Venezuela News

Politics Venezuela, together with Zimbabwe, Ivory Coast, Belarus and Eritrea, is one of the countries with poor performance worldwide, according to the report on Worldwide Governance Indicators published by the World Bank on a yearly basis.

Politics In a year and a half, the Venezuelan government has reported on USD 624 million out of the public expenditure for Honduras, according to the latest survey of the Economic Research Center .

According to the data provided by the official National Statistics Institute , last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77 More and more homes have recorded a downward trend Economy Based on the official data, more and more families failed to get out of ...

Once again an outside power is meddling in the internal affairs of a small, poor Central American country and threatening military action if its preferred candidate is not restored to office.

Author: Kevin Clarke Published: July 5, 2009 Check out the free newsletter! Related: Again, our president has sided with dictators and one party control.

Colonel Chavez "revolutionary party" lost the elections in Caracas last year, but this is not a problem to this tireless Caudillo, he created a new major position to be on top of Caracas city hall and transferred the majority of budget to his fellow appointee.

CARACAS, Venezuela From the moment the coup in Honduras unfolded over the weekend, President Hugo Chavez had his playbook ready.

Soldiers ousted the democratically elected president of Honduras on Sunday and Congress named a successor, but the leftist ally of Venezuelan President Hugo Chavez denounced what he called an illegal coup and vowed to stay in power.

The U.S. ambassador to Venezuela has returned to his post - more than nine months after he was expelled by President Hugo Chavez.

The head of Venezuela's telecommunications regulatory agency said Friday that 240 radio stations will have their licenses revoked for failing to update their registrations with the government.

Venezuela pulled the plug on Friday on a publicity campaign against the left-wing government's proposed changes to property legislation that critics dub "the Cuban law." Diosdado Cabello, a senior official who heads the OPEC-nation's broadcasting watchdog, ordered conservative think-tank Cedice to withdraw a series of advertisements that include ...

Venezuela and China Development Bank Corp. are discussing a third $4 billion infrastructure loan to be paid in oil, President Hugo Chavez said. “This bank is the one with the most money in the world,” Chavez said late yesterday on state television. “It has half the money in the world and is allied with Venezuela.” Chavez is seeking closer ties with developing nations such as China, Russia, India and Brazil to reduce dependence on the U.S., which consumes more than half of Venezuela’s oil exports. China previously made two $4 billion loans to finance infrastructure projects in Venezuela. Venezuela’s government repays the loan with as much as 230,000 barrels a day of oil provided to China National Petroleum Corp., according to the annual report of Petroleos de Venezuela SA, also known as PDVSA...

The Venezuelan government took control of the country's third-largest bank on Friday amid a wave of nationalizations led by President Hugo Chavez.

Guantnamo, July 3, . - Venezuelan president Hugo Chavez stated that it must notify the government of Barack Obama, because they still evade a responsibility or does not confront the problem.

The United States Ambassador to Honduras, Hugo Llorens, an extremely competent diplomat, tried very hard to keep Honduras's Congress from ousting President Manuel Zelaya. After his arguments and pressures were exhausted, and faced with something that seemed inevitable, he did what he could: he sheltered the president's son at his residence to save him from any violent outcome. Fortunately, Zelaya's expulsion from the presidency and from his country was bloodless. It wasn't exactly a military coup: the Army acted on orders from the Supreme Court after Zelaya's continued violations of the law. The ousted president seemed intent on getting reelected, even if it meant violating the Constitution, and on dragging the nation into Hugo Chávez's "21st century socialism" camp against the will of the Honduran people.

Venezuela will demand that oil companies pay an high premium of between $500 million and $1 billion to participate in the development of the Carabobo oil block in the OPEC nation's giant Orinoco heavy crude belt.

Chavez said he will always support the poor and needy people in what he called the 'social war' Politics Venezuela's President, Hugo Chvez, said on Tuesday night that there is a "social war" in Venezuela, adding that the conflict was unleashed by the upper classes that want to continue the exploitation of the poor and manipulate people, thus ...

Freedom Watch, a US non-governmental organization (NGO), announced on Thursday that it has formally notified the Venezuelan-run oil company Citgo about the class action filed against Venezuelan President, Hugo Chávez, for alleged acts of terrorism and violation of human rights. Larry Klayman, founder and President of Freedom Watch, said that the Venezuelan government has 20 days to respond the lawsuit filed last April in a Miami court on behalf of the Venezuelan journalist Ricardo Guanipa who qualified for political asylum in the US since 2005. ...

CARACAS, Venezuela — An ally was in trouble, toppled in a military coup. And the television cameras were rolling. The ousting of Honduran President Manuel Zelaya could not have been better scripted for another Latin American leader who has taken center stage: Venezuelan President Hugo Chavez. The populist firebrand has been Zelaya’s most forceful advocate and could win international accolades if the Honduran leader eventually succeeds in regaining power.

By Darcy Crowe, DOW JONES NEWSWIRES Caracas - A wave of optimism appears to be cascading over President Hugo Chavez's administration thanks to the recent surge in oil prices, buoying hopes that Venezuela can handle the global recession without devaluing its currency or undertaking painful economic reforms.