Venezuela's official currency exchange rate is gaining ground on the country's thriving dollar black market, according to data released by the central bank Thursday.
Polar announced that their plants will produce beer throughout the year while Coca-Cola workers will continue to receive benefits despite paralyzed plant production.
Thousands took to the streets of Caracas this Sunday to commemorate International Workers Day and manifest their support for the beleaguered Chavista government of President Nicolas Maduro amidst a severe recession and a possible recall referendum.
Venezuela begins exporting marble to the Caribbean amid reports that French-US oil contractor Schlumberger plans to cut back services due to payment difficulties.
By Joe Emersberger – TeleSUR English , Mar 7th 2016
Frustrated analysts lash out as if they were the sworn enemies of Capital, showing they'll do anything to disparage Venezuela after the South American country defied official expectations in making its latest bond payment.
By Francisco Dominguez - The Morning Star , Mar 3rd 2016
A recent poll conducted by Hinterlaces, a well-known and usually reliable Venezuelan pollster, showed that Venezuelans, by a substantial majority, oppose neoliberal solutions to their country’s crisis.
Acclaimed economist Mark Weisbrot outlines a string of measures to resolve Venezuela's economic crisis, including instituting direct subsidies to poor and working class families, eliminating exchange and price controls, and diversifying the economy.
Venezuelan President Nicolas Maduro announced Tuesday the creation of the National Council for Productive Economy, a diverse body composed of ministers, private business leaders, governors, mayors, academics, and grassroots representatives tasked with finding solutions to the country’s deepening economic crisis.
