DIRS.INFO The most relevant business & tech news

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

☆ Venezuelan liquor cocuy is winning awards, but producers face hurdles
▼ + stars: | 2023-02-27 | by ( Keren Torres | ) www.reuters.com time to read: +5 min

Venezuela's cocuy producers, however, say limited wild crops and the labor-intensive process of making the drink without additives - the prize-winning version of the liquor - are complicating efforts to increase output. Producers say there is no data on annual national production or sales because much of cocuy output is made for local consumption. A liter of 100% agave cocuy can sell for between $18 and $60, while its production costs average about $12 without commercialization costs. Of the 365 cocuy producers in Lara, whose arid and semi-arid climate makes agave abundant, just 70 make the liquor with 100% agave. The difficult production process begins by cutting back the plant's leaves to reach its "head," said Siquisique producer Nelson de la Rosa.

☆ 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.

☆ Venezuelan teachers march for better pay amid sky-high inflation
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

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.

REUTERS/Jesus HernandezEL TOCUYO, Venezuela, Dec 20 (Reuters) - Julio Perez, a 38-year-old auto mechanic, sold his car and tools to make the dangerous journey from Venezuela to the United States. But like many migrants in the two months since the United States changed its immigration policy, he opted to board a plane back to Venezuela. Sandoval trekked through muddy pathways and waste-high rivers, only to find out the news of the Title 42 policy after emerging. "To be told this news was really, really awful after everything I experienced there in the jungle," Sandoval said. Like Sandoval, Perez - who says he would never attempt to cross the Darien again - is still haunted by his journey of broken dreams.

☆ Longtime Caracas bakeries enjoy sweet benefits of dollarization
▼ + stars: | 2022-12-01 | by ( Mayela Armas | ) www.reuters.com time to read: +3 min

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.

☆ Blind Venezuelan boy converts World Cup sticker album into Braille
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

[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.

Search resuls for: "Keren Torres"

7 mentions found