South America. Travel. Investments. Real Estate. News.
index-February-2007-2.html English News Blog for  Venezuela News Blog February Archive 

Venezuela respects Iran

By Crissy at 02/26/07 11:43

Iran's foreign policy gives priority to the creation of economic activities in Latin American countries. Iranian contractors are very respected in Venezuela.

Original source: Islamic Republic News Agency. Iran keen to expand economic exchanges with Latin America

Venezuela wants other armies out

Venezuela's rebel groups wants other countries' armies to leave Venezuela now. The presence of the other armies is cramping Venezuela's style and hampering insurgency activities in Venezuela.

Original source: Stratfor. FBL Demands FARC, ELN To Leave

Venezuela and Argentina sell bonds

In the second issue of the "Bond of the South", Venezuela and Argentina are going to sell $1.5billion in bonds. Venezuela's contribution will be $750 million of bolivar-denominated bonds, or TICCs, that in 2019 with a 5.25 percent coupon. Argentina's contribution will be $750 million of dollar bonds that mature in 2015 with a 7 percent coupon.

Original source: Bloomberg. Venezuela, Argentina to Sell $1.5 Billion of `Bond of South'

Venezuela sells Cuba oil

Hoping to one day keep the power on for good and stop relying on foreign oil, Cuba has started a wind farm. Even though Cuba produces its own oil it's not enough, so Cuba's entered an agreement with Venezuela to buy 100,000 barrels of oil a day. Cuba gets the oil under preferential terms and Venezuela gets Cuban doctors to help treat the poor.

Original source: Sarasota Herald-Tribune. Cuba opens experimental wind farm

Meat processors shut down

When two meat processing plants were found to not be running at full capacity, the Venezuelan government stepped in and temporarily expropriated them. No indication of how long "temporary" would last was given. It's the government's first use of its new “food security” law that it decreed on February 17.

Original source: Business Day. Venezuela grabs meat processors

Venezuela to manufacture Iranian cars

Saipa, Iran's big car maker, is going to expand its production to five more countries by 2011. The assembly line that Saipa has in Venezuela now will be operational soon.

Original source: PRESS TV. Saipa to make cars in 5 countries

Bolivar world's worst

The bolivar, Venezuela's money, is the world's worst-performing currency thanks to Hugo Chavez's spending habits. Now Venezuelan and foreign companies are pulling out. The bolivar nose-dived 14-percent on the black market and it's putting pressure on Chavez to devalue the currency.

Original source: International Herald Tribune. Currency slumps in Venezuela

Do Venezuelans have rights?

Venezuela consistently tramples the rights of its people. Maybe its people don't have rights anymore. Hugo Chavez closes the news outlets that speak out against him.

Original source: uruknet.info. Whose Rights?

Iranians to watch Venezuelan documentaries

On February 27 the Venezuelan embassy in Iran will gather together a panel of Iranian experts to discuss "Venezuelan Political Cinema". They will watch documentaries that highlight Venezuela's major period of social change including the attempted revolt against Chavez in 2002.

Original source: PRESS TV. Panel to discuss Venezuelan cinema

Rio Group summit March 3

Venezuela is one of the member countries of the Rio Group attending the March 3 conference in Guyana. Consultation and coordination of political issues was the original mission of the group. Other issues sure to be discussed are integration, Haiti, migration, transportation and communication as well as natural disasters.

Original source: Stabroek News. [404 Check: was link to http:/ / www. stabroeknews. com/ index. pl/ article_ general_ news?id=56514920, anchor: Around five heads expected for Rio summit so far]