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Economy

Maduro Unveils Economic Reforms, Signs 48 Deals with Private Firms to Boost Production

Maduro presents economic announcements at the Venezuela Powerhouse 2017 Exposition in Caracas. (Prensa Presidential)

Among the measures is a revamped currency exchange mechanism as well as new executive orders to expand agriculture and mining.

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Venezuelan Finance Minister Assures PDVSA Will Pay Out 2017 Bonds

Economy Vice President Ramón Lobo. (@RamonLoboPSUV)

Minister of Finance, Industry and Commerce Ramón Lobo confirmed in an interview this week that Venezuela will meet its debt payments for 2017 in light of this year’s rise in global oil prices.

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Venezuela Expropriates Bakeries Accused of Price Gouging

Industry groups say the government isn’t importing enough flour to go around, though inspectors say supply shortages are exagg
Venezuelan authorities expropriated two bakeries Wednesday, after inspectors said the businesses were found gouging consumers.

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Venezuela: A Balance Sheet of 2016 and Perspectives for 2017

(archives)

The Bolivarian Revolution is at one of its lowest points since President Chávez’s electoral victory in 1998. In this article, Juan Manaure and Carlos E. Jaurena put forward a deeply critical review of the national government's actions in the economic and political spheres. 

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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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