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Shortages in Venezuela of food staples and basic necessities occurred throughout Venezuela's history. [6] Scarcity became more widespread following the enactment of price controls and other policies under the government of Hugo Chávez [7] [8] and exacerbated by the policy of withholding United States dollars from importers under the government of Nicolás Maduro. [9]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
Use of the Internet in Venezuela has greatly expanded, but is mostly concentrated among younger, educated city residents, and centered on the capital, Caracas. The Venezuelan economic crisis caused a prolonged period where Venezuelan had among the lowest speeds in the region, which has been drastically improving starting in 2022. [ 1 ]
Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
17 March – The International Monetary Fund (IMF) turns down Venezuela's request for a US$5 billion (VEF 49.9 billion) loan to fight the COVID-19 pandemic in Venezuela. [5] 26 March – The United States accused President Nicolás Maduro of narco-terrorism and offered a $15 million reward for information leading to his arrest. [6]
Aeropostal Alas de Venezuela: Consumer services Airlines Caracas: 1929 State airline, defunct 2017 P D Agencia Venezolana de Noticias: Consumer services Broadcasting & entertainment Caracas: 1977 National news agency S A Alcasa: Basic materials Aluminum Ciudad Guayana: 1960 Aluminium S A Alimentos La Giralda: Consumer goods Food products ...
During Venezuela's economic crisis, the rate of gold excavated fell 64.1% between February 2013 and February 2014 and iron production dropped 49.8%. [35] The production of steel and aluminium of multiple Venezuelan steelmakers dropped in 2014, with the state-owned steelmaker Sidor having a drop in production of 33.5%, the lowest levels since the 1980s.
Luis Herrera Campins. When Luis Herrera Campins became President in 1979, he received a "mortgaged Venezuela". [1] Viernes Negro in Venezuela was preceded by events such as the departure of Venezuela from the gold standard, the nationalization of oil, and the beginning of a stage of decreasing public spending compared with State revenue.