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Venezuela's largest private company calls government supervision 'arbitrary'

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Venezuelan food and beverage producer Empresas Polar, the largest private company in the socialist country, on Saturday called a new government move to supervise the company's food unit's sales amid rising prices nationwide 'arbitrary.'

FILE PHOTO: People wearing protective masks line up at a vegetables street market during the nationwide quarantine as coronavirus disease continues in Caracas, Venezuela April 23, 2020. REUTERS/Manaure Quintero

Vice President Delcy Rodriguez announced the measure on Friday as part of a slew of steps to try to control prices and slow inflation during the coronavirus pandemic, which together with an acute fuel shortage complicating the transport of goods is prompting a rise in consumer prices.

The move toward price controls marks a shift away from a gradual liberalization of economic policy in the OPEC nation. In the face of U.S. sanctions imposed early last year, President Nicolas Maduro relaxed enforcement of decades-old price controls and eased restrictions on the use of foreign currency.

The government also said it would supervise the sales of Plumrose, a meat producer, and a 180-day intervention at cooking oils producer Coposa. It also announced fixed prices on 27 basic products.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

What, wait. Are there private companies in Venezuela? But, but I was told...

It's good time for you to dust off files of 2015 and 2016 to see what we had to live on that time. Now it will be repeated but in pandemic scenario.

Why could this evil regime still alive ?

Arbitrario es, Lorenzo Mendoza robando al pueblo. Claro, ustedes nunca lo van a decir, porque son parte de la nómina mediática de la polar.

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 /  🏆 2. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

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