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Cuba needs to retain economic oxygen provided by Venezuela

Posted on: Jan 26 2015 - 8:37am | #0
In: Venezuela News
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From 2008-2011, Caracas transferred US$18 billion dollars to Havana in loans, investment, or gifts, the Association for the Study of the Cuban Economy (ASCE) disclosed in a report

Cuba-US rapprochement is not expected to compromise Caracas aid in the short term 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 foreign trade and 33% of Venezuela’s foreign purchases. A decline in imports from Venezuela will certainly hit the island, based on data from the Cuban Statistical Yearbook. From 2008-2011, Caracas transferred US$18 billion dollars to Havana in loans, investment, or gifts, the Association for the Study...

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Citgo plans to collect US$2.50 billion in bonds, loans

  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 markets intelligence...

Posted on: Jan 22 2015 - 7:28am | #0
In: Venezuela News
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Is Venezuela Becoming the Most Dangerous Nation in Latin America?

Police stand by a man murdered in one of

TODAY VENEZUELA – With nearly 25,000 violent deaths estimated for 2014 and 90 violent deaths reported in Caracas in the first week of 2015, Venezuela may now be one of the most dangerous nations in the Americas, although the lack of official statistics obscure the true scale of the security crisis. As El Nacional reported, the Caracas Bello Monte morgue received 90 bodies during...


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

Posted on: Jan 9 2015 - 1:41pm | #0
In: Venezuela News
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Maduro underscored that China has outlined a development plan by 2050 (File photo)

Both nations have signed several cooperation agreements for over USD 20 billion, which will be allocated to priority sectors for national development, which would ensure the work of late President Hugo Chávez, who developed a strategic relation with China since 1999 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 power of the 21st century, but it is not an empire; it did not seek to dominate, to plunder or to colonize the peoples....

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Forget the French Fries. How About a Side of Yuca With That Big Mac? As McDonald’s Has Run Out of French Fries in Venezuela

  TODAY VENEZUELA – Forget the French fries. How about a side of yuca with that Big Mac? For the second time in as many months, an entire country is having go without McDonald’s fries. Last month it was Japan, and now it’s Venezuela. The fast-food giant confirmed the shortage to Quartz. Becca Hary, a company spokeswoman, wouldn’t say what caused...

Posted on: Jan 7 2015 - 7:27am | #0
In: Venezuela News
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