Author Archives: Editor
Public transport suspended and presidential ceremony interrupted in latest failure of shaky electricity infrastructure A power plant failure has knocked out electricity across a large part of Venezuela, interrupting a nationally televised presidential ceremony and forcing a suspension of subway and train services around the country. The outage affected at least 14 of...
CARACAS (Reuters) - Venezuela’s former planning minister, who helped the late president Hugo Chavez forge the country’s state-driven economic model, has excoriated current president Nicholas Maduro as a weak leader who is straying from socialism, according to a widely circulated document. Source: Reuters...
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...