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Chavez declares victory in Venezuelan election, rival concedes race

(Xinhua)

13:44, October 08, 2012

Venezuela's President Hugo Chavez, casts his ballot during the presidential elections in Caracas, capital of Venezuela, on Oct. 7, 2012. Venezuela held presidential election on Sunday. (Xinhua/David de la Paz)

CARACAS, Oct. 7 (Xinhua) -- Venezuela's Hugo Chavez called his reelection in Sunday's presidential poll "the people's victory" in a late-night speech delivered from the balcony of the presidential palace.

"I would like thank first of all the opposition leadership, because they have recognized the truth, the truth of the people's victory," he said. "That is why I begin by thanking them, because we are all brothers in Simon Bolivar's fatherland."

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