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Economy

Venezuelan Conglomerate to Halt Beer Production

Polar supplies 80% of the beer consumed in Venezuela (Reuters).

Venezuela's largest private food company Polar announced it will cease beer production in less than two weeks, alleging inaccessibility to raw materials.  

 

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Venezuelan Oil Minister: US Sabotaged Doha Meeting

Del Pino said that Venezuela would keep working to broker an international oil market stabilisation deal despite Sunday’s outc

Venezuelan Oil Minister Euologio del Pino has accused the US government of deliberately scuppering the efforts of major oil-producing countries to put a cap on global production levels amidst a historic slump in oil prices. 

 

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Chavismo From Below

(Archive)

Eva María talks to Trotskyist party Marea Socialista on why they've broken with Venezuelan President Nicolás Maduro and the path forward for the Bolivarian Revolution. 

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Venezuela's President to Move Into Public Housing Unit, Amid Protests Over Housing Privatization

Thousands of Maduro supporters have rallied in Caracas against proposed reforms to the GMVV. (AVN)

Thousands of Venezuelans protested Thursday against proposed legislation that critics say would privatize the country's public housing sector, while President Nicolas Maduro said he himself hopes to move into a public housing unit.

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Former Minister Presents Alleged Cases of Corruption by Top Officials Before National Assembly

Former Minister of Electrical Energy and Education Héctor Navarro (Aporrea tvi)

Ex-minister Héctor Navarro spoke before legislators Wednesday to denounce alleged cases of corruption by government officials.

 

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Venezuela to Export Marble as US Oil Contractor Reduces Operations Over Payment Difficulties

Venezuela will export 60 tons of marble per month. (Courtesy)

Venezuela begins exporting marble to the Caribbean amid reports that French-US oil contractor Schlumberger plans to cut back services due to payment difficulties. 

 

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Iconic Photo of Shortage-Ridden Venezuelan Supermarket Taken in New York

The original high resolution photo. Original caption: "A shopper passes empty shelves while looking for bottled water at a

A photo widely circulated by international media as a depiction of chronic shortages in Venezuela was actually taken in New York in 2011, reports Spanish website FCINCO.

 

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The Other Explanation for Venezuela’s Economic Crisis

 Venezuela Central Madeirense. (Wikimedia)

Mainstream critics of the Bolivarian government have systematically ignored the role of US imperialism and Venezuela's rentier oligarchy in fomenting the country's current economic crisis. 

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In Venezuela, Dismantling a Weapon of Mass Destruction

(Aporrea)

Economist Mark Weisbrot makes a case for unifying Venezuela's now double-tiered exchange rate.

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5 Plead Guilty in Bribery Scandal at Venezuela's PDVSA

PDVSA is a major source of revenue for the Venezuelan government, which is currently struggling with an economic downturn. (AVN)

At least five people in the United States have now pleaded guilty to charges linked to a bribery scandal centred around Venezuelan state oil firm PDVSA, according to reports Wednesday.

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