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Warning of leftist military coup in Venezuela

Warning of leftist military coup in Venezuela

TODAY VENEZUELA – “It would be a terribly mistake if they (the military) would go against the Constitution,” the president of Uruguay, José Mujica, remarked in an interview with Spanish newspaper El País Uruguayan President José Mujica warned of the possibility of “a coup d’état from leftist military” in Venezuela which would “wreck” the “defense […]

Venezuelan Armed Forces reject conspiracy against government

Venezuelan Armed Forces reject conspiracy against government

TODAY VENEZUELA – Defense Minister Vladimir Padrino López offered a press conference accompanied by the Military High Command and voiced “strong rejection” against alleged coup plans reported by President Nicolás Maduro on Thursday The Bolivarian National Armed Forces (FANB) of Venezuela on Friday condemned the actions of a group of officers allegedly involved in a […]

Half Capacity of the Venezuelan Industry Is Idle

Half Capacity of the Venezuelan Industry Is Idle

TODAY VENEZUELA – Eduardo Garmendia, the president of the Venezuelan Confederation of Industries (Conindustria), has asked the Venezuelan government to put an end to the siege, which, in his view, has been laid on enterprises. At the same time, the sector continues requiring outspoken dialogue so as to contribute to national development in the long […]

Practimercados Día Día Rebuts Government’s Claims of Boycott

Practimercados Día Día Rebuts Government’s Claims of Boycott

  TODAY VENEZUELA – The network of small supermarkets Día a Día, recently seized by the Venezuelan government over charges of alleged hoarding and boycott against the domestic economy, has rejected the statements made by Venezuelan President Nicolás Maduro in a press release sent on Saturday to mass media. The communiqué reads as follows: “Día […]

Venezuelan Oil Up To US$44.64

Venezuelan Oil Up To US$44.64

TODAY VENEZUELA – Venezuelan oil average price this week regained USD 5.82 compared to the previous week, standing at USD 44.64. For almost seven months, the Venezuelan oil basket had not experienced a weekly increase of more than one dollar, the Venezuelan Ministry of Petroleum and Energy reported on Friday. “Crude oil prices ended upward […]

Venezuela President Slams U.S. Intelligence Report

Venezuela President Slams U.S. Intelligence Report

TODAY VENEZUELA – Venezuelan President Nicolas Maduro Wednesday rejected a recent U.S. report which predicts an outbreak of violent anti-government protests in the South American nation in 2015. The report was presented to the U.S. Congress on Tuesday by the new director of the U.S. Defense Intelligence Agency, Vincent Stewart, foreseeing a new wave of […]

Cuba needs to retain economic oxygen provided by Venezuela

Cuba needs to retain economic oxygen provided by Venezuela

TODAY VENEZUELA (ElUniversal) The Cuban economy will continue, at least for other three years, depending on strategic trade with Venezuela, even though the measures adopted by Washington to improve ties with the island will help Cuba to alleviate the drop of imports from Caracas. By 2012, Cuba-Venezuela trade accounted for 44.2% of the island’s total […]

Venezula President Maduro Announces Forex System for Three Markets

Venezula President Maduro Announces Forex System for Three Markets

TODAY VENEZUELA (El Universal) Venezuelan President Nicolás Maduro announced late on Wednesday during the presentation of the Annual Report and Accounts 2014 that he and his economic team have designed a foreign exchange system comprising three markets, intended to meet all the foreign currency needs in the country. One single Ancillary Foreign Currency Administration System […]

Venezuela Cancels Sale of CITGO

Venezuela Cancels Sale of CITGO

  TODAY VENEZUELA – The bid for selling Citgo, a US-based refinery of state-run company Petróleos de Venezuela (PDVSA), was cancelled since the firm plans to collect US$2.50 billion in bonds and loans, Reuters reported, based on a note quoted by the Wall Street Journal. The International Financial Review (IFR), a leading source of capital […]

Venezuelan opposition leader: people have to demonstrate in an organized, peaceful manner

Venezuelan opposition leader: people have to demonstrate in an organized, peaceful manner

