By NNN-Prensa Latina
Caracas : Recovering economic sovereignty rose as development booster in Venezuela and allowed the government announces a package of labor benefits.
President Hugo Chavez declared on May 1 completion of the nationalisation and control by state-run Petroleos de Venezuela S.A. of Franja Petrolifera del Orinoco.
PDVSA now owns 60 percent of shares on an area gauged as the largest world oil reserve rescued from transnational domain since the 90s.
President Chavez called the nationalisation burial of the oil opening, which he defined as harmful to the national economy.
As second news came Venezuela’s exit from the International Monetary Fund and World Bank.
The third May Day announcement was a 20 percent minimum salary increase to 286 dollars that extend to social security, namely pensioners, housewives and handicapped.