"Sugar Confectionery in Venezuela" Published
Overall, 2013 is expected to be a very tough and difficult year for companies operating in Venezuela either for firms which manage manufacturing capabilities inside the country or for those importing finished products. On the one hand, the local currency was devaluated in 46.5% in February 2013, by moving from BsF4.3 per US dollar to BsF6.3 per US dollar. On the other, the new system of currency allocation makes it increasingly difficult to access foreign currency; a situation that definitely...
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