Tag: Venezuela

• Monday, April 25th 2011 - 06:59 UTC

  Chavez, with eyes on his 2012 re-election bid, hikes oil windfall tax

  

  Venezuelan President Hugo Chavez hiked an oil windfall tax in a move that raises government income ahead of the 2012 presidential election, but puts a heavy load on oil companies.

• Sunday, April 24th 2011 - 01:30 UTC

  Venezuela formally exits Andean nations and waits for Mercosur incorporation

  

  Venezuela formally exited the Andean Community of Nations, CAN, Friday when it stopped belonging to the free trade zone which for 38 years eliminated a full range of tariffs among its members (Peru, Ecuador, Bolivia and Colombia), announced the Venezuelan Foreign Affairs ministry.

• Thursday, April 14th 2011 - 19:43 UTC

  Venezuela and Argentina have the highest inflation rates in South America

  

  Venezuela and Argentina recorded the highest rates of inflation in South America during the first quarter of 2011 according to the latest data available.

• Thursday, April 14th 2011 - 16:55 UTC

  New Paraguay minister to press for vote on Venezuela’s Mercosur incorporation

  

  Venezuela in Mercosur will act as a balancing element and Unasur has more than proven its merits, said Paraguay’s new Foreign Affairs minister Jorge Lara Castro who insisted the country must work urgently to overcome asymmetries in the region and passive integration is not enough.

• Monday, April 11th 2011 - 06:17 UTC

  With Colombia support Venezuela gets temporary extension of Andean membership

  

  Colombian President Juan Manuel Santos and Venezuela’s Hugo Chavez agreed over the weekend to temporarily extend the bilateral trade pact within the framework of the Andean Community, or CAN, despite Venezuela’s pending withdrawal from that regional organization on April 21.

• Monday, April 11th 2011 - 05:58 UTC

  Mujica strongly lobbies for Venezuela’s full incorporation to Mercosur

  

  Uruguayan president Jose Mujica strongly supported the incorporation of Venezuela as full member of Mercosur from a Sunday column published in one of Brazil’s most influential newspapers, Folha de Sao Paulo.

• Monday, April 11th 2011 - 05:54 UTC

  Venezuela’s most populated areas suffer another major blackout

  

  Blackouts blamed on forest fires left without power whole areas of north and central Venezuela, including Caracas, officials said. The power outages began last Thursday due to the collapse of electrical lines located 250 kilometres west of Caracas, Electricity Minister Ali Rodriguez said.

• Monday, April 11th 2011 - 05:18 UTC

  Santos and Chavez meet Lobo and agree on helping Honduras return to the OAS

  

  The presidents of Colombia, Venezuela Juan Manuel Santos and Hugo Chavez held a non announced meeting with their Honduran peer Pofirio Lobo and said they were committed to help the outcast country rejoin the Latin American family by returning to the Organization of American States, OAS.

• Wednesday, April 6th 2011 - 06:32 UTC

  Venezuela admits an annual inflation of 27.4% in the last twelve months

  

  Venezuela's nationwide consumer price index (NCPI), prepared by the Central Bank of Venezuela (BCV) and the National Statistics Institute (INE), showed a 1.4% increase in March 2011 compared to February 2011.

• Wednesday, April 6th 2011 - 06:10 UTC

  Venezuela to begin shipping Argentina 12 million barrel of fuel in May

  

  Venezuela will send Argentina 12 million barrels of diesel and fuel oil starting in May, an official from Venezuela's state oil company PDVSA said.