TODAY VENEZUELA (El Universal) Venezuelan opposition leader and Miranda state governor, Henrique Capriles Radonski, stated on Monday that the people had to speak up “so it does not look like they accept the crisis” the country is going through. However, Capriles Radonski outlined that such discontent should be expressed in an organized, peaceful manner. In […]

Shortages in Venezuela make standing in line a full-time job

Shortages in Venezuela make standing in line a full-time job

TODAY VENEZUELA (Fusion.net) CARACAS — In Venezuela, grocery shopping has literally become a test of endurance. Venezuelans are fuming as long lines at the country’s supermarkets worsen, with people even camping out overnight — some in hammocks — to try to buy hard-to-find basic items such as bread, toilet paper and detergent. Even in a […]

Venezuela militarizes its supermarkets

Venezuela militarizes its supermarkets

TODAY VENEZUELA (InsightCrime.org) President Nicolas Maduro has ordered Venezuela’s security forces to maintain order in supermarkets and food distribution sites, highlighting how the country has prioritized political-driven security issues over efforts to lower one of the world’s highest homicide rates. On January 8, President Maduro announced soldiers and police officers would begin to guard the […]

Venezuela’s President Maduro: “China is a super power, yet it is not an empire”

Venezuela’s President Maduro: “China is a super power, yet it is not an empire”

TODAY VENEZUELA (El Universal) Venezuelan President, Nicolás Maduro, highlighted on Thursday the progress achieved in the Venezuela-China relation as he ended his visit to China. He underscored that the Asian nation has outlined a development plan by 2050, which makes it one of the greatest world powers. “Today, China is the economic and political super […]

Venezuelan Crude Oil Down to US$47.05 Barrel

Venezuelan Crude Oil Down to US$47.05 Barrel

TODAY VENEZUELA (El Universal) The price of Venezuelan crude oil lost US$2.47 and hit US$47.05 last week, as reported by the Venezuelan Ministry of Petroleum and Mining. The Ministry  noted that “the downward trend in crude oil prices continued amid signs of abundant supply, weak demand, and strengthening of the dollar” The Ministry informed that […]

Venezuelans Pay Thousands to Armor Their Cars

Venezuelans Pay Thousands to Armor Their Cars

TODAY VENEZUELA – In the first two weeks of December, Venezuela’s capital city registered over 200 deaths in what is shaping up to be a year of record homicides as wealthier residents react by investing thousands of dollars in additional security measures. Between December 1 and December 14, 222 cadavers were brought to the Bello […]

Venezuela Suspends Sale of Air Tickets For Four Airlines

Venezuela Suspends Sale of Air Tickets For Four Airlines

Officials of the Venezuelan National Civil Aeronautic Institute (INAC) implemented the measure against local airlines Conviasa, Aeropostal, Aerotuy, and Aserca Airlines following an inspection at Maiquetía international airport TODAY VENEZUELA – The Venezuelan National Civil Aeronautic Institute (INAC) temporally suspended air ticket sale operations at the counters of several private and state-run local airlines at the […]

Pdvsa denies shortage of gasoline in Venezuela

Pdvsa denies shortage of gasoline in Venezuela

TODAY VENEZUELA (El Universal) — Gasoline is being shipped to gas stations across Venezuela, specifically those located in central and central-western regions of the country, officials of state-run oil holding Petróleos de Venezuela (Pdvsa) stressed on Monday, as they denied gasoline shortage reports. On Monday night, Julio García, National Market Director of Pdvsa, inspected the […]

5 Killed in Police Clash With Venezuela Political Collectives

5 Killed in Police Clash With Venezuela Political Collectives

TODAY VENEZUELA NEWS — A bloody clash between police and militant collectives in Caracas may feed suspicions that the collectives played a role in the recent dramatic murder of a Venezuelan Congressman, and raises the specter of more violence ahead as the investigation into the murder continues. The gunfight reportedly broke out as police were […]

