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Venezuela Launches Agricultural Development Plan

Agrarian Socialism is the goal of the Venezuelan government's new Integral Agricultural Development Plan 2007-2008, announced the vice-minister of Agro-productive Circuits Tatiana Pugh.

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Venezuela’s Monthly Inflation Drops to Lowest Level in 19 Years

The anti-inflationary policies of the Venezuelan government have lowered the inflation rate for March, according to an announcement made by President Hugo Chávez yesterday. The final rate for the month of March was - 0.7%, the lowest in 19 years, thanks to government policies such as the reduction of the value-added tax.

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Former Opposition Governor Escapes from Venezuelan Prison

The ex-Governor of Venezuela’s Yaracuy state, Eduardo Lapi, escaped from prison in the early morning hours on Sunday. The former opposition governor was being held on charges of corruption since May of last year.

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Venezuela and China Strengthen Strategic and Economic Alliance

Venezuela is currently selling approximately 200,000 barrels of oil per day to China, announced the Chinese Ambassador to Venezuela yesterday. This figure is expected to increase to 300,000 barrels by the end of the year. Also, the two countries set up a joint investment fund of $6 billion.

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Venezuela to Introduce Local Currencies

Venezuela’s President Hugo Chavez said yesterday that his government would like to introduce local currencies in communities, so as to help their development and to alleviate poverty. Local currencies would allow people to exchange goods and services without needing the national currency to enable such transactions.

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Venezuela Lets In Canadian Mining Company

Gold Reserve Inc. stunned a skeptical market yesterday after winning a key permit to mine a significant gold-and-copper reserve in Venezuela. The company's long-term plan will be hashed out with the help of a non-governmental organization and area residents.

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Telecom Minister: New Channel Will Be First True Public TV in Venezuela

Venezuela’s Telecommunications Minister, Jesse Chacón, said today that the TV channel that will replace RCTV, whose broadcast license expires May 27, will be the country’s first true Public TV channel, modeled after European TV.

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Venezuela’s Electoral Council Initiates 19 Additional Recall Procedures

Venezuela’s National Electoral Council approved requests to initiate recall procedures against 19 more elected officials. Also, the Council announced that signatures in support of recall referenda will be collected June 16 to 18.

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Chavez Denounces Effort to Give Venezuelans Political Refugee Status in the U.S.

Five Representatives of the U.S. Congress asked President Bush to give temporary legal status to Venezuelan immigrants in the U.S., claiming that "there exists a dictatorship in Venezuela." President Hugo Chávez responded yesterday, accusing the United States of developing an international campaign against him.

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Chavez Announces Takeover of 16 Estates for Venezuela’s Land Reform

Sixteen landed estates will be expropriated for Venezuela’s land reform program, announced President Hugo Chavez yesterday, during his television program Alo Presidente. The total area of land that will thus become available for redistribution to peasants and agricultural cooperatives will exceed 330,000 hectares.

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Chavez Launches Formation of Unified Socialist Party of Venezuela

In front of more than two thousand "promoters" for the Unified Socialist Party of Venezuela yesterday, President Hugo Chávez called for all the political parties that support him to unite behind the new party. These "promoters" will carry out the first stage in the formation of a united pro-government party by the end of the year.

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Activists Ask Bono to Help Shoot Down Video Game About Venezuela

Dozens of organizations are asking Bono, the lead singer of the rock group U2, to stop production of Mercenaries 2: World in Flames, a violent video game in which players become hired mercenaries who invade Venezuela, where a tyrant has tampered with the country's oil supply.

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Venezuela Announces Sale of $5 Billion in PDVSA Bonds

President Hugo Chávez announced the launch of $5 billion in PDVSA bonds, which will be sold to domestic investors starting on Monday. the sale is expected to meet strong demand and will soak up excess cash in the economy and lower inflation.

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Venezuelan Electoral Authority Approves 28 Requests for Recall Referenda

Venezuela’s National Electoral Council announced that it had approved of 28 requests for the initiation of recall referenda against governors and mayors. The Council’s president, Tibisay Lucena, announced the decision yesterday.

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Trinidad and Tobago Signs Energy Agreement with Venezuela

Venezuelan President Hugo Chávez and the Prime Minister of Trinidad and Tobago, Patrick Manning met in Caracas yesterday to sign an energy agreement between the two oil producing countries. Despite previous conflicts regarding regional energy agreements, the two nations took a historical step forward in terms of economic integration.

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