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BCV law reform

e project presented by the chairman of the Finance Committee of parliament, Ricardo Sanguino, by a higher central bank’s ability to act more effectively in the development of national economy.The congressman noted that the reform of Article 48 of that Act states that the BCV may receive demand deposits and time, and necessarily, the portion of the lace to be determined form the basis of clearing system, which will operate according with rules issued by that institution. (more…)

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Socialist trade unions low

Some of the proposals that the Socialist Workers Front (FST), brought before the legislative committee that prepared the new Organic Labor Law (LOT).
The leader of the FST, Orlando PĂ©rez, pointed out that social workers ask the National Assembly to ensure the return of retroactive benefits, because now the employer has the opportunity to liquidate a worker each year, causing the devaluation savings. The union leader said that in a system of retroactive benefits accrue and the idea is to stop being a passive job to become an asset to launch the productive apparatus of the state. (more…)

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International Reserves at U.S. $ 33.258 million

International reserves have been virtually no deviation from the level a week ago. Already there are several weeks during which international reserves have proved stable in numbers over 30,000 million dollars. This week highlighted two announcements related to foreign exchange. First, the limited interest aroused by the last issue of bonds by PDVSA for 3,000 million dollars between local investors and the other the announcement of Science and Technology Minister, Jesse Chacon, on Wednesday, (more…)

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