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But by January of this year, faced with rising rent, increased taxes and financing constraints, he closed it down. The government of Nicolas Maduro relaxed currency controls in 2019, allowing more transactions in dollars despite U.S. sanctions. The move led to a slight recovery in 2021 and 2022 after eight years of economic collapse and the migration of some 7.3 million Venezuelans. 'NO BUYING CAPACITY'Other businesses which have survived said they were slashing prices, salaries and profit margins to stay afloat. "Structural economic problems like scarce credit, an absence of recovery in public utilities, among others, were not resolved."
Persons: Enrique Perrella, Nicolas Maduro, Maduro, Yaner Fung, Fung, Ecoanalitica, Jesus Palacios, Migdalia Uviedo, Ivan Puerta, restaurateurs, Giulio Gallucci, Mayela Armas, Keren Torres, Tibisay Romero, Johnny Carvajal, Julia Symmes Cobb, Vivian Sequera, Rosalba O'Brien Organizations: Venezuelan Finance Observatory, Retailers, Restaurants, Thomson Locations: CARACAS, Caracas, Barquisimeto, Valencia, Ecoanalitica, Mexican
Venezuela public sector workers march for better salaries
  + stars: | 2023-01-23 | by ( ) www.reuters.com   time to read: +2 min
[1/5] A demonstrator holds a placard that reads "Together for a living salary", during a march by teachers, health workers, workers' unions members and members of the opposition to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation, in Caracas, Venezuela January 23, 2023. REUTERS/Leonardo Fernandez ViloriaCARACAS, Jan 23 (Reuters) - Hundreds of public sector workers including teachers, nurses and retired police officers took to the streets in Venezuela on Monday to demand better salaries and pensions at a time when the government of President Nicolas Maduro faces growing inflation. Workers in Venezuela's education and health sectors have held three peaceful demonstrations in a dozen cities so far this year to demand more money. In Maracaibo, the capital of the once-powerful oil-rich Zulia state in northwestern Venezuela, protesters marched to the governor's office. "With a (monthly) salary of just $10 it's impossible for a family of four or five people to survive," Jimenez, 56, said.
Jan 16 (Reuters) - Teachers, retirees and workers' unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation. The minimum monthly salary for a public school teacher is about $10, while university professors earn between $60 and $80. I earn 460 bolivars a month (about $23)," said Odalis Aguilar, a 50-year-old teacher who marched in the city of Maracay. In the central state of Carabobo, teachers and public employees also held demonstrations, saying salaries do not cover the cost of food and medicine. Over the weekend the government paid public employees a bonus equivalent to $29.80.
CARACAS, Dec 1 (Reuters) - After years of struggle, veteran bakeries in Venezuela's capital Caracas are cooking up a variety of delectables, in the latest sign that the country's slight economic boost is reviving some family-owned small businesses. Dollarization meant freedom from the troughs and peaks of Venezuela's local currency, extra dough for spending in some sectors, and greater ease for importing certain ingredients, like wheat flour. Processing and distribution of wheat flour was under state control for years and supplies were intermittent, leading to lower production, while Venezuelans saw bread rationed. Venezuela imports wheat flour for processing. Despite the county's economic improvement, low salaries remain a hurdle for bakeries looking to grow.
[1/3] Sebastian Filoramo, 12, a visually impaired boy who adapted the FIFA World Cup Qatar 2022 Panini card album to Braille, checks his album in Barquisimeto, Venezuela, November 8, 2022. REUTERS/Keren TorresBARQUISIMETO, Venezuela, Nov 10 (Reuters) - A blind 12-year-old Venezuelan soccer fan has found a way to participate in the craze of collecting World Cup soccer stickers, by adding Braille to them. Sebastian Filoramo, from the western city of Barquisimeto, began the initiative with the support of his parents and school teacher a few months ago by buying and labeling the album stickers with a Braille machine. To complete the album for the Qatar World Cup, which kicks off on Nov. 20, some 600 stickers are needed. Reporting by Keren Torres in Barquisimeto; Writing by Steven Grattan; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
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