LIQUIDITY. The Central Bank of Venezuela (BCV) is negotiating with German investment bank Deutsche Bank swap operations of monetary gold to lift liquidity in the country on time to comply with heavy international commitments, two sources familiar with the operation told Reuters.
PRODUCTION. "It is the other way around, Mr. President. State-run (manufacturing) plants are those which are not producing. Make them available to the private sector."
News This Week
- Venezuela negotiates gold swap with German bank
- Polar's CEO: Make state-run companies available to the private sector
- Medicines shipped from abroad to Venezuela amidst shortage
- National Assembly receives draft amnesty law
- Agricultural exports from the US to Venezuela halted for two months
- National Assembly to discuss amendment of Central Bank law
- Ortega Díaz: The attorney general cannot be questioned
- Plan of public procurement aims at optimizing investment
- Six OPEC countries, Russia agree to hold emergency meeting
- Deputy Cabello calls to celebrate F4 rebellion as the "dignity day"
- Venezuela's oil minister, OPEC president assess oil market
- Maduro: If property law is enacted, I cannot build more dwellings
- CEO of Polar highlights importance of Venezuelan farmers
- Expert: Venezuela imports oil since the second quarter of 2015
- Maduro announces plan to stop Zika virus from spreading in Latin America
- Venezuelan economic authorities fail to appear in Congress
- Attorneys approve censure motion against Venezuelan top court justices
- Attorney General: 17,778 homicides recorded in Venezuela in 2015
- Thirteen countries of the Americas agree on anti-Zika virus measures
- NGO warns against media crisis due to lack of newsprint in Venezuela
- Attorney General Ortega Díaz proposes new Criminal Code
- Suspected Zika virus cases soar to 71 in Mérida state
- Deputy Solórzano: Attorney General's Office fails to play its role
- Congress committee on media to amend telecoms law
- President Maduro: 13 engines will boost the economy
- Cabezas: There is consensus to modify forex system
- Lorenzo Mendoza: Domestic production is the solution
- Medicine Academy: "The country is facing a deep health crisis"
- Caracas, Moscow seek methods to stop oil prices drop
- Venezuela heads UN Security Council for a month
- A total of 474 deaths recorded in January in Caracas
- "If property law for Mission Housing is passed, we will build no more"
- Russia-OPEC meeting is confirmed
- Castro Soteldo: Situation of expropriated estates is under revision
- Venezuela, Russia discuss downward trend in oil prices
- Colombia investigates alleged raid by Venezuelan military
- Deputy Sánchez: Insecurity cannot be addressed irresponsibly
- Forty detentions over corruption in state-run food distribution networks
- Venezuelan Central Bank drains VEB 15 billion in liquidity
- Pharmaceutical Federation: Gov't accrues USD 6 billion-debt
- Venezuela, Brazil to revive bilateral trade
- Economic research firm Boungy assesses BCV figures
- Venezuelan oil climbs, ends at USD 24.16 per barrel
- WHO ponders to declare sanitary world emergency for Zika virus
- Economy Council: Venezuela needs international funding
HEALTH The health ministers signed a declaration comprising 16 items (Matilde Campodónico / AP-Reuters)
HEALTH Venezuelan President Nicolás Maduro announced the activation on Wednesday of a plan to stop the spread of Zika virus in Latin America and the Caribbean.
HEALTH Venezuelan Health Minister Luisana Melo on Friday said there are 4,700 people allegedly infected with the Zika virus in the country, out of which 225 people are suffering from one of the virus complications: the Guillain-Barré syndrome.
BORDER DISPUTE Early this year, the government of Guyana granted a new concession for oil prospecting in Orinduik block to an oil consortium composed of British company Tullow and Canadian Eco Atlantic. Tullow is already engaged in prospecting in contiguous Kanuky block, along with Spanish oil company Repsol. The Orinduik block is to the west of the newly-found and successful Liza oil field, located in Stabroek block and owned by oil giant ExxonMobil in partnership with Chinese National Offshore Oil Corporation. The vast concession granted in the Stabroek block covers areas that definitely belong to Guyana, as well as areas of the exclusive economic area the Venezuelan State established and disputed areas of the Essequibo region. ExxonMobil started prospecting in the Liza oil field, located in waters that are clearly Guyanese. However, the company has started to conduct oil prospecting in Essequibo waters. The smallest concession, in Orinduik, comprises Guyanese areas, but also areas that are included in the area disputed with Venezuela.