Costa Rica, Thursday 14 January 2010


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Chavez Announces Expropriation of Sugar Mills

CARACAS -  Venezuelan President Hugo Chavez announced on Wednesday he signed the authorization to expropriate three sugar mills that will turn into social property.

We are going to expropriate sugar mills Venezuela, Casta, in the state of Tachira, and Torondoy to turn them into social property, Chavez said this on Tuesday midnight in his Venezolana de Television program "La Hojilla."

All procedures establishing in the Constitution have been fulfilled, the statesman noted. He also said he will expropriate "La Batalla" agricultural mill, located in the state of Barinas.

The president also stated that the country is analyzing a bill to be sent to the National Assembly, to create the Academy of Agricultural Sciences.

Chavez also stressed that he will also participate in a credit delivery ceremony today afternoon by the Bi-Centenarian Bank, comprised of Banfoandes and those placed in administration Bolivar, Confederado and central Universal Bank, starting their duties on December 21.
   
 

 

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