Tag: Rodolfo Marco Torres

• Wednesday, October 22nd 2014 - 01:52 UTC

  Venezuela “fully prepared” to cope oil price volatility and will honor sovereign debt

  

  Venezuela's Finance Minister Rodolfo Marco said on Tuesday that the Mercosur member was “fully prepared” to cope with price volatility on the global oil market and would honor a 3 billion dollar bond payment due next week.

• Wednesday, May 28th 2014 - 00:19 UTC

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

  

  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.