September 29, 2005
During first quarter of 2005 Venezuela reported a growth rate of over 5%

(Research and Markets.com) - "Research and Markets has announced the addition of Investing in Venezuela.

Venezuela is of international economic strategic importance because it is a major petroleum exporting country that exports not only crude oil, but also gasoline, lubricants, jet fuel, bunker fuel and a patented boiler fuel used by electric power plants. Venezuela has the largest oil reserves in the Western Hemisphere and the seventh largest in the world, which makes them a very valuable asset to large oil consuming countries like the United States and China.

Like other oil producing countries, Venezuela has tremendous investment and economic growth potential. Recent increases in demand have allowed Venezuela's economy to climb out of past shortcomings, and growth is expected to soar in future years.

In the first quarter of 2005, Venezuela reported a growth rate of over 5%. In addition, in the first trimester of 2004 alone, Venezuela reported a 48% increase in exports and inflation continues to decrease as result of tight currency control (...)".