Business

Venezuela's trade turns to Arab countries and former Soviet republics
Bylined to: El Universal
Tuesday, September 07, 2010

According to official data, although overall trade recorded a downward trade, Venezuela expanded trade with some countries. In this regard, the National Statistics Institute (INE) said in a report that Venezuela is now focusing on Arab countries and

Chinese CHEC to build a new container terminal at Puerto Cabello
Bylined to: Port World
Friday, September 03, 2010

Chinese construction company China Harbour Engineering Company has signed a memorandum of understanding with Venezuelan Transportation Minister Francisco Garces to build a container terminal at Puerto Cabello port.

Chavez reaches a $600 million deal to buy majority-owned French stores
Bylined to: Wire Services
Friday, September 03, 2010

nezuelan President Hugo Chavez says his government has reached a $600 million deal to pay for a chain of retail stores and supermarkets that were majority owned by a French company.

Rusoro Mining Ltd. grants and re-prices incentive stock options
Bylined to: Market Wire
Thursday, September 02, 2010

Rusoro Mining Ltd. has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 5,366,000 shares in the capital of the xompany.

Seizures in Venezuela focus on retailers and industries
Bylined to: El Universal
Thursday, September 02, 2010

Almost 75% of seizures so far this year in Venezuela have particularly hit the industrial and trade sectors, according to a study conducted by non-profit organization Liderazgo y Vision (Leadership and Vision).

Venezuela buying out land and cattle belonging to the UK Vestey family
Bylined to: Merco Press Agency
Thursday, September 02, 2010

Chavez has made land reform a central part of his aim of remodelling Venezuela as a socialist society and the government has taken over millions of acres in the last five years.

Venezuela's public deficit at US$4.88 billion in five months
Bylined to: El Universal
Thursday, September 02, 2010

By the end of the first quarter, Venezuelan authorities began to accelerate public spending, and government disbursements exceeded ordinary revenues.

Venezuelan capital flight up to US$8.69 billion in the first half of 2010
Bylined to: El Universal
Wednesday, September 01, 2010

Hugo Chavez has made it clear that exchange controls will be a permanent measure to prevent "the oligarchy from taking the US dollars and depositing them in banks around the world."

Guyana confirms rice exports to and jet-fuel imports from Venezuela
Bylined to: Patrick J. O'Donoghue
Tuesday, August 31, 2010

The expected amount of rice to be be sold is 70,000 tonnes and the Guyana government has said it will help pay a chunk of the $160 million debt that has been growing for the 5,000 barrels of oil it receives daily as member of the Petrocaribe agreemen

Alexandra Zendrian // Banking from a Venezuelan perspective...
Bylined to: Alexandra Zendrian
Tuesday, August 31, 2010

Recently, I interviewed Victor Vargas, president of Banco Occidental de Descuento. He also recently became the head of the Venezuelan National Banking Council. Here's the Q&A from that interview.