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Economy

Venezuela’s PDVSA to Boost Gas Distribution

Venezuela has the world's eighth largest proven gas reserves. (AVN)

Venezuelan state oil firm PDVSA announced Thursday plans to partner with private company Gavenplast to boost domestic gas production and distribution.

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Venezuelan Fishermen to Benefit from Government Investment

A fisherman holds up a groper he caught off the coast of Catia La Mar. (Photo: teleSUR)

Fishermen hope strategic alliances will lead to increased fish exports.

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Venezuela’s Maduro Names New Central Bank President

Ricardo Sanguino. (Archive)

Venezuelan President Nicolas Maduro announced the appointment of a new head of the country’s Central Bank (BCV) Sunday following the resignation of current president Nelson Merentes, who occupied the position since 2009.

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Venezuela’s National Dialogue: Disaggregating Key Issues

President Nicolas Maduro shakes hands with opposition leader Jesus Torrealba. (AVN)

Steve Ellner argues for the separation of the political and economic aspects of Venezuela's crisis in order to understand the country's current deadlock and possible paths forward.

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Venezuela’s PDVSA Sees Lower Debt in 2017

PDVSA is the Venezuelan government's single largest source of revenue. (AVN)

Venezuelan state oil firm PDVSA revealed Friday it managed to reduce its debt obligations last year.

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Venezuela Signs Port Modernization Agreement with Texeira Duarte

Public Works and Ground Transport Minister Ricardo Molina signs the agreement with Texeira Duarte President Pedro Maria Texeira

The multi-million dollar deal will see the upgrading of the capacities of the La Guaira port in order to reduce loading and unloading times by an estimated 250 percent.

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2.75 Million New Banknotes Enter into Circulation in Venezuela

Venezuela's latest 20,000 banknote against the recently recalled 100 banknote featuring the image of Simón Bolivar (Archiv

Venezuelan Central Bank (BCV) Director José Khan confirmed that the country's new higher denomination bank notes had entered into circulation on Monday.

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Venezuela to Open Currency Exchange Houses Along Colombian Border

Currency exchange house. (Archive)

The eight new currency exchange centers are aimed at combatting the cross-border smuggling of Venezuelan bolivars. 

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Venezuela’s Maduro Highlights Social Achievements in Annual Address to the Nation

Venezuelan President Nicolas Maduro addresses the Supreme Court for his annual address to the nation. (AVN and Prensa Presidenci

Maduro said his administration had managed to expand social welfare provision despite facing a severe economic crisis.  

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National Minimum Wage to Increase 50% in Venezuela

Venezuelan president Nicolas Maduro announced the wage increase during his television programme “Sundays with Maduro” (AVN).

Venezuelan President Nicolás Maduro announced the latest wage hike on Sunday evening. 

 

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