon | Consumer goods | Consumer electronics | Valencia | 2004 | Appliances, computers, cell phones, TVs, white goods | P | A |
Sivensa | Basic materials | Iron & steel | Caracas | 1948 | Steel | P | A |
Sol América | Consumer services | Airlines | Caracas | 1980 | Domestic chartered airline | P | A |
Sonográfica | Consumer services | Broadcasting & entertainment | Caracas | ? | Record label | P | A |
Supermercado De Candido | Consumer services | Retail | Falcón | 1950 | Supermarket chain | P | A |
Survisión | Consumer services | Broadcasting & entertainment | Arzobispo Chacón | 2004 | Local television | P | A |
Tarmas TV | Consumer services | Broadcasting & entertainment | Vargas | 2002 | Local television | P | A |
TELE N | Consumer services | Broadcasting & entertainment | Maracaibo | ? | Regional news, defunct | P | D |
Telesur | Consumer services | Broadcasting & entertainment | Caracas | 2005 | State broadcaster | S | A |
Teletambores TV | Consumer services | Broadcasting & entertainment | Santa Rita | 2002 | Local television | P | A |
Televen | Consumer services | Broadcasting & entertainment | Caracas | 1988 | Television network | P | A |
Televisión Educativa | Consumer services | Broadcasting & entertainment | ? | 2009 | Educational television network | S | A |
Televisora Comunitaria de Rubio | Consumer services | Broadcasting & entertainment | Rubio | 2006 | Local television | P | A |
Televisora de Oriente | Consumer services | Broadcasting & entertainment | Puerto la Cruz | 1992 | Local television | P | A |
Televisora Regional del Táchira (TRT) | Consumer services | Broadcasting & entertainment | San Cristóbal | 1989 | Local television | P | A |
TV Bailadores | Consumer services | Broadcasting & entertainment | Bailadores | 2004 | Local television | P | A |
TV Familia | Consumer services | Broadcasting & entertainment | Caracas | 2000 | Local television | P | A |
TV Llano | Consumer services | Broadcasting & entertainment | San Juan de los Morros | 1995 | Local television | P | A |
TV Puerto | Consumer services | Broadcasting & entertainment | Puerto la Cruz | 2003 | Local television | P | A |
TVS (Venezuela) | Consumer services | Broadcasting & entertainment | Maracay | 1994 | Local television | P | A |
ULA TV | Consumer services | Broadcasting & entertainment | Mérida | 1999 | Regional television | P | A |
Valdez TV | Consumer services | Broadcasting & entertainment | Güiria | 2005 | Local television | P | A |
Vale TV | Consumer services | Broadcasting & entertainment | Caracas | 1998 | Local television | P | A |
Venevisión | Consumer services | Broadcasting & entertainment | Caracas | 1961 | Television network, part of Grupo Cisneros (US) | P | A |
Venezolana de Televisión | Consumer services | Broadcasting & entertainment | Caracas | 1964 | State television network | S | A |
Venezolana | Consumer services | Airlines | Maracaibo | 2001 | Low-cost airline | P | A |
Vensecar Internacional | Consumer services | Airlines | Caracas | 1996 | Cargo airline | P | A |
Vida TV | Consumer services | Broadcasting & entertainment | Táchira | 2003 | Local television | P | A |
VIT, C.A. | Technology | Computer hardware | Falcón | 2005 | Laptops | P | A |
ViVe Televisión | Consumer services | Broadcasting & entertainment | Caracas | 2003 | State television | S | A |
Women's Development Bank | Financials | Banks | Caracas | 2001 | Bank | P | A |
Zamora TV | Consumer services | Broadcasting & entertainment | Villa de Cura | 2004 | Local television | P | A |
Zuliana de Aviación | Consumer services | Airlines | Maracaibo | 1985 | Airline, defunct 2002 | P | D |
Zuliana de Televisión | Consumer services | Broadcasting & entertainment | Zulia | 1998 | Regional television | P | A |
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The Caracas Stock Exchange in the El Rosal district.
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BBVA Provincial headquarters in Caracas.
See also
editReferences
edit- ^ Kelly, Janet; Palma, Perdo A. (2006). "Chapter 10: The Syndrome of Economic Decline and the Quest for Change". In McCoy, Jennifer L.; Myers, David J. (eds.). The Unraveling of Representative Democracy in Venezuela. Johns Hopkins University Press. ISBN 0-8018-8428-4.
- ^ Heritage, Andrew (December 2002). Financial Times World Desk Reference. Dorling Kindersley. ISBN 978-0-7894-8805-3.
- ^ Scharfenberg, Ewald (1 February 2015). "Volver a ser pobre en Venezuela". El Pais. Retrieved 3 February 2015.
- ^ Herrero, Ana Vanessa; Malkin, Elisabeth (16 January 2017). "Venezuela Issues New Bank Notes Because of Hyperinflation". The New York Times. Retrieved 17 January 2017.