According to Venezuelan president Hugo Chávez, the economic and political strategic alliances built and strengthened by Venezuela over the last 12 years will help the country to face the blows of the world economic crisis from a stronger position.
Ensuring access to affordable meals with good nutritional value, the Venezuelan government opened its 39th affordable restaurant nationally last Monday in the neighborhood of San Jose in the capital city of Caracas.
On Wednesday, Venezuelan Minister of Planning and Finances, Jorge Giordani, reiterated comments made by other members of the ruling socialist party that their country’s people and economy are largely protected from the global economic crisis thanks to the socio-economic policies of Venezuelan President Hugo Chavez.
This past Friday, economic ministers from the Union of South American Nations’ (UNASUR) member states met in the Peruvian capital to discuss the current unstable economic climate in the U.S. and Europe.
On Wednesday Venezuelan President Hugo Chavez announced that he will use his existing legislative authority to create the Insular Territory of Miranda off the country's northern Caribbean coast, a territorial zone that includes Los Roques, La Orchila and the Archipelago Las Aves.
This Tuesday the Venezuelan National Assembly officially approved the country’s new “Sport, Physical Education and Activity Law” after having reached a consensus on three contested articles within the legislation.
Venezuela has the lowest percentage (0.38 percent) of social inequality in Latin America, according a report released by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
OPEC’s proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion barrels led by Venezuela, which has surpassed Saudi Arabia as the group’s largest reserves holder, OPEC said in its Annual Statistical Bulletin.
On Saturday Venezuelan president Hugo Chávez officially approved the issue of 45 billion bolivars (US$ 10.5 billion) in government bonds as set out in the Law of Additional Debt - passed by the National Assembly on the 9th of June.
Trade between China and Venezuela has increased by 50 times in the last decade, which has transformed the Asian country into the second largest trade partner of Venezuela, a fact evidenced by the consolidation of bilateral relations.
Due to increased electricity use as well as the global need to save energy, the Venezuelan government is implementing a number of measures to encourage the private, public, and domestic sectors to reduce usage.
On Sunday President Hugo Chavez began a short tour of Latin America which includes stops in Brazil, Ecuador, and Cuba. On Monday he met with President Dilma Rousseff in Brasilia, Brazil, to strengthen cooperation between the two countries.