Venezuela and Russia signed 18 agreements to promote economic cooperation

Venezuela and Russia signed 18 agreements, including letters of intent and memorandums of understanding, to boost their collaboration.

Venezuela's Chávez says fund set up for projects with Russia

Venezuela's President Hugo Chávez has praised the dynamically developing trade relations with Russia and the results of a conference of Venezuelan and Russian businessmen.

Iran and Venezuela signed cooperation accords to boost economic bilateral ties

The 29 cooperation accords, including agreements for Iran to help Venezuela develop an oil field, restore a shipyard and build factories to produce petrochemicals, cement, gunpowder, small aircraft and cars, were inked during Iranian President Mahmoud Ahmadinejad's visit to the Latin American country.

President Chávez promotes private investment

During the broadcast of his weekly TV programme 'Aló Presidente', Hugo Chávez announced the creation of a joint investment fund with China of $5,000 million. 60% of this amount will be given by Beijing.

The Economist: Venezuela second fastest growing economy in the emerging world

The poor sectors have regained purchasing power

According to President of Datanálisis, Luis Vicente León, thanks to the intensification of Chávez's social policies, the poorest people in Venezuela have regained their purchasing power.

Extreme poverty down to 10,6%

Elías Eljuri, President of the National Institute of Statistics (INE), said that during the first quarter of 2006 there was a reduction in the amount of poor homes as well as homes in extreme poverty. 33.9% of Venezuelan homes are poor and 10,9% live in extreme poverty.

Foreign overseers may be present before and after election

International observers may attend all the stages before and after the election for president next December 3rd, National Electoral Council (CNE) Vice-President Janeth Hernández stated. This, in her view, shows that the polls will be completely reliable and transparent.

EU delegation arrives to Venezuela

The process of international observation during the presidential election will begin next week when the European Union sends their explorative delegation.

Chávez boosts Chomsky sales

"If he ever tires of running Venezuela, Hugo Chávez would make an outstanding book club president, judging by his impact on Noam Chomsky's book sales.

Venezuelan influence grows as shipbuilding plans take shape

"Hugo Chávez, has carved himself a position as arguably the most influential man in Latin American shipping. Ambitious plans to build up to 42 tankers, a state-of-the- art shipyard and develop intra-regional tanker routes are behind Venezuela's growing influence on the region's shipping industry.

PDVSA breaks ground on US$13bn Cigma natgas complex

Venezuela's state oil company PDVSA has begun construction of the US$13bn Cigma natural gas-processing complex project in Sucre state.

Re launching of energy complex in Paria

A huge industrial complex of 6,300 land and 11,000 marine hectares in the western coast of Venezuela is among the plans of President Chávez to make Venezuela a world power in the energy sector.