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Aerial view of Lima, Peru. (Photo: peruturismoyviajes)
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Peru is expected to have the lowest inflation rate and the highest gross domestic growth rate among eight countries in the region, according to the Inter-American Development Bank (IDB).
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Petroperu's board of directors decided to not continue with the process after a technical and economic evaluation of acquiring the assets, a spokesman from the Ministry of Energy and Mines said. Petroperu said it would prioritize its current investment projects rather than purchasing assets from Repsol.
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Peru's state-run energy firm said on Thursday it will not buy a stake in the local assets of Spanish oil firm Repsol, following a wave of criticism that President Ollanta Humala was trying to meddle in the economy.
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Peru's exports are expected to rise about 6.0% this year compared with last year, with raw materials making up the largest part of those sales, Peru's trade and tourism minister said.
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Energy Development Corp., the country's biggest geothermal producer in the Philippines, has formed a company that will explore and develop a geothermal concession area in Peru.
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Peru's state-owned water utility Sedapal, serving Lima and the city of Callao, will develop an integrated geographic information system in order to save operational expenses and increase efficiency by improving customer service and communication among its operators.
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 Ecuador and Peru on Thursday temporarily recalled their ambassadors after relations between the neighbors soured following a supermarket brawl in Lima involving Ecuador's envoy to Peru and female shoppers.
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 The two-plus-two meeting, which will run until Friday, brings together foreign ministers of Chile, Alfredo Moreno, and Peru, Rafael Roncagliolo, as well as the Ministers of Defense, Rodrigo Hinzpeter and Pedro Cateriano, Prensa Latina reported.
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 Blair, who is special envoy for the Quartet on the Middle East (the UN, US, EU and Russia), plans to attend a meeting of Latin American entrepreneurs in Lima on Friday.
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Peru's blueberry industry is very young compared to the likes of Chile or Argentina, but the fruit has been gaining ground in the Andean country were crops like asparagus, grapes, avocado and citrus have achieved renown. At the International Blueberry Organization (IBO) Summit in Santiago de Chile last week, two speakers from this emerging sector gave their insights into blueberry cultivation in Peru's northern and southern coastal regions.
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The main attractions of Peruvian Amazon region will be promoted to over 20 foreign tour operators at Fam Trip Rio Amazonas 2013 to be held in Loreto, Peru.
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