Russia backs Venezuela for Security Council seat

Russia's President Putin gave his public backing to President Chávez's campaign for a seat for Venezuela on the United Nations Security Council.

President Putin: Russia may invest billions of dollars in Venezuela

Russian private business may invest billions of dollars in Venezuela with the government's support, the president said.

Russia's Gazprom to help Venezuela develop gas sector

Russian gas giant Gazprom has signed a contract with Venezuela to help plan development of the South American country's natural gas sector, Gazprom has said in a statement.

Tehran and Caracas ink 11 MOUs

Iran and Venezuela signed eleven MOUs (memoranda of understanding). After signing the deals, Iranian President Mahmud Ahmadinejad and his Venezuelan counterpart Hugo Chávez called for further expansion of economic, industrial, environmental, and oil cooperation between the two countries.

Iran will spend $4 billion in 2 Venezuelan oil fields

Iran's state-owned Petropars oil and gas company is investing around $4 billion in the explorations and developments of two oil fields in Venezuela, Iran's Oil Minister Kazem Vaziri Hamaneh said.

Mercosur supports Venezuela for UN Security Council

Mercosur full members expressed support Venezuela for the United Nations Security Council non permanent seat for the coming 2007/08 period.

The Arab League to support Venezuela's candidature for UN Security Council

The Arab League is planning to issue a joint statement to support Venezuela's candidature to a non-permanent chair at the UN's Security Council.

Bachelet: Chile not to accept any pressure

Chilean President Michelle Bachelet spoke up and said Chile will accept no pressure to decide on potential support to Venezuela's attempts at becoming non-permanent member of the United Nations (UN) Security Council.

Mercosur presidents welcome Venezuela to trading block

The presidents from the now five member nations of Mercosur attended the event in Caracas for the official inclusion of Venezuela in to the South American trading block.

One car each? Our planet won't stand for this lunacy
By Hugo Chávez
Published by The Guardian

According to President Hugo Chávez: "If the entire world adopts the energy-consumption patterns and lifestyles of the developed countries, we're heading for disaster".

Elections in Venezuela
Published by The Economist in
"Letters to the Editor"
By Alfredo Toro Hardy, Ambassador of the Bolivarian Republic of Venezuela to the UK

CNE is organising visits from international observers for December elections

President of the National Electoral Council, Tibisay Lucena, informed that the electoral body is making all the arrangements with international observers from the Organisation of American States (OAS) and the European Union (EU), as well as other electoral organisations from Latin America and Canada to define their visit to Venezuela during the presidential elections next December.

The Economist:
Emerging-market indicators

Metal Sector is growing

The national metallurgic sector has been reactivated, reflecting in 20% of recovered jobs during the past year, according to Alfredo Gibbs, President of the Venezuelan Industrial and Mining Association (AIMM).

Venezuela leads growth in the region

According to a report by the United Nations Economical Commission for Latin America (Cepal), Latin American countries will grow 5% this year. This expansion will be leaded by Venezuela and Dominican Republic.

Venezuelan international reserves skyrocket

Foreign reserves totaled USD 31.6 billion, as stated in a report from the Ministry of Finance. Out of this amount, USD 31.8 billion is part of the reserves at the Venezuelan Central Bank (BCV), and USD 750 million is under the Macro-Economic Stabilization Fund (FEM).