Venezuela business organizations will challenge in court latest measures by Maduro administration

Thursday, February 6th 2014 - 05:06 UTC

Full article 4 comments

A leading Venezuelan businessman rejected a new presidential decree limiting the profit margins of companies, vowing to take the fight all the way to the country’s Supreme Court. The President of the Venezuelan Federation of Chambers of Commerce and Industry (Fedecámaras) Jorge Roig, announced he had the backing of his organization and other business leaders. Read full article

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Anglotino
They'll so win because the courts are independent...... hang on a minute.
Feb 06th, 2014 - 07:23 am - Link - Report abuse 0
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ElaineB
@1 I suspect they know that but bringing it to court highlights their position in a country with a highly controlled media. JMO
Feb 06th, 2014 - 10:55 am - Link - Report abuse 0
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Jack Bauer
Win or lose, it'll send a clear message to the other MercoSur partners, so they can't later allege they didn't see it coming.....they should tell VZ to f**k off until they get rid of Maduro and establish a free-market economy...
Feb 07th, 2014 - 09:09 pm - Link - Report abuse 0
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ilsen
“just sayin” , as they say....
http://dolartoday.com/hay-comida-se-acentua-el-racionamiento/

The courts are owned by the Chavistas, the Press is muzzled, websites are blocked and my family are going without basic goods and foodstuffs...

So, for those in the real world;
A Public Service Announcement * Feb 9, 2014
--- Official Bolivarian ‘Wonderland’ Exchange Rate in Venezuela ---
BCV 6.3Bsf / 1USD (SICAD 11.3Bsf /1 USD)
----Today’s Reality Cheque --- The ‘Lechuga Verde’ or ‘Blue Dollar’
81.15 Bsf / 1 USD
107.44 Bsf / 1 Euro
See http://dolartoday.com/hay-comida-se-acentua-el-racionamiento/
Brought to you by Ilsen Publications ©2014 (*because dolartoday.com website is blocked in Vnzla by the current ‘administration’/dictatorship and the Press are banned from reporting it)
To show how different exchange rates impact normal consumers in Venezuela, Reuters calculated that a McDonald's Big Mac Combo would cost $2 at a black market exchange, $14 at the Sicad rate and $25 at the official exchange rate.
(any comments about a BigMac Diet will be received with derision, as this is merely an Example Index)
world... why aren't you listening? Argentina? Hello? Ecuador? get out now!
Feb 09th, 2014 - 03:23 am - Link - Report abuse 0
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