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    Venezuelan Executive Continues Allocating Funds for “Miranda Satellite”

    Published: 05/10/2012

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    The President of the Bolivarian Republic of Venezuela, Hugo Chávez, approved $4.6 million for the Miranda Satellite, which is expected to be in orbit between September and October 2012, announced the Minister of Science, Technology and Innovation, Jorge Arreza, during…

     

     


    Venezuelan Government Approves $530 Million for 2012 Elections

    Published: 05/09/2012

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    The Council of Ministers of the Venezuelan government approved on Tuesday a budget of nearly $530 million for the National Electoral Council (CNE), the independent branch that oversees electoral processes, to carry out this year’s presidential and regional elections. The…

     

     


    Venezuela’s Organic Labor Law Enters into Force

    Published: 05/08/2012

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    On Tuesday, Venezuela’s Organic Labor Law entered into force under Presidential Decree 8938. The new law, which extends workers’ rights, was drafted based on over 19,000 proposals made by different sectors of the country’s labor force.

     

     


    Venezuela’s Council of Government Allocates $230 Million to Grassroots Groups

    Published: 05/07/2012

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    On Sunday, Venezuela’s Federal Council of Government distributed $230 million to grassroots organizations from seven states throughout the country to help promote local economic development.

     

     


    Inflation in Venezuela Drops for Second Consecutive Year

    Published: 05/04/2012

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    “The positive trend seen in the reduction of inflation for April 2012 continues,” said Venezuela’s Minister of Planning and Finance, Jorge Giordani, during a press conference Thursday at the Central Bank of Venezuela in Caracas.

     

     


    Superior Council To Ensure Compliance with New Labor Law in Venezuela

    Published: 05/03/2012

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    The head of the Presidential Commission for the Organic Labor Law, Nicolas Maduro, announced on Wednesday that a Superior Labor Council will be created to ensure compliance with the new law. The Labor Law was enacted Monday by Venezuelan President…

     

     

    Economy Shows Sustained Growth
    Venezuelan’s Legal Minimum Income is Nearly Twice the Cost of Basic Foods

    Published: 05/02/2012

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    The legal minimum household income in Venezuela based on the 32.5 percent increase in the minimum wage recently mandated by President Hugo Chávez, when added to food benefits, is equivalent to about $700 per month, according to the latest household…

     

     


    New Labor Law Approved in Venezuela

    Published: 05/01/2012

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    The President of the Bolivarian Republic of Venezuela, Hugo Chávez, signed the new Organic Labor Law on Monday at the Miraflores Presidential Palace in Caracas. The law will now be sent to the Supreme Court of Justice (TSJ) so it…

     

     


    New Labor Law to be Approved Today

    Published: 04/30/2012

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    Venezuela’s Minister of Communication and Information Andres Izarra announced via his Twitter account, @IzarraDeVerdad, that President Hugo Chávez will approve the new Organic Labor Law (LOT) on Monday.

     

     


    Government of President Hugo Chávez Has Created 3.4 Million Jobs

    Published: 04/27/2012

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    Employment has increased under the government of President Hugo Chávez, according to statements made by the President of Venezuela’s National Institute of Statistics (INE), Elías Eljuri, during a televised interview.

     

     

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