He also announced the nationalization of plots of land owned by the Compañía Inglesa, a subsidiary of British meat products company Vestey
Venezuela's President Hugo Chávez on Sunday resumed broadcasting of his weekly radio and TV show "Hello, President," which he suspended for more than six weeks amidst the election campaign.
Chávez's show was broadcast from the facilities of Río Tiznado Socialist Farming Project, in Guárico state (central Venezuela), where he announced that his government would seize a Spanish farming supply company Agroisleña. He also announced the nationalization of plots of land owned by the Compañía Inglesa, a subsidiary of British meat products company Vestey.
"Agroisleña has now became people's property; it will be owned by Venezuela," said the leftist president.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.