Tuesday, June 3, 2008

Chavez to make a series of announcements this week on measures to be taken to stimulate national production

President Hugo Chavez Frias is planning a series of announcements this week on measures to be taken to stimulate national production. Announcing the news on his Tuesday morning "Communications in Times of Revolution" radio show on 'La Nuestra' 102.9FM, Communications & Information (MinCI) Minister Andres Izarra explained that the country's productive capacity in the majority of industries is at full throttle and for that reason the Executive is to announce a series of measures to encourage both public and private producers to raise their production capacity as well. "In general there will be a a series of incentives offered by the State, such as funds for loans, tax incentives, among others ... it's good that we are on top of the situation, since the measures scheduled to be announced this week by the Head of State are of much significance for the national productive sector."

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