President Nicolas Maduro said he was contemplating a three-year period to raise domestic fuel prices; a sensitive issue for Venezuela where a similar move helped spark deadly 1989 riots.
Paraguay is waiting for the formality of a Wednesday vote in the Lower House floor to acknowledge the controversial incorporation of Venezuela as full member of Mercosur, putting an end to an 18 months political and diplomatic rift in the block. The Deputies' Constitution Affairs and Foreign Affairs committees on Tuesday afternoon approved Venezuela's Mercosur incorporation protocol, which means all is ready for the full house expected positive vote.
Venezuela has dismissed as “disrespectful” comments made by a senior World Bank official that Haiti was not transparent in its handling of funds provided under the Caracas-led PetroCaribe.
Venezuelan President Nicolas Maduro declared victory in municipal elections as his ruling Socialists won a majority of votes nationwide on Sunday, even though they lost to the opposition in five key cities. He also pledged to deepen his economic offensive to force businesses to cut prices, which was a turning point in his campaign.
Venezuelan President Nicolas Maduro says that winning Sunday's municipal elections is essential for continuing the country's socialist revolution and honoring the legacy of the late Hugo Chavez. For opposition leader Henrique Capriles Radonski, the vote is seen as a referendum on Maduro's economic policies, which he says are destroying the country.
A huge power outage that darkened Venezuela's capital and parts of the country was a conspiracy to sabotage the Socialist government, according to Venezuela's President Nicholas Maduro. The blackout came five days ahead of Sunday's municipal elections.
Venezuela is evaluating a swap agreement involving gold reserves as a way to fortify dollar supplies in a country which suffers chronic product shortages and inflation close to 55%. Opposition leader Henrique Capriles said last week that the government was negotiating a swap operation with Goldman Sachs involving 1.45 million ounces of gold worth around 1.86 billion dollars.
President Nicolás Maduro has sent clear messages to the Venezuelan central bank arguing that following the 'economic war' he declared on big business and hoarding with the mandatory cuts in prices, November should register 5% deflation and not inflation.
No end to Venezuelan president Nicolas Maduro oral bloopers. In campaign for the municipal elections of 8 December and in the midst of an economic war on big business of which it accuses of promoting inflation and destabilizing his government, a self confession or sincericide (a blend of sincerity and suicide) became the delight of social networks ant twitters.
Tens of thousands of opposition supporters marched in Venezuela on Saturday to pressure President Nicolás Maduro’s government before December 8 local elections after their leader denounced the pre-dawn arrest of an aide.