Recent news

Decree number 4,753 has now been published in the Special Official Gazette …

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The faltering economy, which remains propped up by oil exports, has long suffered from hyperinflation …

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The head of the principal employers’ body, Fedecameras, has asked the government to pass a law formalising the replacement of the failed national currency – the  bolívar soberano – with the US dollar …

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US Firm Goodyear Tire ceased all operations in Venezuela on December 10th …

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Minimum wage levels have just been indexed up by 58% to 1,307,646 bolivars (US$130) gross a month, and food subsidies increased by 67% …

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Inflation continues to rocket out of control …

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Venezuelan President Nicolas Maduro has ordered that the national minimum wage be increased again by 50% with immediate effect …

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An income tax exemption has been introduced by the Venezuelan government for residents that have earned net income in the country over the last year …

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Although the official price inflation rate in Venezuela last year was 180 …

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