Tag: Economy
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Venezuela’s Economy Grew 7% in the First Quarter of 2024
The Venezuelan executive vice president Delcy Rodríguez said on Saturday that the Venezuelan Gross Domestic Product (GDP) grew up a 7% in the first 2024 quarter, achieving 12 quarters of continuous economic growth. RELATED: Venezuela and China Sign Three New Bilateral Economic Cooperation Agreements The also Minister of Economy, Finance and Foreign Trade highlighted that […]
June 22, 2024
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Fiscal Deficit Continues to Accelerate in the United States
As the deficit increases, politicians are unlikely to make a serious effort to get spending under control. On Thursday, the Congressional Budget Office (CBO) said the national debt will hit US$56 trillion by 2034 amid increasing spending. That means debt held by the public would amount to 122 percent of gross domestic product by 2034. […]
June 21, 2024
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Venezuela To Generate Solar Energy With Support From China, India, Türkiye
Municipal-level energy generation will strengthen the national electrical system, President Maduro pointed out. On Thursday, President Maduro announced that Venezuela will carry out a mega electrical plan in the state of Mérida with the support of China, India, and Türkiye. RELATED: China Urges US To Immediately Stop Illegal Unilateral Sanctions “We have an ambitious plan […]
June 14, 2024
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The Venezuelan Economy To Grow Over 8 Percent in 2024: President Maduro
The country’s economic diversification takes place despite the existence of 930 U.S. sanctions. On Wednesday, Venezuelan President Nicolas Maduro held a meeting with the National Council of Productive Economy in the state of Apure, where he highlighted the growth and diversification of the national economy despite the existence of 930 imperialist sanctions. RELATED: Russia Has […]
June 13, 2024
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Venezuela Creates Business Commission to Expand Exports to BRICS Countries
The establishment of business contacts must go far beyond the oil and gas sector, President Maduro emphasized. On Tuesday, Venezuelan President Nicolas Maduro ordered the creation of a business commission to establish agreements with the BRICS countries, a group of emerging economies led by Brazil, Russia, India, China, and South Africa. RELATED: President Nicolás Maduro […]
June 12, 2024
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Venezuelan Inflation Reaches the Lowest Level Since 2012
On Saturday, President Maduro stated that the Venezuelan economy has been growing year after year and slowing inflation. On Friday, the Venezuelan Central Bank (BCV) published a report showing that accumulated inflation between January and May reached 7.8 percent, the lowest figure for that period in the last 12 years. RELATED: Venezuelan Social Housing Program […]
June 7, 2024
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Russia-China Relations Favor Global Stability: Putin
Western attempts to slow down the Chinese economy are wrong, the Russian president pointed out. On Wednesday, during a media event organized by on the sidelines of the 2024 St. Petersburg International Economic Forum (SPIEF), President Vladimir Putin said that the development of Russia-China relations is conducive to world stability. RELATED: St. Petersburg Receives Venezuelan […]
June 6, 2024
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St. Petersburg Receives Venezuelan Delegation With Honors
The Bolivarian officials traveled to the Russian city to participate in the new edition of the International Economic Forum. On Wednesday, the city of St. Petersburg welcomed high-level Venezuelan officials with a mid-day cannon salute, following a tradition reserved for distinguished guests that was instituted by Peter the Great as a gesture of maximum hospitality. […]
June 5, 2024
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President Maduro Inaugurates Works in the Delta Amacuro State
On Tuesday, Venezuelan President Nicolas Maduro inaugurated several projects in the state of Delta Amacuro, where he reiterated that the Bolivarian Revolution will not surrender. RELATED: Venezuela Cancels the Invitation to EU Observation Mission One of the inaugurated projects was the National Experimental University of the Armed Forces (UNEFA) in the municipality of Tucupita. This […]
May 29, 2024
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Bolivia: Minister Rules Out Economic Crisis
On Thursday, the Minister of Economy and Public Finance Marcelo Montenegro denied that Bolivia is currently suffering an economic crisis, despite the adverse international context, thanks to the policies implemented by the national government. Related: Bolivia Bets on the BRICS as a Way of Development He indicated that this situation contrasts with the escalation of […]