CARACAS (Reuters) – Venezuela’s President Nicolas Maduro said a stricter wave of inspections for suspected price-gouging would begin on Saturday in an aggressive pre-election “economic offensive” aimed at taming the highest inflation in the Americas.
“We’re not joking, we’re defending the rights of the majority, their economic freedom,” Maduro said on Friday, alleging price irregularities were found in nearly 99 percent of 1,705 businesses inspected so far this month.
CARACAS (Reuters) – Tens of thousands of opposition supporters marched in Venezuela on Saturday to pressure President Nicolas Maduro’s government before December 8 local elections after their leader denounced the pre-dawn arrest of one of his aides.
The vote for control of 335 municipalities will be the first big test of Maduro’s political strength after he narrowly defeated his opposition rival, Henrique Capriles, in a presidential election in April.
CARACAS, Nov 23 (Reuters) – Tens of thousands of opposition
supporters marched in Venezuela on Saturday to pressure
President Nicolas Maduro’s government before Dec. 8 local
elections after their leader denounced the pre-dawn arrest of an
The vote for control of 335 municipalities will be the first
big test of Maduro’s political strength after he narrowly
defeated his opposition rival, Henrique Capriles, to win a
presidential election in April.
CARACAS (Reuters) – Venezuela’s opposition leader said state agents arrested one of his aides on Saturday before planned marches across the country to pressure President Nicolas Maduro’s government in the run-up to December 8 municipal elections.
Opposition leader Henrique Capriles said on Twitter that his national tours coordinator, Alejandro Silva, was forcibly taken from a Caracas hotel room by military intelligence agents.
CARACAS (Reuters) – Venezuelan lawmakers granted President Nicolas Maduro yearlong decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption but adversaries view as a power grab.
Hundreds of supporters of the ruling Socialist Party cheered outside the National Assembly as the so-called Enabling Law was passed, while a recording of Maduro’s late predecessor, Hugo Chavez, singing Venezuela’s anthem rang out inside the hall.
CARACAS (Reuters) – Choking traffic, causing pileups and even ambushing drivers, Venezuela’s hordes of motorcyclists are an increasingly high-profile problem for the new government of President Nicolas Maduro.
Denounced in the media as a “plague,” they provide essential, cheap transport but are often held responsible for anarchy on the roads and the terrifying number of homicides, kidnappings and armed robberies that beset the South American country.
CARACAS (Reuters) – Prosecutors in Venezuela are investigating members of its national motorsports teams for possible currency violations, officials said on Thursday, and the sports minister said tens of millions of dollars were claimed by people forging her signature.
A decade of currency controls has led to a shortage of dollars at the official rate of 6.3 bolivars, and huge profits for those who can access greenbacks and then resell them on the black market for about seven times that price.
CARACAS, Oct 13 (Reuters) – State security agents have
arrested the mayor of Venezuela’s third-largest city for alleged
corruption after President Nicolas Maduro asked lawmakers to
grant him decree powers he says he needs to fight graft.
Valencia mayor Edgardo Parra, a member of the ruling
Socialist Party, was picked up at his home late on Saturday by
the national intelligence agency Sebin, the attorney general’s
office said. It was the most high profile arrest so far in the
president’s anti-corruption campaign.
CARACAS, Oct 11 (Reuters) – Venezuela will auction $100
million at weekly central bank auctions through a complementary
foreign exchange system aimed at easing access to hard currency
for local businesses, a top government official said on Friday.
The economy is a challenge for the government of President
Nicolas Maduro, with importers complaining they are starved of
greenbacks, while the annual inflation rate hit almost 50
percent last month.
CARACAS/HOUSTON, Oct 11 (Reuters) – The exit of Malaysian
and Russian partners from key oil projects in Venezuela points
to long-running disputes that could force out other companies,
even as the government talks up its efforts to develop the huge
Orinoco extra heavy crude belt.
For years, state oil company PDVSA has made it the
responsibility of its partners in about 40 joint ventures to
boost stagnant national production of around 3 million barrels
per day, at times threatening to take away their licenses or
stop them repatriating dividend payments.