Venezuela Perceived As Most Dangerous Country In the World

Venezuela Perceived As Most Dangerous Country In the World

TODAY VENEZUELA NEWS – According to the results of Gallup’s 2013 Law and Order Index — which is based on a poll measuring self-reported theft, confidence in local police, and perceptions of personal safety — fewer citizens in Latin America and the Caribbean reported feeling safe in their communities than residents of any other region […]

Venezuela Wants All Supermarket Shoppers Fingerprinted

Venezuela Wants All Supermarket Shoppers Fingerprinted

TODAY VENEZUELA NEWS –  Attention Venezuelan shoppers: Please proceed to the supermarket checkout for fingerprinting. That could be a reality if a plan announced earlier this week by the country’s president, Nicolas Maduro, goes into effect. The purpose? Combating shortages caused by rampant smuggling of subsidized food in Venezuela across the border into neighboring Colombia. […]

Venezuela Congress Declares Chavez Eternal Leader

Venezuela Congress Declares Chavez Eternal Leader

TODAY VENEZUELA NEWS – Venezuela and delegations from several Latin American countries, some of which were headed by their president, paid tribute to late Venezuelan leader Hugo Chavez on his 60th birthday on Monday. The homage coincided with the plenary sessions of the 3rd Congress of the United Socialist Party of Venezuela (PSUV), which postponed […]

American Cuts 80% Of Its Flights to Venezuela

American Cuts 80% Of Its Flights to Venezuela

TODAY VENEZUELA – On Tuesday, American Airlines announced it was cutting almost 80% of its flights to Venezuela, leaving only 10 of its 48 weekly flights in operation. The cuts affect flights to New York, Texas and Puerto Rico, and Miami mainly. American is not alone in cutting flights to and from Venezuela. Around 60% […]

Venezuela Inflation records the highest jump since 1996

Venezuela Inflation records the highest jump since 1996

Prices went up 5.7% in April and May TODAY VENEZUELA – Inflation in January-May hit 23%, according to the figures of the Central Bank of Venezuela. This is the highest increase during such period since 1996, even though the government of Nicolás Maduro keeps price regulations in place for a large number of goods and […]

Venezuela Car Manufacturing Plummets 92% in May

Venezuela Car Manufacturing Plummets 92% in May

TODAY VENEZUELA – Venezuela’s automobile industry has failed to pick up. The seven private carmakers operating in the country assembled only 645 vehicles in May. The Venezuelan Automobile Chamber (Cavenez) said production has dropped sharply 92%. The report additionally confirmed production in the industry has stopped almost entirely. Four out of seven car manufacturers did […]

Inflation in Venezuela hits highest level since 1996 despite controls

Inflation in Venezuela hits highest level since 1996 despite controls

TODAY VENEZUELA – Eleven years ago, on February 11, 2003, then President Hugo Chávez issued a decree implementing stringent price controls. The move was viewed as reasonable amid a lockout. Later on, however, he conceded that his decision was “a State strategy of intervention in the economy -one of the elements of the transition to […]

Scarcity is the only item in plentiful supply across Caracas

Scarcity is the only item in plentiful supply across Caracas

QVENEZUELA | A woman walks into a salon. Her usual hair dye is simply not there. She is told that pretty soon not even nail polish remover will be available for sale. She has just climbed up and down 14 flights of stairs in a Caracas private clinic because the elevator was out of order. […]

Costa Rica included in Venzuela’s foreign currency allocation

Costa Rica included in Venzuela’s foreign currency allocation

El Universal – Pressured by growing US dollar demand, the Venezuelan government on Wednesday decided to cut down the amount of foreign currency sold to people travelling abroad and non-priority sectors. The move is intended to cover food and drugs imports. [sws_red_box box_size=”100″] The sums of foreign currency allocated according to destination were fixed as […]

Five arrested for murder of Miss Venezuela Monica Spear

Five arrested for murder of Miss Venezuela Monica Spear

(QVENEZUELA) Armed men came up the car as the couple waited for a repair truck, and the terrified couple locked themselves in their Toyota Corolla. But the robbers opened fire through the windows. The bodies of Mr Berry and Ms Spear, who had American citizenship, were found in the car with their daughter, who had […]