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Concentrate production sector 9.4% of National Budget

On October 27, 2009, In Economic, By the Editor

Calculated at a price of $ 40 per barrel and where it expects growth of Gross Domestic Product (GDP) of 0.5%.Agriculture, transport and communications sectors will be increased funding by the Venezuelan government, which will be used for more than 9,000 million bolivars followed by the industrial sector and trade.For the transport and communications sector is expected to deliver 5.008 million Bolivars that will serve to increase productivity in these areas, (more…)

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Petrobonds and exempt from payment of income tax

On October 27, 2009, In Economic, By the Editor

The measure is intended to comply with the strategy of the combined offer of bonds for U.S. $ 3,000 million “attractive” to “potential investors”.
PDVSA said it was prepared by the Ministry of Economy and Finance to increase “the attractiveness of the program” from 2014, 2015 and 2016, launched by the oil last week. The acquisition of these instruments “is not part of the foreign currency position of financial institutions”, set by the Central Bank at a maximum of 30%. BCV had announced this week that the bonds at 2019 and-2024 which were recently placed by the Government for nearly 5,000 million also will be part of that foreign currency position of financial institutions. (more…)

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BCV law reform

On October 27, 2009, In Economic, By the Editor

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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You should join a penny stock newsletter. These tell you when to enter and exit the market. One that I highly recommend is Microcapmillionaires. For a start they are Offering 3 Free Stock Picks For a Limited Time. This Offer Will End Once a Reasonable Amount of Subscribers Have Been Reached. So go HURRY try them for free...



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