Venezuela is in recession since the second quarter of 2014

Venezuela fell into recession in 2014 with a falling of its GDP for three consecutive quarters, and recorded an annualized inflation record in the continent of 63.6% in November, according to data released this Tuesday by the Central Bank of Venezuela (BCV). The GDP contraction...

Venezuelan Justice formally indicts Machado of “conspiracy” against Maduro

The former opposition lawmaker Maria Corina Machado was formally charged this Wednesday by the Venezuelan Public Prosecutor of “conspiracy” in a plot to assassinate President Nicolas Maduro. The prosecution charged Machado “the crime of conspiracy” by...

UN Request for release of Leopoldo López is rejected

The court in charge of the case against the Venezuelan opposition leader Leopoldo Lopez, yesterday rejected the recommendation of the UN group that called for his immediate release, reported his lawyer. The request for release was filed by the legal team defending Lopez before...

López desists of attending trial and requires the liberation request of the UN to be revised

Leopoldo López, Venezuelan opposition leader, today demanded to the court in charge of his case to rule on a recommendation from the UN for his release, to go back to the hearing of his judicial process. “The UN issued statement qualifying of arbitrary my detention and...

Venezuela cancels $ 3,000 million corresponding to debt bonds

Nicolas Maduro’s government canceled 3,000 million dollars corresponding to the bonds of the state oil company PDVSA in 2014, which are due today, announced on Friday the Finance Minister Brigadier General Rodolfo Marco Torres. “We count on the total amount of...

Venezuela is elected as non-permanent member of the Security Council of the UN

Venezuela, was elected Thursday as a non-permanent member of the Security Council of the United Nations (UN) in a vote of the UN General Assembly. In addition to Venezuela, Angola, Malaysia and New Zealand were elected with two-thirds of the votes required. A second ballot will...

Leopoldo Lopez’s trial fulfilled its 5th hearing and will continue on October 14

The trial against radical opposition leader Leopoldo López, accused of calling for violence in the protests that from February to May hit Venezuela with a toll of 43 dead, was resumed on Tuesday. At the fifth hearing, which started almost two hours late and counted with the...

Venezuelan opposition choose the new MUD’s leader

The Bureau of Democratic Unity (MUD for its Spanish acronym), formed by the Venezuelan opposition this Wednesday named officially as head of the Executive Secretariat of the MUD, the journalist Jesús Torrealba. Torrealba, replaces in the position to Ramon Guillermo Aveledo, who...