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Venezuela

Venezuela’s Tax Revenue Skyrockets Amid Economic Rebound

On Wednesday, Venezuelan President Nicolás Maduro reported a 93% tax revenue increase in the first five months of this year compared to last. Amid 930...

Venezuela’s Oil Resurgence: A Crucial Uptick Amid Economic Strains

In May 2024, Venezuela's oil production impressively surged to a new yearly high of 819,000 barrels per day. This milestone, highlighted by OPEC, signifies a substantial recovery, exceeding early 2023 averages and surpassing highs from...

Edmundo González Urrutia Leads in Reliable Venezuelan Presidential Polls

Venezuela's pivotal presidential election on July 28 features newcomer Edmundo González Urrutia, endorsed by María Corina Machado, close to 50% in polls. Meanwhile, incumbent President...

Energizing Futures: Venezuela and Turkey’s Strategic Pact

In a ceremony in Aragua, President Nicolás Maduro of Venezuela and Turkish delegates established...

Venezuela Sees Record Low Inflation: A Glimmer of Stability?

In May 2024, Venezuela's inflation rate reached a historic low of 78% annually, the lowest since 2017. This decrease from...

Fuel Shortage Hits Venezuela as The Country Prepares For Elections

Venezuela, once an energy powerhouse, now faces severe gasoline shortages, with Caracas unaffected but regions like Mérida and Zulia suffering. Gas stations ration fuel by...

Venezuela Clamps Down on Crypto Mining to Stabilize Power Grid

Venezuela has officially banned bitcoin and other cryptocurrency mining to protect its strained power grid. The Ministry of Electric Power...

Venezuela Imposes 9% Tax on Businesses to Fund Pensions

Venezuela's President Nicolás Maduro introduced a 9% tax on private companies to bolster the country's pension fund. This tax, calculated...

Venezuela Takes Flight: International Air Travel Skyrockets

Venezuela has witnessed a remarkable 222% increase in international flight arrivals this quarter compared...

The Race for U.S. Sanctions Clearance: Oil Firms’ High Stakes in Venezuela

In the competitive global oil industry, firms in Venezuela urgently seek U.S. licenses to maintain...

Venezuela Pushes for Sanctions-Free Economic Zone

On May 14, Venezuela's UN ambassador, Samuel Moncada, announced a notable new initiative aimed at achieving transactional freedom. The country...