ECONOMY

Venezuelan government wedded to direct social property

Venezuelan President Hugo Chávez emphasized that Social Production Enterprises are a scheme of the past (File photo: Venancio Alcázares)

ECONOMY. Under this scheme the means are owned by society, but assets belong to the State

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  . "We are using medieval methods against inflation"
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  . Public spending is to focus on state-run companies

TAKEOVERS

Business sector insists that the pubic and private sector should come to terms

Claims of arrested production because of expropriations

The Venezuelan government has taken over 3,600,000 hectares (File (...)

TAKEOVERS. The Executive Office is emboldened to revise the policy of farms "rescue"

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  . Explanation requested of seized property of Spaniards in Venezuela

FINANCE

Banks lose weight as credit managers

A scheme where the banks role will be limited to reception of funds (...)

FINANCE. In the case of agriculture, the Venezuelan government will pick up the farmers eligible for financing

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  . Chávez threatens to nationalize banks failing to grant agricultural loans
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  . Nationalization threats are not to gain Chávez more votes

OPINION

A Time to Talk, released on January 29

OPINION. López-Capriles understanding can only be attributed a pragmatic perspective

ECONOMY

Economy in transition

Pdvsa faces a growth challenge with multiple responsibilities to meet

The development of the Orinoco Belt is one of Pdvsa’s best bets (File (...)

ECONOMY. The state-run oil holding intends this year to raise its oil production up to 3.5 million barrels per day: at the same time, it seeks more resources to maintain on track and assumes more responsibilities that have nothing to do with the kind of tasks Pdvsa performs

FINANCE

Bank-subsidy policy fails

Low-interest rates on loans have simply not been enough to bolster (...)

FINANCE. Despite being granted low-interest loans, strategic sectors are not reactivated

DIPLOMACY

Claims of Venezuela's support to Iran for attacks on the US

DIPLOMACY. US congresspersons examine Ahmadinejad's tour

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  . The Guardian: Iranian attack is increasingly likely

FINANCE

Bank loan portfolio hit by expropriations

Expropriations have damaged several areas of the economy (File photo)

FINANCE. The Superintendence of Banks and other Financial Institutions (Sudeban) chopped lending to lessen the negative effect

WORLD AFFAIRS

The Guardian: Iranian attack is increasingly likely

WORLD AFFAIRS. In an article published on the website of the newspaper The Guardian, Julian Borger warns about a possible Iranian attack against the U.S. and its allies. The information, according to Borger, a diplomatic editor, was confirmed by James Clappe (...)

ECONOMY

Foreign exchange control curbs telecom investment

ECONOMY. The Venezuelan Chamber of Telecommunications Service Suppliers (Casetel) seeks to expand infrastructure capacity of mobile phones