Skip to Navigation

News

Venezuelan Economy Shows Continued Growth

The Venezuelan economy has had a continuous annual growth rate of 12.6 percent for the last three and a half years Venezuela's Development Minister Jorge Giordani reported today.

» read more

Venezuela’s New Channel 2 is Officially Announced

Venezuelan President Hugo Chavez issued the decree today by which the new television channel that will replace the opposition-oriented RCTV. According to the decree the new channel, known as TEVES, will not generate programming itself, but will exclusively broadcast independently produced programs.

» read more

Venezuela Buys Controlling Stake in Main Telecomm Co.

President Hugo Chavez's government on Wednesday said it has bought a controlling stake in Venezuela's largest telecommunications company, CANTV, for $1.3 billion as the country moves ahead with its nationalization drive.

» read more

Latin American Countries Condemn the Liberation of Posada Carriles

Venezuela, along with other Latin American countries, condemned today the United States court decision to allow the international terrorist Luis Posada Carriles walk free. Venezuela, Nicaragua, and Cuba, as well as several Democrats in the U.S. Congress demanded that Posada be tried or extradited on charges of terrorism.

» read more

Venezuelan Workers Demand Nationalization of SIDOR Steel Plant

Workers held protests outside the SIDOR steel plant in Puerto Ordaz yesterday, demanding that the government nationalize the company. Last Thursday, Venezuelan President Hugo Chavez had warned that he might nationalize the Argentinian-owned company.

» read more

Judge Dismisses Charges Against Posada Carriles

A US judge on Tuesday dismissed all charges against Cuban exile Luis Posada Carriles, who is accused in Venezuela and Cuba of acts of terrorism.

» read more

Venezuela Accuses U.S. DEA of Being a “Drug Cartel”

The Venezuelan government responded yesterday to United States Drug Czar John Walters' criticisms that Venezuela is not cooperating with the United States in the fight against drugs by saying that the U.S. Drug Enforcement Agency is a "drug cartel."

» read more

United Socialist Party of Venezuela Holds Membership Drive

Thousands of Venezuelans came out yesterday in Caracas and in four other Venezuelan states to register for the new United Socialist Party of Venezuela. To emphasize the importance of the new party, President Hugo Chavez canceled his weekly TV program Aló Presidente yesterday in order to register himself in the new party.

» read more

Venezuela Strengthens Support for Industry, Announces Possible Nationalizations

Venezuelan President Hugo Chávez announced the possibility of new nationalizations, including private banks and the steel industry, at an event to celebrate the industrial program Fábrica Adentro yesterday.

» read more

Venezuela Takes Control of the Orinoco Oil Reserves

The Venezuelan government took control of the Orinoco oil installations yesterday, completing the process of “re-nationalization” of the nation's oil reserves. Energy Minister Rafael Ramírez took formal control of the installations in a symbolic event at midnight on April 30th. Venezuelan President Hugo Chávez then led another event on May 1st

» read more

Competing May Day Demonstrations in Venezuela (Again)

Just as in previous years, two Venezuelan union federations organized competing demonstrations in support of the May 1 International Workers’ Day. While the pro-government demonstration attracted more marchers, it appeared more divided than the smaller anti-Chavez demonstration.

» read more

Venezuela: 20% Minimum Salary Raise, Withdrawal from World Bank and IMF

Venezuelan President Hugo Chavez announced yesterday that the country’s minimum wage would be raised by 20%, to $286 per month, and that Venezuela would withdraw its membership from the World Bank and the International Monetary Fund. Also, Chavez said that by 2010 the Venezuelan work week will be lowered from 44 to 36 hours.

» read more

ALBA Summit Creates New Model for Latin American Integration

The Fifth Summit of the Bolivarian Alternative for the Americas (ALBA) finished Sunday with important agreements to form a new model of integration for Latin America. Heads of state from Bolivia, Nicaragua, Cuba, and Haiti left Venezuela today after signing several strategic agreements and establishing a formal organizational structure for ALBA.

» read more

5th ALBA Summit in Venezuela Strengthens Regional Integration

With an eye toward the integration and development of their countries, the leaders of Bolivia, Cuba, Venezuela, Nicaragua, and Haiti met this weekend in Venezuela for the 5th ALBA Summit. Among the many proposals, Venezuelan President Hugo Chávez proposed the extension of the Venezuelan health and education programs to all the nations of ALBA, as well as supplying all of their energy needs.

» read more

Oil Companies Give Venezuela Control

Four major oil companies on Wednesday agreed to cede control of Venezuela's last remaining privately run oil projects to President Hugo Chavez's government, but ConocoPhillips resisted, prompting warnings that its fields could be taken over outright.

» read more

Syndicate content