The president of the consumer protection agency that enforces government price controls, Eduardo Saman, has announced a tough new approach against price speculators, declaring, “Their fun is over”.
The Food and Agriculture Organization of the United Nations (FAO) recognized Venezuela as one of 18 countries that had achieved exceptional progress toward reducing the prevalence of malnutrition at its headquarters in Rome earlier today.
The Venezuelan government and university representatives have agreed to salary and benefit increases for university employees in three increments, Minister for University Education Pedro Calzadilla announced on Friday night.
The first operational meeting of the Bank of the South (Banco del Sur) was held in Caracas on Wednesday, amid calls for more Latin American nations to join the initiative.
Venezuela has recorded its highest monthly inflation rate since current measures began five years ago, provoking divergent analyses of the country’s economic situation.
As Venezuela continues to suffer shortages in many key food items and a dependence on food imports, some officials are pointing poor land utilization as a key cause of the problem.
As a response to increased shortages of basic goods in recent weeks, the Venezuelan government has announced it is in dialogue with members of the private sector and is taking measures to increase domestic production.
During a speech on Saturday, Venezuelan President Nicolas Maduro blamed food shortages on an “economic war” from the Venezuelan private sector, and assured the government is taking measures to resolve the issue.
The Venezuelan government appointed new management and renewed investment in the state-owned conglomerate Corporacion Venezolana de Guayana (CVG) and its subsidiaries, in efforts to raise production in Venezuela's industrial sector.
On Monday President Nicolas Maduro explained the outcomes of the government’s first “Street Government” carried out in Zulia state, including the recovery of Maracaibo Lake, expanding a wind farm, and a new newspaper.
