Inflation in Venezuela registered an increase of 17.3 % in August compared to the previous month, which represents the highest price variation in the last 12 months, according to data published by the Venezuelan Finance Observatory.

With the August data, the year-on-year price variation climbed to 153 %, while in the accumulated figure for the year it already registers 90 %.

The agency explained that the acceleration of inflation during August has to do with the expansion of public spending and the increase in monetary liquidity by 15 %, which have led to the exchange rate being devalued by 36 % during said period. month.

The Observatory suggests the possibility of greater price increases for the following months to the extent that prices absorb the full effect of the devaluation.

On its side, the value of the food basket in August stood at 371 dollars, 21.66 % more than the previous year and 5.23 % less than in July 2022. In relation to the average minimum wage of 16 dollars in August, it represents a significant drop in wages compared to the cost of the food basket. In fact, the minimum wage barely covers 4.3 % of the value of the basket.

The items that registered the greatest increases were Clothing and Footwear (23.9 %), Recreation (23.6 %), Alcoholic beverages and tobacco (22.7 %) and food 15.6 %.

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Source: Infobae

La entrada August inflation in Venezuela was 17.3 % apareció primero en Bitfinance.

Venezuelan President Nicolás Maduro made a series of economic announcements this week, highlighting the creation of a possible cooperation agreement between the country and Colombia.

During the National Council of Productive Economy, the Venezuelan president indicated that he is going to propose to the new Colombian president, Gustavo Petro, the creation of a binational economic zone between both borders.

On the other hand, he indicated that he plans to send a bill to the National Assembly (AN) that seeks to unify tax policy in all regions and municipalities. “To put an end to the tax chaos that exists at the state and municipal level, and harmonize it, unite it with a single national tax strategy.”

One of the most important points he mentioned was the adaptation of the legal system for the protection of Venezuelan consumers. “We have an old, already superseded, defunct Fair Prices Law, defunct in reality, in practice.”

During the working day, the president of the Central Bank of Venezuela (BCV), Calixto Ortega, was also present, who pointed out that the country registers the highest growth in the region during the first half of 2022.

“Concerning the first quarter of 2022, 17.04 %, this is the highest growth in the Latin American region, and we already have an estimate for the second quarter of 2022, the first estimate we have from the private sector is giving us a value of 18.07 % growth”, explained Ortega.

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Source: Contrapunto

La entrada Maduro made economic announcements for Venezuela apareció primero en Bitfinance.

This week the Prosecutor of the International Criminal Court, Karim Khan, announced that the case of Venezuela is going to the investigation phase, a decision that the national president, Nicolás Maduro, did not see with much approval, although he stressed that he is willing to collaborate “to let the truth be known ”.

In the speech, the 51-year-old Briton asked the Venezuelan government for a space for his investigative team to work smoothly within the South American country.

Attached to the statute of Rome and aware of the flaws that exist in the country

Khan stated that, “my office will always work with the Rome Statute, I am fully aware of the flaws that exist in Venezuela, we are not politicians, we are guided by the principles of legality and the rule of law and I will ask everyone at this time As we move into this new phase, give my office to my office the necessary space to carry out their work ”.

In addition, he assured: “Honestly, I will analyze and take into account and I would not like any effort dedicated to politicize the independent work that my office carries out.”

These words he pronounced before the government personalities present at the official meeting, which served to sign an “agreement of understanding.”

With information from DOBLE LLAVE

La entrada ICC will initiate the investigation into Venezuela apareció primero en Bitfinance.

Venezuela announced the appointment of the engineer and politician Yván Gil as the new charge d’affaires with the European Union (EU).

This information was provided by Foreign Minister Félix Plasencia, who also added that the position of vice minister for Europe, in which Gil was, will now be taken over by Daniela Rodríguez.

“Following instructions from President Nicolás Maduro, Yván Gil will be our charge d’affaires with the European Union”, Plasencia highlighted on his Twitter account.

The Venezuelan Foreign Minister did not give details about the reason for these changes that occur after the appointment, last September, of the new EU charge d’affaires in Venezuela, the Spanish Rafael Dochao Moreno.

K. Tovar

Source: VerisonFinal

La entrada Venezuela appoints new charge d’affaires to the EU apareció primero en Bitfinance.

As of this October 5, the border between Venezuela and Colombia will be open again, according to Venezuelan Vice President Delcy Rodríguez.

“We will be opening trade between our countries“, indicates part of what the vice president said. It should be noted that the border crossing was closed since 2019.

From this Tuesday, Venezuela will open its border with Colombia for commercial transit in the state of Táchira, which houses the main crossing with the Andean country.

Local and international media reported that the containers that were blocking the passage through the main border crossing between both nations, the Simón Bolívar-Francisco de Paula Santander bridge, were removed.

“President Nicolás Maduro has asked us to announce to the population of the state of Táchira, bordering Colombia, that, starting this Tuesday, we will be opening trade between our countries,” Rodríguez said in a statement.

K. Tovar

Source: Bancaynegocios

La entrada Border between Venezuela and Colombia reopened apareció primero en Bitfinance.

This Thursday, the first vaccination campaign against the coronavirus begins in Venezuela, after the arrival of the first 100,000 Russian Sputnik V vaccines to the country.

This was announced by President Nicolás Maduro at a press conference from the Miraflores Palace in Caracas, where he indicated that one of the first to receive the vaccine will be the country’s medical personnel.

“On Thursday, February 18, we started the vaccination of all health personnel in the country and the personnel that are prioritized”, Maduro said.

On the other hand, he assured that it is planned for the month of April to start with mass vaccination for the inhabitants of Venezuela.

The vaccination plan includes “authorities who, due to their street work, justify their special protection for the State to continue its march, and also the deputies will be vaccinated in this first stage.”

The doses that arrived in the country represent just 1 % of the agreement reached with Russia for the provision of these supplies to combat COVID-19.

In addition to the 10 million doses agreed with Russia, Venezuela has reserved between 1.4 and 2.4 million AstraZeneca vaccines through the Covax system of the World Health Organization (WHO).

K. Tovar

Source: France24

La entrada Venezuela starts coronavirus vaccination this week apareció primero en Bitfinance.