Once a stable democracy and economic powerhouse, Venezuela is now on the brink of collapse and the country is effectively insolvent. Read on for nine hard-to-believe facts about Venezuela's ...

Pros and cons of the OPEC deal for Venezuela. The U.S. share in Venezuela's oil exports remains the same, while India's share slides. China and Russia are ready to invest in the country's oil sector.

This page is no longer being updated. It was last updated on 9 September 2024 Venezuela is one of the most highly-urbanised countries in Latin America. It has some of the world's largest proven ...

The combination of these economic pressures, along with ongoing political and social challenges, underscores the complexity of Venezuela's recovery path. This chart shows key facts about the ...

When we last checked in with Venezuela, the country was already being crippled by shortages. The situation has deteriorated further. Water is now rationed by the government, and some residents ...

All have been declared free and fair including by international bodies such as the EU and Organisation of American States (OAS).In September 2012 former US President Jimmy Carter said “the election ...

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the ...

Oil-dependent Venezuela has been buffeted over the years by volatile prices. The following are some key facts about the economy: * When crude prices soared in the 1970s, a flood of oil dollars ...

One place in Venezuela, near the confluence of the Catatumbo ... We can't keep all that lighting in a bottle, so here are 10 essential facts about the astounding phenomenon. 1.

The following are key facts about Venezuela's banking sector. * Venezuela's banking system includes close to 50 banks and financial institutions with assets worth around $130 billion and a credit ...

Venezuela has been under socialist rule since late president Hugo Chavez won the presidency in 1998. Nicolás Maduro, 61, Chavez’s handpicked successor, became president in 2013, a few ...

These 5 facts explain what you need to know about Venezuela right now. Read More: Inside the Booming Smuggling Trade Between Venezuela and Colombia 1. Feeling the Pinch When we last checked in ...