
Venezuelan President Nicolas Maduro said Thursday the country would step up its "economic offensive" with an aim to protect fair prices and combat speculation and hoarding. The country's Supreme Court approved a law on fair prices that would impose limits on profits of companies and enterprises, according to Maduro. "This Friday, it will be published on our official journal of the country and then we will start an offensive to set everything straight and give our people a good life," said the president. Maduro called for public support for the "economic offensive" in the coming weeks aimed at building a new economic order. "We want to establish an appropriate balance between the cost of production, imports, maximum gains limited to 30 percent and the fair price of all products for the economy," he said. He said the imported products that had been purchased with dollars would be marked with a special label in order to prevent speculation. The president said these measures were necessary in strengthening the national economy as the country in 2013 saw inflation reach a record-high rate of more than 50 percent. Maduro said he had the obligation to ensure proper management and investment of foreign currencies for the well-being of the people, adding the government would launch a series of meetings nationwide next week with an aim to direct investment
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor