Skip to Navigation

News: Economy

As Border Restriction Continues, Venezuelan Officials Cite Positive Results

In the largest cases observed so far, the Fanb detained boats containing 5,500 liters of fuel and 5.2 tons of meat along the Lim

A week into an operation closing Venezuela’s 2,200 km border with Colombia between 10 p.m. and 5 a.m., officials in the Venezuelan government have noted positive results in the prevention of contraband sales.

» read more

In Effort against Contraband, Venezuelan Officials Implement Night-Closing of Colombia Border

According to figures from the Venezuelan state, smuggled goods across the 2,200 km border between the two countries include up t

In an attempt to combat rising border smuggling and contraband sales, Venezuelan officials have decided to close the border between Venezuela and Colombia between 10 p.m. and 5 a.m., a measure announced earlier this week.

» read more

Warnings of Medicine Shortages in Venezuela

Spokespersons from the pharmaceutical industry in Venezuela have warned that shortages of medicines exist in the country’s pha

Spokespersons for the pharmaceutical industry in Venezuela have warned that shortages of medicines exist in the country’s pharmacies, and hope that recent foreign currency allocations for imports will improve the situation.

» read more

Venezuelan President Maduro Proposes to Increase World’s Cheapest Gasoline Price

President Maduro made the proposal at the close of the governing United Socialist Party of Venezuela (PSUV)’s congress last Th

Venezuelan president Nicolas Maduro has proposed to create a consensus around the need to increase the price of gasoline in the South American OPEC nation.

» read more

Venezuela’s Maduro, Colombia’s Santos Agree to New Exchange Rate, Other Accords

Perhaps the most crucial agreement established a new exchange rate between the countries for trade and remittances (EFE)

In a meeting held yesterday in Cartagena, Colombia, Venezuelan president Nicolás Maduro and Colombian president Juan Manuel Santos forged agreements on several topics relating to finance, energy, and social programs.

» read more

Venezuela Highlights Mercosur Bloc’s Advancement in Caracas Summit

Venezuela handed over the pro tempore presidency of the Mercosur commercial bloc to Argentina on Tuesday during the 46th preside

Venezuela handed over the pro tempore presidency of the Mercosur commercial bloc to Argentina on Tuesday during the 46th presidential Mercosur summit in Caracas.

» read more

Venezuela’s Maduro Designated New Party President at III PSUV National Congress

The congress began in Caracas on Saturday and will run until this Thursday (El Universal)

Venezuelan president Nicolas Maduro has been made the United Socialist Party of Venezuela (PSUV)’s new leader. The announcement took place during the governing party’s six day national congress, where political re-organisation and economic reform have been top of the agenda.

» read more

Venezuela Receives US$18 Billion of Chinese Financing, Signs 38 Accords

The new agreements were signed publically by Venezuelan president Nicolas Maduro and Chinese president Xi Jinping in Caracas yes

Venezuela has signed 38 agreements worth US$18 billion with China, signaling a deepening of the two countries’ relations. 

» read more

Venezuela Participates in Gathering of Emerging Powers in Brazil, New Agreements Reached

Participants of the China – CELAC Forum (presidencia de Brasil)

Venezuela participated in the gathering of the BRICS emerging powers and Latin American regional blocs in Brazil this week, where new agreements were hailed as beginning the creation of a new global financial architecture.

» read more

Maduro Extends Planned “Shakeup” of Venezuelan State and Economy

Speaking on his weekly radio show on Tuesday, Maduro said that he would lead “a shakeup of the functioning of the old bourgeoi

Venezuelan president Nicolas Maduro has extended the date upon which significant changes to the government and state administration will be announced.

» read more

Venezuelan Government Takes Measures in Key Economic Areas

As part of the effort to combat shortages and inflation, authorities have been monitoring and inspecting companies to prevent th

While planning macroeconomic reform in a bid to stabilise the economy, Venezuelan authorities are attempting to tackle problems in key economic areas such the supply of goods, labour, and international air travel.

» read more

OAS, Venezuela Declare Solidarity with Argentina in U.S. Hedge Fund Dispute

The Organization of American States (OAS) has declared its solidarity with Argentina in its sovereign debt dispute with a U.S. b

The Organization of American States (OAS) has declared its solidarity with Argentina in its debt repayment dispute with a U.S.-based hedge fund. Venezuela meanwhile has argued that the case underlines the need for a new regional financial architecture.

» read more

Venezuela Promises Reform amid Debate over Economic Direction

In a speech last week about the performance of state oil company PDVSA in 2013, Vice President for the Economy Rafael Ramirez (p

The Venezuelan government has confirmed that it is planning a series of macroeconomic reforms to confront ongoing problems, provoking diverse reactions over the country’s economic direction.

» read more

Venezuela’s Maduro Offers to Bury the Hatchet with Internal Critics

On Friday Venezuelan president Nicolas Maduro offered to renovate his government and bury the hatchet with the former ministers

Venezuelan president Nicolas Maduro has offered to renovate his government and end the dispute with the former ministers who recently criticized his leadership.

» read more

Venezuela’s Economic “Architect” Giordani’s Exit from Government Causes Controversy

Jorge Giordani (AVN)

The dismissal of one of the government’s long standing economic figures, Jorge Giordani, from his ministerial post has caused debate and controversy in the South American country.

» read more

Syndicate content