Skip to Navigation

Economy

Venezuelan Supreme Court Extends Economic Emergency State of Exception

Venezuelan Supreme Court in downtown Caracas (teleSUR).

The high court renewed the Maduro administration's emergency powers with the aim of tackling the country's deep recession. 

» read more

Venezuela Begins Controversial Mega Mining Project

The Orinoco Mining Arc project has been hailed by the Venezuelan government as a major source of foreign investment, though crit
The Venezuelan government began Wednesday the first phase of a controversial mining project that activists say could devastate vast swathes of the country’s wilderness.

» read more

Venezuelan Oil Imports Crash Amid Payment, Shipping Troubles

Container shipping carriers have complained of poor conditions at Venezuelan ports including pilot boats unable to move due to f
Venezuela is now failing to cover collapsing oil production with foreign imports, according to dire reports Friday.

» read more

Venezuelans Boycott Black Market Amid Surging Banana Prices

Food prices on the black market have soared in recent months (CdO)

Venezuelan consumers took to social media Friday vowing to boycott black market vendors, after months of rising food prices.

» read more

Venezuelan Corporation Internationally Accuses Government of “Harassment”

Empresas Polar President Lorenzo Mendoza. (El Heraldo/Fernando Llano)

In an ongoing dispute with the Maduro administration, Venezuela’s largest food and beverage producer has accused the Bolivarian government of “harassment and discrimination” due to the Venezuelan president’s public protest against the conglomerate’s role in the country's economic war.

» read more

Maduro Announces 2016's Third Minimum Wage Increase

Nicolás Maduro made the wage increase announcement to the Venezuelan people on live television and radio Friday.  (Reuters)

President Nicolás Maduro has announced a 50 percent wage increase set to take effect in September.

 

» read more

Critiquing Chavismo's Shortcomings: An Interview with Miguel Rodriguez Torres

Miguel Rodriguez Torres. (Archive)

The former interior minister and close Chávez confidant analyzes the trajectory of the Bolivarian Revolution, critiquing its errors and proposing solutions to the present crisis. 

» read more

Default: A Self-Defense Measure

(Archive)

Defaulting on Venezuela’s massive foreign debt and devoting the resources to social spending is the only solution to the South American country’s economic crisis, argues Marea Socialista researcher Carlos Carcione.

» read more

What Happens if Venezuela Doesn't Pay its Foreign Debt?

(Archive)

Venezuelan economist Victor Alvarez explores the roots of the country’s critical financial situation and the consequences of placing a moratorium on its external debt. 

» read more

Venezuelan Tourism Industry to Charge in Dollars

Playa el Agua beach on the tourist hotspot of Margarita Island, Venezuela (Mintur)

Foreign travellers visiting the South American country will be charged in US dollars for tourism services, including in travel agencies and accommodation in 4 star and state approved hotels. They will also be able to buy national currency directly from tourism providers.

» read more

Syndicate content