Venezuela

Venezuela
Tuesday, July 22nd 2014 - 06:25 UTC

Venezuela admits its ever growing dependency from China

“Venezuela has become one of the places most committed to investments from China and the seventh supplier of oil” said Xi

Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.

Monday, July 14th 2014 - 23:09 UTC

Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

The Central bank had international reserves equivalent to 20% of GDP

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.

Friday, July 11th 2014 - 01:45 UTC

Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

 Ministers Loizaga and Jaua confirmed all is ready for the summit when the rotating chair will pass on to Argentina

The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.

Wednesday, July 9th 2014 - 07:32 UTC

Venezuela knocks on the door of international banks and promises to respect debt payments

Ramirez said on Sunday that the government is working on “re-profiling its debt,” including extending payment deadlines.

After slamming international banks for more than a decade, the Venezuelan government met with investment bankers to try to change the perception of risk associated to the country and prepare the scenario for upcoming economic measures.

Saturday, June 28th 2014 - 10:36 UTC

Venezuela blackout interrupts live-television broadcast from President Maduro

“It seems like there are some problems, we are going to investigate the problems” said Maduro

A blackout cut electricity in various parts of Venezuela on Friday and twice interrupted the live television broadcast of a speech by President Nicolas Maduro, who said authorities were seeking more information about the outage.

Thursday, May 29th 2014 - 06:00 UTC

US Lower House approves legislation to impose sanctions on Venezuela

“US Congress must stand ready to act on the cause of freedom and democracy around the globe,” said Ileana Ros-Lehtinen

The US House of Representatives passed legislation on Wednesday, to impose sanctions on Venezuelans responsible for human rights abuses during anti-government protests, despite Obama administration worries that they could threaten talks seeking to ease the unrest.

Wednesday, May 28th 2014 - 00:19 UTC

Venezuela airline tickets to rise 350% beginning July first; part of a deal to pay pending debt

Association of Airlines Figuera said the price of the tickets will be calculated at 50 Bolivar to the dollar

As airlines cut service to Caracas and Venezuela struggles with a continuing debt crisis, the government of President Nicolás Maduro revealed that it would raise all international airline ticket prices by 350%. The measure should allow to pay part of the 4 billion dollars owed to foreign airlines, according to the government.

Saturday, May 24th 2014 - 07:22 UTC

Maduro blames the World Cup for airlines decision to cut flights to Venezuela

This month,  Panama’s Copa Airlines and Alitalia became the latest carriers to cut flights to Caracas

President Nicolás Maduro said the World Cup is to blame for international airlines’ decision to cut flights to Venezuela and denied that the move had anything to do with his government's refusal to allow them to repatriate proceeds from ticket sales inside the country.

Wednesday, May 21st 2014 - 07:22 UTC

Unasur mediators leave Venezuela unable to re-launch peace negotiations

The foreign ministers and the papal nuncio hope that a date for the next meeting is fixed as soon as possible, said Unasur ministers

Mediators from Unasur (Union of South American Nations) urged Venezuela's government and opposition back to the negotiating table after failing to revive talks to stem months of protests in the polarized nation.

Tuesday, May 20th 2014 - 07:31 UTC

Venezuelan situation impedes Mercosur summit to take place in Caracas, says Almargo

Almagro stated that Venezuela has other priorities such as the peace dialogue and the social situation

Uruguay Foreign Affairs minister Luis Almagro said that the political situation in Venezuela makes it quite improbable that the three-times postponed and since delayed Mercosur summit can effectively take place in Caracas sometime in the next two months.

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