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… 
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… 
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