Amid the power outages in Venezuela, the president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, proposes including the private sector in the supply and marketing of services through a legal reform.

According to Rodríguez, this is the objective of a reform to the Organic Law of the National Electricity System, and he emphasized that “the current legal framework prevents the private sector from generating and marketing electricity. For this reason, the aim is to make the regulations more flexible and allow electricity to be viewed as a service-providing business.”

The union leader added that several issues related to the topic, such as streamlining procedures, the tax burden, and bank financing, are still pending. These topics will be addressed at the 56th National Assembly of Consecomercio, to be held in Barquisimeto, Lara state, on May 21 and 22.

M.Pino

Source: elnacional

(Reference image source: Fer Troulik on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Consecomercio proposes including the private sector in the legal reform of the electricity system apareció primero en Bitfinance.

The president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, indicated that Venezuela’s economic growth could exceed 10% by the end of 2026.

Regarding the commercial sector, the president of the business association emphasized that it is expected to experience a rebound of 3 % to 4%  by the end of this year.

As Rodríguez stated in a television interview, “this positive trend will become more evident as the year progresses.” He added that economic growth will be reflected in the second half of 2026, “because the measures that can be adopted today are the product of a process.”

He emphasized the importance of a balance in key factors such as “tax burdens, financing, the simplification of administrative procedures, and attracting investment. For Rodríguez, the sustainability of growth depends on a comprehensive vision.”

On May 21 and 22, Consecomercio will hold an assembly in Lara state, where stakeholders in the sector will address essential and strategic issues related to national economic development.

M.Pino

Source: ultimasnoticias

(Reference image source: Fejuz on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Venezuela’s economic growth expected to exceed 10 % by the end of 2026 apareció primero en Bitfinance.

The president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, forecasts a possible 10 % increase in sales in December.

Rodríguez referred to the last month of the year, when Christmas shopping boosts the market, while acknowledging that merchants face various challenges related to the exchange rate differential, but also linked to the inflation rate, with an average estimate of 250 % by the end of the year.

The executive urged authorities to conduct a review of the tax issue and specified that “more foreign currency must be allocated to priority areas, to areas considered important, because otherwise, this will translate into price increases and adjustments, and ultimately, the market will have a significant impact.”

According to Rodríguez, “63 % of the population lacks significant purchasing power and is limited to purchasing food, medicine, and toiletries. What we would like is to sell much more volume, not adjust prices, but we have some realities that we have to face.”

M.Pino

Source: bancaynegocios

(Reference image source: Artem Beliaikin on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Consecomercio estimates a 10 % increase in sales in December apareció primero en Bitfinance.

The president of the National Council of Commerce and Services (Consecomercio), Gustavo Valeillos, indicated that the organization predicts 40 % inflation in Venezuela by the end of this year.

Valecillos stressed “the commitment of the business sector” in terms of its contribution in terms of “public policies that stimulate productivity to ensure that Venezuelans can cover their needs.”

According to Consecomercio estimates, the country could close 2024 with 60% inflation, unlike last year when hyperinflation was experienced and the closing was at 190 %.

For his part, José Gregorio Rodríguez, regional coordinator of Consecomercio, stated: “It is our responsibility to contribute to proposing public policies that stimulate productivity with the objective of ensuring that Venezuelans have a welfare state that allows them to cover their needs.”

The first vice president of Fedecámaras, Felipe Capozzolo, referred to the importance of cooperation between the public and private sectors and added that in order to strengthen the presence of more products, more companies and more entrepreneurs in the market, in addition to the need to “control the exchange rate differential in order to increase productivity.”

M.Pino

Source: talcualdigital

(Reference image source: Getty Images for Unsplash+)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Consecomercio predicts closing the year with 40 % inflation apareció primero en Bitfinance.

The president of the National Council of Commerce and Services (Consecomercio), Gustavo Valecillos, Venezuela will close this year with a growth of the sector between 2.5 % and 3 %.

Valecillos trusts in the ongoing efforts to reduce the exchange rate gap between the BCV dollar and the parallel market dollar, as a way to face its effects on the economy.

He emphasized Consecomercio’s effort to comply with the legal exchange rate of the BCV, “so that we cannot compete against an informal merchant, who does not pay any type of tax, neither national nor regional.”

Valecillos believes that the current inflationary process is a consequence of the gap between the official dollar and the parallel dollar, which boost the modification of the prices of goods and services.

He referred to the dynamics of the economy in the last quarter of the year, when public spending increases, there are more bolivars on the street and therefore the demand for foreign currency increases.

“We are prepared, and we have warned that the inventories were paid in foreign currency and if they want to replenish those inventories they must be collected in foreign currency, this has been difficult, but they maintain their dynamics and the expectations that the months of November and December will be the ones with the greatest operations for some seasonal sectors such as toys, clothing, footwear,” he explained.

In this sense, efforts are aimed at closing the year with a growth of 2.5 % or 3 %. Valecillos indicated that “the general economy, based on the studies they have received, should grow a little more, approximately 5, 6 or 7 %.”

M.Pino

Source: elimpulso

(Reference image source: Dennis Siqueira in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Consecomercio expects to close the year with growth between 2.5 % and 3 % apareció primero en Bitfinance.

The National Council of Commerce and Services (Consecomercio) called for the reactivation of the economy in Venezuela last Thursday, in a meeting with merchants and service providers.

Given the uncertainty prevailing in the country after the presidential elections on July 28, the organization advocates for the progressive restoration of commercial activity. On the other hand, he urged that private and public property be respected.

In a statement, Consecomercio stressed “the need to restore trust and establish conditions that favor commercial development,” in addition to reaffirming “its commitment to the rights of businessmen and consumers.”

From the organization they indicated that despite the slowdown in commercial activity, Consecomercio anticipates a gradual reactivation in the short term through trust, which requires the “creation of understanding mechanisms with the participation of actors from all sectors.”

According to the organization, it is essential that human and economic rights are respected, within “democratic principles that seek, above all, the well-being of citizens.”

M.Pino

Source: correodelcaroni

(Reference image source: Nathália Rosa in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Consecomercio calls for reactivation of the economy in Venezuela apareció primero en Bitfinance.

The president of the National Council of Commerce and Services of Venezuela (Consecomercio), Gustavo Valecillos, highlighted the recent signing by the country of an agreement proposed by the World Trade Organization, which would help achieve the goal of simplifying trade in services.

According to Valecillos, the agreement “will benefit the logistics sector through the simplification, facilitation, standardization and harmonization of customs processes.”

He described Venezuela’s accession as an important and significant step. In addition, he referred to the upcoming “promulgation of the Non-Petroleum Export Promotion Law, which is currently being drafted, we are sure that the entire country will benefit.”

Venezuela has demonstrated, with the signing of the agreement, its firm purpose, through Consecomercio, to optimize the internal commercial and economic infrastructure, as well as implement the necessary policies for the development of international trade, in accordance with the proposals of the 53rd Assembly of Consecomercio in Puerto Cabello.

Benefits for the logistics sector in Venezuela

The signing of the agreement proposed by the World Trade Organization can generate benefits for “the growth and professionalization of the logistics sector to facilitate international trade,” according to Gretsy Marín, president of the Association of Freight and Customs Agents of Venezuela (Asocav).

He stressed that “investments must be encouraged in safe conditions, the development of logistics facilitation areas such as warehouses specialized in services to the export sector, improvement of infrastructure by land and in communications situations, satellite monitoring of all exports that leave To make.”

M.Pino

Source: globovision

(Reference image source: CHUTTERSNAP en Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Venezuela signs global agreement to simplify trade in services apareció primero en Bitfinance.