Help us to disseminate news On Venezuela

Venezuelan real salary has fallen 89.9% by March

Wednesday, March 15, 2017

Venezuelan Gov’t Threatens to Expropriate Bakeries, Jeopardizing Bread

The baking industry in Venezuela is hanging by a thread, after a new threat of expropriation by the regime of president Nicolás Maduro. Bakeries in the South American country must not only face price control, currency controls, and the government monopoly on imported raw materials, but will also be obliged to meet three requirements: continuous production, regulation of raw material, and verification of the legality of their inputs. Vice President Tareck El Aissami announced the establishment of the new regulations for the 709 bakeries in Caracas, the Venezuelan capital, and stressed that the ones that fail to comply will be occupied by the government. More…

No comments:

Post a Comment