When Maduro 'defeated hyperinflation…' and Killed the Banking Sector
In a typical bank agency office in Caracas, every day feels like Sunday. There are no lines of clients anxiously holding folders or in a rush to cash...
Tag: economy
The End-of-Year Slump
The relative peace that came with dollarization and economic recovery is losing steam. Price increases in dollars are spoiling the merry climate Maduro is interested in promoting
Bootlegging Undermines Venezuela's Liquor Industry
Venezuelan manufacturers create new products appreciated in international markets and win awards abroad, but within our borders, they struggle to compete with dangerous alcohol made underground or beverages introduced through contraband
Is the Pax Bodegónica Coming to an End?
An organized and effective protest campaign in the public sector and the sudden rise of the street dollar are bursting the bubble of a very relative economic recovery and political peace in Venezuela
What Makes Venezuelan Cacao So Good
A peculiar combination of nature, culture, and scarcity makes Venezuela the country with the highest wealth in cocoa genetics and diversity. But that treasure needs to be protected
Illicit Trade Represents 21% of Venezuela’s GDP: Is This Our Post-Oil Future?
Research by Transparency International Venezuela and Ecoanalítica estimated the size of the criminal economies that deal in gold, drugs, and gasoline with the enthusiastic participation of a corrupt State
In Venezuela, Foreign Companies Are in Survival Mode
Many transnational companies fled the country, others are still trying to sell their assets to local capital, and there are those who decided to stay and adapt
The Brands of the Revolution
Traditional brands are competing for the meager purchasing power of Venezuelans with knockoff brands and imported items that pay no taxes or comply with sanitary and quality regulations
Is Venezuela Doing Better?
Given that this question is becoming more frequent and is triggering more intense fights, we took a survey among our circles. What we found taught us a lot about how Venezuelan reality is perceived from the inside and outside
The New Tax that Could Deflate the Economic Recovery
Business leaders and economists warn that punishing transactions in USD, as the Maduro government is preparing to do, can reignite inflation and increase informality
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