The industrial sector in Lara State, Venezuela, has shown a slow but steady reactivation, according to Joel Segura, president of the Federation of Chambers and Associations of Commerce of the region, who spoke last week.

According to Fedecámaras Lara, “after a period of inactivity, the metalworking industry in the state restarted operations within the framework of the hydrocarbon investments announced for the country.”

According to Segura, the reactivation of the metalworking industry has begun, “which served the oil sector, basic industries, and sugar production, including high-level foundries.”

The union leader clarified, however, that the sector’s reactivation is progressing “slowly but steadily.” They have started the search of skilled labor, “primarily engineers in the fields of electricity, mechanics, electronics, computer science, and chemistry; as well as professionals in administration and logistics specialists.”

The goal is for this reopening to help boost the reactivation of other economic sectors such as commerce and construction.

M.Pino

Source: bancaynegocios

(Reference image: Jakub Żerdzicki on Unsplash)

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La entrada Fedecámaras Lara expects slow but steady growth in the sector apareció primero en Bitfinance.

The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Felipe Capazzolo, spoke about the economic recovery plan proposed to government authorities. This plan focuses on new business models, import substitution, and increased exports.

It also proposes attracting investment and a market penetration mindset. According to Capazzolo, it is essential to be mentally prepared for growth.

The executive asserted that the country can develop a plan with effective solutions. “We can have a fairly clear objective, and I am sure that we can raise our Gross Domestic Product (GDP), employment, and investment figures, and we can be on a more developmental path for the country,” he emphasized.

Regarding exports during the past year, “the trade association representative explained that there is significant room for improvement in Venezuelan exports, and there is much work to be done. That is why the focus and emphasis are on the capacity and the will to export.”

He added that “in 2023, Venezuela exported 19 billion dollars, of which slightly less than 3 billion came from the non-oil, non-gold, non-extractive sectors of the economy.”

There is still a long way to go, Capazzolo said, as the focus remains on the export of raw materials. According to the president of Fedecamaras, the next big step is exporting finished products: “Exporting with added national value means exporting good services. The crucial step is exporting the sacrifice and ingenuity of our people embodied in a high-quality product recognized internationally.”

M.Pino

Source: meridadigital

(Reference image source: CHUTTERSNAP on Unsplash)

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La entrada Fedecámaras proposes a plan to increase exports from Venezuela apareció primero en Bitfinance.

In the context of the 81st Annual Assembly of Fedecámaras, the president of the institution, Adán Celis, highlighted the strong commitment of José Simón Elarba, president of the Board of Directors of Bancamiga, describing him as a man who “trusts our work and firmly supports Venezuela.”

For his outstanding collaboration and efforts to benefit Venezuelan business, Elarba was honored Thursday night at the event held in Valencia. Celis highlighted his active role in boosting the national economy and his unwavering support for the Federation.

Before presenting the awards, the top leader of Fedecámaras praised Elarba and seven other business leaders for their unwavering commitment to the country, noting that these business leaders “understand the importance of collective work and have reached out in difficult times.”

He emphasized that the honorees are “Venezuelans to the core, who continue to invest in and promote the country’s development.”

Elarba: “The honor also belongs to the bank’s more than 1,000 employees, whose work drives the financial sector and national growth”

The Chairman of the Bancamiga Board of Directors reiterated the union commitment of the financial institution he leads, highlighting the value of supporting Fedecámaras, an organization that works for the overall well-being of Venezuela.

Upon receiving the distinction and recognition in front of hundreds of businesspeople, José Simón Elarba expressed his gratitude and satisfaction and dedicated the honor to all the employees of Bancamiga and the companies he represents, whose efforts foster national progress.

This recognition reaffirms the fundamental role played by business leaders committed to the country’s growth and economic stability.

With information and reference images provided by the 81st Annual Meeting of Fedecámaras and Bancamiga Banco Universal

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The second vice president of Fedecámaras, Tiziana Polezel, stated last week that the commercial sector’s dynamics were minimal during the month of March. She noted that the first quarter was slow.

She cited the exchange rate differential as the main cause of this, adding that “movement is minimal, and this impacts the entire production chain.”

On the other hand, she highlighted the current problems facing the business sector, marked by “high tax rates that encourage informality and business closures.” As a result of high taxes that leave no room for profit, businesses are considering abandoning formality or closing.

Polesel also mentioned other reasons for this slow and stagnant context, such as deficiencies in the provision of basic public services, which lead to increased operating costs for businesses and companies, which are impossible to reflect in final products due to low demand.

The second vice president of Fedecámaras emphasized “the implementation of the Tax Harmonization Law, noting that most municipalities set their taxes at the maximum limit, without considering whether these rates are viable for taxpayers, generating unmanageable increases.”

M.Pino

Source: bancaynegocios

(Reference image source: Kleomenis Spyroglou on Unsplash)

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The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Adán Celis, reiterated the need to adjust the comprehensive monthly salary of workers to $ 200.

During his participation in the roundtable discussions between business leaders, unions, and government representatives in Nueva Esparta, the official also spoke about the importance of the country moving toward a new labor model, adapted to new times, where companies can maintain financial balance and the workforce receives better benefits.

Celis indicated that “while setting the minimum wage is the responsibility of the national executive branch,” the private sector “is promoting alternative remuneration models through direct agreements between workers and employers.”

The president of Fedecámaras emphasized that these dialogue tables also seek to “leave behind the system based on a rentier economy, a traditional model of accumulating labor liabilities that is no longer viable because it often does not translate into real benefits for workers and creates financial problems for companies.”

M.Pino

Source: elnacional

(Reference image source: Glenov Brankovic on Unsplash)

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