While Western and Arab countries responded with outrage after Russia and China vetoed a UN Security Council resolution that would have urged Syrian President Bashar al-Assad to give up power, Venezuelan president Hugo Chavez considered the veto as “very positive”.
Venezuelan President Hugo Chavez has called for a presidential summit of the Bolivarian Alliance of the Peoples of our America, ALBA, for next February 5 in Caracas when it is expected Chavez will insist in the creation of an economic block.
Venezuela’s government officially requested this week to leave the World Bank’s arbitration court as demands pile up from abroad for compensation following a decade of nationalizations under President Hugo Chavez.
President Hugo Chávez 14-year-old daughter, Rosines angered Venezuelans and embarrassed her father by posting a picture of her holding a handful of US dollars on the web.
Venezuelan President Hugo Chavez said on Sunday that his government plans to buy new Embraer jets from Brazil as well as used Airbus jets to expand his country's state airline Conviasa.
“In practical terms Venezuela if fully integrated to Mercosur” said Uruguayan Foreign Affairs minister Luis Almagro during a meeting this week with foreign correspondents.
The sovereignty of Syria and Iran should be defended against 'foreign interferences' and from the siege of ‘colonial powers’ Venezuela's President Hugo Chavez and Russian Prime Minister Vladimir Putin agreed during a telephone conversation, according to the Venezuelan Foreign Affairs ministry.
Venezuela's Hugo Chávez said that if an opposition candidate wins this year's presidential election he will be the first to recognize the rival's victory and hand over power.
Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp 255 million dollars in compensation for nationalized assets, which is less than a third of what the US oil giant said it was awarded by an arbitration panel.
Inflation in Venezuela during last year reached 27.6%, which is 0.7 percentage points more than in 2010, according to a preliminary report from Venezuela’s central bank. President Nelson Merentes said that the consumer prices index “was associated to the upwards pressure generated on wholesale prices by a greater dynamism from domestic aggregate demand”.