Venezuela

France-based Casino has sold its 80% stake in Venezuelan retailer Cativen to the government of Hugo Chávez. In what has been described as a 'friendly' agreement the group's six Exito... 2010-02-16

The Venezuelan government temporarily shut 70 retails outlets in the second week of January in a bid to prevent price-hikes following a devaluation of the currency. The 70 closures... 2010-01-13

Mexican food producer Gruma has announced that the Venezuelan government of Hugo Chávez has taken temporary control of one of its two Venezuelan subsidiaries. Gruma has revealed... 2010-01-04

Colombian coffee roaster and coffee shop operator Café Oma has revealed that its sales in Venezuela have been hit by a decision to apply pricing regulations to speciality coffee.... 2009-12-21

Relations between Venezuela and Colombia are continuing to deteriorate with the Venezuelan President Hugo Chávez threatening to sever all relations after Colombia granted the US... 2009-09-02

The Venezuelan Government of Hugo Chávez has seized control of the country's two largest coffee processors, Fama de America and Café Madrid. Agriculture Minister Elia Jaua has said... 2009-08-04

Relations between Colombia and Venezuela have deteriorated after Colombian officials announced that members of the Colombian guerrilla group FARC were found with Swedish-made rocket... 2009-07-30

The Chief Financial Officer (CFO) of Coca-Cola Femsa has suggested that the Venezuelan government may offer a 'dual' exchange rate as companies are finding it difficult to acquire... 2009-07-28

Consumer price inflation in Venezuela climbed 2% in May compared to 1.8% in April, the Central Bank of Venezuela has reported. Inflation continued on an upwards path despite economic... 2009-06-10

Recently released coffee industry figures show that the Venezuelan coffee sector suffered a particularly nightmarish year in FY09, resulting in an output of 846,000 bags, representing... 2009-05-20