All posts tagged "Nicolas Maduro"
Maduro’s Adjustment Plan: ‘Necessary Action’ or Push for Another ‘Caracazo’?
SAN JUAN – A potential recurrence of rebellious uproar the likes of Venezuela’s “Caracazo,” in 1989 has been in the minds of Venezuelans since the announcement of the bolivar’s devaluation and the increase of gasoline prices. “Faced...
- Posted February 25, 2016
Venezuela Hikes Gasoline Prices
SAN JUAN – The Venezuelan Ministry of Petroleum and Mining has increased the price of gas in the country on Friday after publishing an officially resolution. The resolution states the 95-octane gas will have a base price...
- Posted February 19, 2016
Economically Struggling Venezuela Hikes Gas Prices, Devalues
CARACAS, Venezuela – President Nicolas Maduro announced a currency devaluation and gasoline price hike Wednesday in an attempt to shield Venezuela’s oil-dependent economy from collapse and fend off mounting calls for his ouster. Gas prices will jump...
- Posted February 18, 2016
Key Venezuela Opposition Leader Calls for Recall of Maduro
CARACAS, Venezuela – The Venezuelan opposition’s top vote-getter is calling for a recall referendum against President Nicolas Maduro. Two-time presidential candidate Henrique Capriles called for a referendum to oust the socialist leader Wednesday. Capriles, who leads the...
- Posted February 17, 2016
Maduro to Transfer Control of Oil Resources to Venezuela Military
SAN JUAN – Venezuelan President Nicolás Maduro signed this week an official decree creating the Military Corporation for Mining, Oil and Gas (Camimpeg by its Spanish acronym), a megacorporation under the Ministry of Defense that will be...
- Posted February 17, 2016
Venezuela Top Court Overrules Congress on Economic Emergency
CARACAS, Venezuela – Venezuela’s Supreme Court overruled the opposition-controlled congress on Thursday and granted broad decree powers to President Nicolas Maduro. Congress last month had refused to approve Maduro’s declaration of an economic emergency. In a decision...
- Posted February 12, 2016
Venezuela’s UN Envoy: Not Concerned About US Investigations
UNITED NATIONS – Venezuela’s ambassador to the United Nations dismissed the possibility of cooperating with U.S. investigations into billion-dollar bribery schemes that allegedly occurred at the country’s state-run oil company while he was in charge. The allegations...
- Posted February 1, 2016
Venezuela Congress Nixes Maduro Request for Emergency Powers
CARACAS, Venezuela – Venezuela’s opposition-led congress on Friday rejected President Nicolas Maduro’s request for emergency powers amid a plunging national economy, the depths of which were dramatized by an IMF estimate that inflation this year will top...
- Posted January 23, 2016
Venezuela Posts Economic Data Showing Inflation at 141.5%
CARACAS, Venezuela – President Nicolas Maduro told Venezuela’s newly opposition-led Congress on Friday that “catastrophic” economic numbers justify his decree of emergency powers, and urged them to support the measures his socialist government will impose. Hours after...
- Posted January 15, 2016
Venezuela Opposition Controls Congress After 17 Years
CARACAS, Venezuela – Venezuela’s opposition was sworn in Tuesday as the majority in the National Assembly. It is the first time in 17 years that opponents of the socialist revolution begun by the late Hugo Chavez have...
- Posted January 5, 2016