Arab Today, arab today maduro government in venezuela will set car prices
Last Updated : GMT 00:38:37
Arab Today, arab today
Arab Today, arab today

Maduro: Government in Venezuela will set car prices

Arab Today, arab today

Arab Today, arab today Maduro: Government in Venezuela will set car prices

Caracas - AFP

President Nicolas Maduro said his leftist government will set car prices in a bid to lower their cost. Maduro, using a newly-acquired power to rule by decree, ordered in an address on state television that "car production be regulated and strengthened in Venezuela, ... to lower the prices of new cars made in Venezuela, and of imports and of used cars." Maduro had promised Sunday that he would decree new regulations on car prices, as part of the special powers conferred on him to combat corruption and so-called economic war. He maintains a "parasitic bourgeoisie" and US interests are out to derail his socialist revolution's economic goals. The decree was to have been signed Monday, Maduro said, but is now awaiting a meeting Tuesday with members of his economic team and the auto industry. The State "will assume control of the vehicle production process and ... set the fair prices" of locally made cars, Maduro added, warning what he called "mafias" who control prices that their days were numbered. New car prices cannot be higher than used car prices, he said, a strangely commonplace phenomenon in this oil-rich OPEC member state, plagued by inflation, currency shortages, blackouts and stagnant growth. People who open foreign currency accounts in state banks, in the coming months, will be granted a license to buy an imported car, Maduro added. No date was given. The president has already used his new powers -- conferred on him for one year by the National Assembly -- to order lower rents for commercial spaces and prevent property owners from asking for payments in foreign currency. He imposed price controls and capped profit margins at 30 percent, and has vowed to arrest shopkeepers who violate his rules. This latest salvo comes just days before Maduro is set to face a key test of political strength on December 8, when municipal elections will take place in the midst of a burgeoning economic crisis. It will be the first vote since Maduro succeeded his political mentor, late leader Hugo Chavez, in April elections whose tight results the opposition has refused to recognize.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maduro government in venezuela will set car prices Arab Today, arab today maduro government in venezuela will set car prices

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maduro government in venezuela will set car prices Arab Today, arab today maduro government in venezuela will set car prices

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday