Search Results for: Venezuela

THE DIRECTOR general of the European Apparel and Textile Confederation (EURATEX) has called on the European Union (EU) to keep pushing for a free trade deal between the EU and the Mercosur trade bloc, notably because it is dominated by Brazil (also including Argentina, Paraguay, Uruguay and Venezuela), which today remains a tough market for the European textile industry.…

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.…

Colombia has perhaps the strongest reputation in Latin America for playing host to powerful illicit drug cartels and their related money laundering. As a result, it is perhaps reassuring that over the past three years, the Colombian government, through the country’s Attorney General’s Office, seized between USD1 billion and USD1.2 billion, according Luis Edmundo Suárez, Colombia’s Unidad de Información y Análisis Financiero – financial information and analysis unit (UIAF).…

While grappling with chronic shortages of many consumer staples, Venezuela is now looking to boost its supply of medicines and strengthen national healthcare system through its role in as president of the South American trade block, Mercosur.

The government journal El Correo del Orinoco, reported last month that Esperanza Briceño, president of the Rafael Rangel National Institute of Hygiene, would work with Mercosur members to “guarantee medicine access for the entire population.”…

ALTHOUGH Colombia’s pharmaceutical sector has enjoyed growth over the past few years, new price controls could disrupt the sector’s expansion if they are poorly planned, industry representatives claim.

Their concerns focus on the reaction to maximum price controls on medication recently approved by the government.…

E-books now look more like evolution than a revolution in Spain. Overall sales of books were Euro EUR2.47 billion last year, down 10.9% on 2011 and 28.9% below 2008. E-book sales were EUR74.3 million, just 3% of the sector, representing 54,714 copies sold.…

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.…

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.…