Search Results for: Venezuelan

PRODUCTION at Venezuela state oil company Petróleos de Venezuela SA (PDVSA) has slumped under mounting financial pressures, building during the past 15 years when revenues have been tapped by its socialist government to fund social programmes, diplomatic initiatives and other non-commercial policies.…

Even during the desperate economic times currently afflicting Venezuela, quality personal care products remain vital to its consumers: “Beauty is part of the culture,” said Jean Clauteaux, president of L’Oréal’s Venezuela section. Unlike neighbouring markets, he said a key characteristic of Venezuelan consumers is their strong demand for high-end products.…

Food manufacturers based in Venezuela have long struggled to supply the country’s oil-fuelled economy amidst strict government controls and shortages of many key industry inputs. And recent changes to the country’s currency regime could – say analysts and business leaders – intensify existing problems in the industry.…

THE COUNTRIES of Latin America may have strong cultural links, but their politics and economies have always varied and this is still the case with the paint and coatings sector. Whilst the whole region has experienced rising incomes over the past decade, this growth has been far from even and is currently under threat – for instance in Venezuela and Argentina, where interventionist governments have impeded trade.…

Venezuela’s economic woes are weighing heavily on its steel sector, which was already buckling from longstanding labour disputes and related financial problems.

The government in March effectively weakened its currency, the Venezuelan bolivar (VEF) by more than 80% against the US dollar for most transactions, unveiling a new currency market, to combat chronic shortages of key industrial inputs and consumer goods.…

VENEZUELA’S current financial turmoil is compounding problems for the meat industry, where cattlemen and traders alike say they have been severely buffeted by 15 years of socialist rule. “The sector has been bankrupted,” said Rubén Darío Barboza, president of the National Cattle Rancher’s Federation (FEDENAGA).…

Venezuela’s pharma sector is in critical condition as medicine manufacturers and traders are struggling to get their hands on hard currency, hindering them from importing medicines and manufacturing ingredients and materials. US dollars are crucial for most industries in the country’s import-reliant country, which earns most hard currency from oil exports.…

Venezuelan President Nicolás Maduro is seeking special powers to combat the country’s deep-seated epidemic of corruption; this while the country is gripped with severe economic problems, marked by shortages of consumer goods and a lack of foreign currency vital to the business sector.…

DIGITAL innovation and exports dominated discussion at the 31st edition of Liber 2013, Spain’s leading book fair, which ended on Sunday (October 6) in Madrid after drawing 10,000 visitors, compared with 6,000 last year in Barcelona.

And while 450 exhibitors and 300-plus international buyers almost universally framed their comments in terms of recession, robust overseas sales and advances in e-publishing made for a slightly more positive mood than last year.…

VENEZUELA’S economic turmoil is plaguing its pharmaceutical sector leaving its medicine manufacturers struggling to meet market demand. Strict price controls and a shortage of foreign currency are contributing to vacant store shelves in pharmacies across the country. Manufacturers are dependent on imported inputs and lack the hard currency to pay for them.…