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Venezuela Congress Declares Chavez Eternal Leader

Posted on: Jul 29 2014 - 7:38am | #0
In: Venezuela News

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 its debates on its third day to pay tribute to the main promoter of that organization. One of the first agreements of the Congress was to declare Chavez the eternal leader and founder of the PSUV, as he was the main promoter of the organization, which has more than seven million members. The Congress, which opened on Saturday and will close on July 31, dedicated Monday to a forum on Chavez’s...

Inflation records the highest jump since 1996

Prices went up 5.7% in April and May 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 services. Prices went up 5.7% in April and May. Therefore, inflation in the last 12...

The bursting of La Venezolana’s bubble

Posted on: Jun 7 2014 - 7:28pm | #0
In: Venezuela News
The firm's business premises in the outskirts of Caracas are placed in administration. The Attorney General's Office and the National Assembly are receiving complaints from the victims (Venancio Alcázares)

EL UNIVERSAL – The firm Concesionario La Venezolana, a car dealership, was registered with an initial capital of just VEB 300,000 (USD 47,619) the price of a car in Venezuela. The company was incorporated in March last year and by September it had grossed VEB 100 million (USD 15,873,015). The firm, charged with defrauding nearly 6,000 people, grew 333 times in just six months. A little more than a year lapsed since La Venezolana’s inception to the end of its life, during which time it grossed about USD 15 million, if calculated at the forex rate of VEB 6.30 per US dollar, or USD 2 million at the Sicad 2 forex rate. José Ramón Briceño Hedderich, the firm’s current vice president, registered the company on March 22, 2013....

England v Honduras live!

Posted on: Jun 7 2014 - 3:11pm | #0
In: Feed - The Guardian UK

World Cup warm-up match updates from Miami Feel free to email 10.08pm BST 21 min: What a sweet, flowing move by England. England are three on three. Welbeck romps down the middle,...