ESPACIO PUBLICITARIO
CARACAS, Monday February 08, 2016 | Update
 

OIL

Oil prices decline after Venezuela-Saudi Arabia meeting

The International Energy Agency and the OPEC will present their monthly reports (File photo)

OIL.  Oil prices dropped on Monday amid a weak operations volume owing to a long holiday in Asia and after a meeting on Sunday between the ministers of petroleum of Saudi Arabia and Venezuela, both members of the Organization of Petroleum Exporting Countries (OPEC), showed no sign that measures will be adopted to stabilize the market.  

02/08/2016
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PRODUCTION

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Production law provides for incentives

Deputy Guerra advocates consensus to boost local production

The law on national production is also intended to simplify procedures, said Deputy José Guerra (File photo)
"The law will provide for a set of incentives for producers in fiscal and tax matters," explained José Guerra, Deputy for opposition coalition Unified Democratic Panel (MUD)
02/08/2016
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CRIME

Two soldiers, a civilian arrested over robbery of arsenal in Aragua state

The police explained that the civilian masterminded the robbery and managed to persuade the two military officers to let the criminals in the post from where 21 rifles, two pistols and 77 rifle chargers with 2,400 bullets were taken
02/08/2016
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FINANCE

Tax rate on large transactions set at 0.75% in Venezuela

The tax is expected to increase liquidity (Handout photo)
The law was enacted via enabling law on December 30, 2015
02/06/2016
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ECONOMY

China, Venezuela weigh extra funding

China and Venezuela explore several scenarios to spur productive (...)
The talks with the Chinese high-level delegation that has been meeting with the Venezuelan Foreign Office for some days are fairly advanced. Such talks will be extended to all the members of the economic team of the Venezuelan President Nicolás (...)
02/06/2016
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What is the Venezuelan president waiting for?

Venezuela's Head of State Nicolás Maduro (File photo)
Venezuelan President Nicolás Maduro has led the country economy to a halt. The ideological fence that surrounds the government authorities has prevented him from taking action. They keep on dreaming of a change in oil prices that will not com (...)
02/06/2016
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ECONOMIC MEASURES

Venezuela levers diamond mining as productive engine

Nelson Merentes, the president of the Central Bank of Venezuela, said (...)
"This activity will impact the country risk and enable the private and public sector to enter the international market in favorable conditions"
02/06/2016
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HEALTH

Venezuelan develops software to identify cancer cells

Researcher Oscar Chang (right) takes part in the Prometheus program (...)
Engineer Oscar Chang develops in Ecuador an artificial vision system able to find malignant cells
02/06/2016
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DOSSIER

One crisis, two visions

According to the National Confederation of Agricultural Producer (...)
A roster of 60 economists from different backgrounds has drawn up proposals to deal with the emergency, among which changing the current forex system, curbing public expenditure growth and restoring the independence of the central bank
02/06/2016
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FAUNA

A total of 115 endangered bird species in Venezuela

Results show there are two globally extinct animal species in (...)
The Red List of Venezuelan Fauna explains the current situation of these animal species in the country
03:10 PM
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BILATERAL TRADE

Agricultural exports from the US to Venezuela halted for two months

The Foreign Agricultural Service of the US Department of Agriculture reported zero agricultural exports to Venezuela on January 22-28 this year (File photo)
The US Department of Agriculture revealed that agricultural exports from the US to Venezuela have been halted for two months.
03:00 PM
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PRODUCTION

Polar's CEO: Make state-run companies available to the private sector

Lorenzo Mendoza feels that state-run companies are not profitable due (...)
"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."
12:35 PM
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LIQUIDITY

Venezuela negotiates gold swap with German bank

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.
11:56 AM
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NATIONAL ASSEMBLY

National Assembly to discuss amendment of Central Bank law

Deputy Carlos Prosperi called for the establishment of a technical (...)
On Thursday's parliament meeting, the deputies decided to hold a debate in the following congress meeting about the provisions found in a draft bill to amend the Law of the Central Bank of Venezuela (BCV).
01:25 PM
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OIL

Oil prices decline after Venezuela-Saudi Arabia meeting

The International Energy Agency and the OPEC will present their monthly reports (File photo)
The market is expecting a hearing of the President of the US Federal Reserve, Janet Yellen, before legislators on Wednesday, and also data on oil inventories to be disclosed by the US Energy Information Administration (EIA)
12:24 PM
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CRIME

Two soldiers, a civilian arrested over robbery of arsenal in Aragua state

The police explained that the civilian masterminded the robbery and managed to persuade the two military officers to let the criminals in the post from where 21 rifles, two pistols and 77 rifle chargers with 2,400 bullets were taken
11:44 AM
 | 

FINANCE

Tax rate on large transactions set at 0.75% in Venezuela

The tax is expected to increase liquidity (Handout photo)
The law was enacted via enabling law on December 30, 2015
10:24 AM
 | 

OIL

Date for oil summit is still unclear

Saudi Minister of Petroleum, Ali al-Naimi (right), and his Venezuelan (...)
Venezuelan and Saudi Arabia's oil ministers discussed their points of view on the oil market
 

News This Week

Monday February 08, 2016

Saturday February 06, 2016

Friday February 05, 2016

Thursday February 04, 2016

Wednesday February 03, 2016

ESPACIO PUBLICITARIO
Dossier
One crisis, two visions

A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.

Health


Medicines shipped from abroad to Venezuela amidst shortage

HEALTH Earlier this week, the President of the Venezuelan Pharmaceutical Federation (Fefarven), Freddy Ceballos, informed that shortages of medicines in Venezuela hit 80%. Given this situation, residents of Caracas and other states are ordering medicines from the US through a pharmacy with stores nationwide in Venezuela.

Thirteen countries of the Americas agree on anti-Zika virus measures

HEALTH The health ministers signed a declaration comprising 16 items (Matilde Campodónico / AP-Reuters)

Maduro announces plan to stop Zika virus from spreading in Latin America

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.

Economy


Venezuela levers diamond mining as productive engine

ECONOMIC MEASURES On February 11 and 12 a representation of Saudi Arabia will be in Venezuela to visit the geographical areas with potential reserves of diamonds and certify the official mechanisms for development. The news was given by Venezuelan Minister of Petroleum and Mining and President of state-run oil company Petróleos de Venezuela (Pdvsa), Eulogio Del Pino.

ESPACIO PUBLICITARIO
Environment


A total of 115 endangered bird species in Venezuela

FAUNA According to the fourth edition of the Red List of the Venezuelan Fauna, a total of 115 birds are in danger of extinction in the country as a consequence of the destruction of their habitats to carry out activities such as farming, livestock and aquaculture.

Multimedia


TOURISM

Natural landscapes and tasty food in Margarita Island

COMMUNITIES

La Candelaria: A village turned into a frenetic parish downtown Caracas

CATHOLIC CHURCH

Worshippers take part in the Nazarene of St. Paul's procession

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