Venezuela

Venezuela
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.

Saturday, May 17th 2014 - 07:11 UTC

Venezuela's protests should be over by July when the summer holidays, says top security official

Minister Miguel Rodríguez says security forces have been restrained in the face of extreme provocation

Venezuela’s three-month protest movement has dwindled to a hard core of a few hundred violent troublemakers and the unrest should be over by July, when schools and universities break up for the summer holidays, a top security official said.

Monday, May 12th 2014 - 06:51 UTC

Venezuela activists vowed to continue protests despite demolition of camps

Most of the 243 students have been released but 11 have been charged and will go to court

Venezuela said it had freed most of the 243 youth activists arrested in raids last week on street camps set up to protest against President Nicolas Maduro's government. Although the demolition of four camps in Caracas was hoped would discourage the three-month protest movement, activists vowed the measure had only strengthened their resolve to demonstrate.

Friday, May 9th 2014 - 06:47 UTC

Brazil says Mercosur/EU to meet in Brussels at the end of May for trade talks

Minister Borges also announced that Mercosur will hold a preparatory meeting in Caracas, next week

At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.

Tuesday, April 29th 2014 - 21:24 UTC

IATA calls on Venezuela to honor payment of airline funds, totaling 3.9bn

“Failure to release airline monies puts at risk the Venezuelan economy sustainable air connectivity”, said CEO Tyler

The International Air Transport Association (IATA) called on the Venezuelan government urgently to honor its commitment made in March to permit the repatriation of 3.9 billion dollars of airline funds at fair exchange rates. The funds are from sales of airline tickets in Venezuela and are being held in contravention of international treaties.

Saturday, April 26th 2014 - 06:00 UTC

Malvinas 'sooner than later' will return to Argentina, forecasts Maduro

Ministers Rossi and Admiral Meléndez during the bilateral talks on defense cooperation

Venezuelan president Nicolás Maduro forecasted that “sooner than later, the Malvinas Islands will return to the hands of the Argentine people” and recalled that during the recent Celac summit in Cuba (Community of Latin-American and Caribbean States) Latin-American was declared “a territory of peace and free of colonialism”.

Tuesday, April 15th 2014 - 06:59 UTC

Latin American leaders concerned and uneasy with the Venezuelan situation

Mercosur partners of Venezuela feel that the ongoing protests and demonstrations create economic and investment uncertainty

Most presidents of Latin America and particularly those from Mercosur are concerned with the Venezuelan situation, which generates uneasiness among opposition parties, mass media, corporations and citizens, the International Prospective Institute (IPI) states in a report.

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