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Top State Food Functionaries Arrested for Embezzlement

The three officials are currently being held in the Venezuelan intelligence services (SEBIN) headquarters in Caracas (VTV).

Three top officials in key Venezuelan state food corporations have been arrested for embezzling millions of bolivars after it emerged that they had been illegally selling subsidised goods to private sector restaurants, bakeries and supermarkets for huge personal profit.

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The Economist’s Latest Whoppers on Venezuela

Venezuela's President Hugo Chavez (R) gestures next to Nicolas Maduro. Both Venezuelan president have been targets of disho

Joe Emersberger debunks The Economist's latest distorted coverage of Venezuela, including its claims that Venezuelan poverty failed to drop under Chavismo, that Venezuela is the worst performing economy in the world, and that press freedom is under attack. 

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Venezuelan National Assembly Declares National Health Emergency

Medicine shortages have been affecting Venezuela since 2014 (VTV)

On Tuesday Venezuela’s opposition-controlled parliament declared a national emergency in healthcare due to “grave scarcity of medicines and medical supplies, and the deterioration of humanitarian infrastructure.”

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CELAC Meeting: Latin American and Caribbean Heads of State Meet in Quito

Brazil's President Dilma Rousseff waves next to Ecuador's President Rafael Correa ahead of the CELAC head of states me

Twenty-two presidents from around Latin America and the Caribbean are descending on Quito, Ecuador, this Wednesday to discuss regional issues and strengthen Latin American unity and sovereignty in decision making.

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Venezuelan Parliament Blocks Emergency Economic Decree

Venezuela’s National Assembly. (AFP)

Venezuela’s opposition-controlled National Assembly rejected Friday an emergency economic decree that would have granted President Nicolas Maduro special powers to confront the country’s worsening economic crisis.

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How Bad is Venezuela's Economic Situation?

(AVN)

Ryan Mallett-Outtrim runs readers through an indepth breakdown of the current economic situation in Venezuela. He argues that despite the dire outlook, not all is lost.

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Venezuelan Central Bank Releases Inflation Data after Year-Long Gap

Accumulated inflation rates for 2014 and 2015. (Venezuelan Central Bank)

The Venezuelan Central Bank has released data relating to the country’s debt and accumulated inflation rates after keeping the numbers under wraps since December 2014, on the grounds that the country is at war.

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Venezuela’s Maduro Delivers 2016 State of the Union Address

(archives)

In his speech, Maduro derided Venezuela’s private sector for neglecting to invest in national industry and waging a “speculative” war against the country’s economy. He also pledged to continue his governments socialist agenda into 2016 - despite an opposition controlled legislature.

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Venezuela Unveils Emergency Economic Decree to Confront Deepening Crisis

Venezuelan Vice-President for economy Luis Salas announces the emergency economic decree. (AVN)

The Venezuelan government of Nicolas Maduro unveiled an emergency economic decree Friday, which, pending its approval by parliament, would grant the executive sweeping powers to pass legislation aimed at tackling the country’s deep economic crisis.

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New Agriculture Minister Launches Bid to Cut Import Dependency

The new measures are the first actions taken by new Minister of Agriculture and Land, Wilmar Castro Soteldo (AVN).

Venezuela’s new Agriculture and Land Minister, Wilmar Castro Soteldo, launched a string of measures this past Saturday in a bid to get the country’s national food production back on track.

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