Venezuela’s economy grew 5.6% in 2012

By Lee Brown, VSC Executive Venezuela’s economy continued to expand rapidly in 2012, growing by 5.6% compared to a year earlier, according to the figures released by Venezuela’s Central Bank in late February. The economy has now grown for the past two years after initially being hit hard by the global economic crisis. The continued…

Venezuela Remembers the Victims of the Caracazo on 24 Year Anniversary

Today, Venezuelans remember the popular rebellion that unfolded 24 years ago on February 27, 1989, an event known as the Caracazo, by paying tribute to the many victims that confronted the neoliberal economic “shock” policies imposed by then President Carlos Andrés Pérez. A spontaneous popular outcry occurred in Venezuela ’s capital city of Caracas and…

Venezuela’s New Labour Law Starts to Transform the Lives of Working People

Labor minister, Maria Cristina Iglesias, announced this week that the Labor Ministry will be instigating and intensifying meetings with public sector and State run companies in the upcoming weeks to ensure the correct application of the newc Labor Law for Workers, which was passed last year and comes into practice this May 7th.“We have had…

ASA Summit expects to strengthen South-South cooperation

The III Summit fo Heads of State and Govenrment of Africa and South America started yesterday in Equatorial Guinea in order to strengthen the South-South cooperation for the benefit of both regions. According to official sources, 29 heads of state and delegations from over 50 countries will attend this summit until February 23. The attending…

Venezuela devalues its currency

By Lee Brown, VSC Executive On February 8th, Venezuela announced a devaluation to its currency, the Bolivar, by 32% from 4.3 to 6.3 Bolivars per US dollar. Venezuela has a fixed exchange rate system, which means the government, rather than the market, sets the official exchange rate. This system was re-established in the aftermath of the 2002 coup…

Latest Wikileaks Show Further US Intervention in Venezuela

The emails also leave the reader in no doubt about whom these people are helping the Venezuelan right-wing opposition: “to answer your question, the US networks are definitely involved. I cannot confirm for you if that specific gentleman is involved, but the usual establishments are”. Edited from a piece by Paul Dobson, writing in a…

Conference: The legacy of Hugo Chavez – Showing There Is An Alternative In the 21st Century

NOTICE! ONLINE REGISTRATION FOR THIS EVENT IS NOW CLOSED – PLEASE COME ALONG TO THE 3RD FLOOR AT ULU FROM 9.30 AM (CONFERENCE STARTS 10.10AM) AND REGISTER ON THE DOOR IF YOU WISH TO ATTEND. Saturday April 27, 9.30am – 5.00pm, University of London Union, Malet Street With: Samuel Moncada, Venezuelan Ambassador & former Education…

National Youth Day Celebrated in Venezuela

Following minute violent demonstrations by extreme right wing university sectors in the past weeks, the revolutionary youth of Venezuela made clear to the country and the world that they are the majority this week with celebrations of National Youth Day. The day, which also commemorates the decisive Battle of La Victoria of 1814, when Jose…

Venezuelans celebrate return of Chávez

People from across Caracas gathered at the Bolívar Square to express their joy at the return of President Hugo Chávez to the country on Monday at 2:30 am. “He’s a great man who has devoted his life to the people and today the people once again take to the streets with joy because our President…

Mothers of May Square celebrate return of Chavez to Venezuela

The President of Mothers of May Square Association, Hebe de Bonafini, has expressed in a statement her admiration for President Chavez, who returned to Venezuela this Monday morning in order to continue with his medical treatment. “… Now you have returned, as you had planned, to your homeland, to your beloved Venezuela . What a…