The president of the Venezuelan Confederation of Industrialists (Conindustria), Tito López, indicated in an interview for Radio Fe y Alegría Noticias, that 80 % of the Venezuelan manufacturing industry is operational, after the earthquakes of June 24.

According to the union member, “the damages recorded so far do not compromise the supply, production or distribution of goods.”

López explained that “only 6 % of the companies reported moderate damage and another 14% presented slight damage, mainly in some plants in the food sector and in industries located in the Yaracuy state.” Regarding companies in the states of Carabobo, Aragua, Lara and others in the central region, including Miranda, he stressed that they maintain their operations following the corresponding security protocols.

He added that “the regional chambers and the different sectors are working together with the affected companies to complete the repairs in the coming days.” The exception is a vegetable oil processor located in the Veroes municipality, Yaracuy state, which temporarily suspended operations due to the damage suffered.

López has ruled out shortages of goods and products in the national market, since production and distribution continue normally.

Conindustria proposed the application of fiscal measures to support the recovery of the affected areas, such as “reviewing exemptions from VAT, Income Tax and some import taxes, especially for essential inputs.” Also, they ask you to avoid nervous buying of medications.

M.Pino

Source: radiofeyalegrianoticias

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La entrada Conindustria affirms that 80 % of the manufacturing industry in Venezuela remains operational apareció primero en Bitfinance.

Data presented by Conindustria reports that 58 % of SME owners in Venezuela face a lack of foreign currency as the main obstacle to production.

The currency auction in the national banking system is considered insufficient and discretionary, and is designed to exclusively benefit “large food and health corporations, leaving medium-sized manufacturers of chemicals, plastics, and technology empty-handed.”

The industrial sector points to a “drought of official dollars” that has led companies to take refuge in cryptocurrencies to cope with this lack of foreign currency and inflation in order to maintain production.

Digital currencies are an alternative given the difficulty in obtaining funds through traditional means. In this regard, analysts warn that as long as auctions remain limited — registering a 13% drop compared to the previous year — the economic recovery will be fragile.

The president of Conindustria, Tito López, recently pointed out that the paralysis of SMEs, due to the lack of foreign currency, “puts the entire supply chain at risk” as a consequence of insufficient financial support.

M.Pino

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La entrada Venezuelan companies turn to cryptocurrencies amid dollar shortage apareció primero en Bitfinance.

The Venezuelan Confederation of Industries (Conindustria) anticipates that the sector could experience double-digit growth by the end of 2026.

Currently, it reports an operating capacity of 52.7 %, according to the report presented by Tito López, president of Conindustria, “and seeks to attract international investment to reach 80 % production.”

The trade association has presented an optimistic assessment of the performance of the national manufacturing sector, “with a 5.4 % recovery in industrial capacity by the end of 2025.”

The available margin, close to 47 %, is seen by industry leaders as key to Venezuela’s strategic positioning in global markets, particularly for attracting foreign investment.

Regarding expectations for the end of 2026 and the beginning of 2027, Conindustria’s technical estimates range between 12.5 % ​​and 12.7 %. According to López, this year is one of economic consolidation, where not only will there be a greater supply of domestic products, but also a boost in formal employment and an improvement in the competitiveness of Venezuelan products compared to imports. The goal is clear: to transform incipient growth into sustained expansion that benefits the entire value chain.

However, the executive emphasizes that achieving these goals requires a stable macroeconomic environment, including the activation of tax incentives that alleviate the tax burden on companies in expansion phases; bank loans to inject working capital and increase production to 80% of total capacity; Stability in public policies and dynamism in foreign exchange auctions.

M.Pino

Source: diariorepublica

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La entrada Venezuela’s industrial sector projects double-digit growth apareció primero en Bitfinance.

The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country’s growth this year could exceed 12 % despite certain obstacles that are slowing the economy’s momentum.

The organization referred to the “excessive” taxes, the exchange rate gap, and the lack of available foreign currency and financing as obstacles to growth. However, he highlighted that “Venezuela’s private manufacturing output increased by 5.4 % last year compared to 2024, and the industrial sector projects 12.7 % growth by 2026.”

Furthermore, production in the country increased by 6.8 % in the first quarter; 0.1 % in the second; 5.2 % in the third; and 9.5 % in the fourth quarter of last year.

Tito López, president of Conindustria, indicated that the figures obtained so far demonstrate that Venezuelan industry remains strong, “investing, producing, and generating employment.”

Regarding the investment needed to revitalize the country’s industry, López stated that $3.4 billion is required.

M.Pino

Source: notitarde

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La entrada Conindustria estimates growth exceeding 12 % in Venezuela apareció primero en Bitfinance.

The Venezuelan government received from the president of the Venezuelan Confederation of Industrialists (Conindustria), Tito López, an eight-line action plan aimed at the country’s reintegration into global trade.

According to López, “the industrial sector considers it urgent to achieve macroeconomic stability and adapt monetary and fiscal policies.” In this regard, he indicated in statements to Unión Radio that among the proposals to the government is “the deduction from Income Tax of all taxes and contributions paid without exception, such as IGTF, IGP, sports, or LOCTI, to avoid the effect of paying taxes on taxes.”

The key points of Conindustria’s plan are:

1. Macroeconomic harmony: which refers to the adequacy of monetary and fiscal policies.
2. Tax reform: including the full deduction of taxes and contributions to avoid paying “taxes on taxes,” including IGTF, IGP, sports, and LOCTI.
3. Border security: to guarantee the stability of all sectors in the region.
4. Labor legislation: with a focus on modernizing the social benefits system and restructuring the concept of wages.
5. Science and technology: the focus is on promoting education and innovation.
6. Entrepreneurship and SMEs: with the implementation of incentive mechanisms for the development of small and medium-sized businesses.
7. Environmental sustainability: which refers to the implementation of policies that promote environmental management.
8. Economic recovery: with the necessary financing for the development of small and medium-sized industries.

M.Pino

Source: noticiasvenevision

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La entrada Conindustria presented a plan for industrial competitiveness in Venezuela apareció primero en Bitfinance.

During the first board meeting of the Federation of Chambers and Associations of Commerce and Production (Fedecámaras), corresponding to 2025, the creation of the Health Commission was approved, a proposal presented by Tito López, president of the Chamber of the Pharmaceutical Industry (Cifar) and Dr. Andrés Simón González-Silén, president of Venemergencia and founder of the Venezuelan Association of primary and prehospital health providers (Avenprosapp).

This commission represents the 19th of Fedecámaras, and it will be made up of representatives of the different subsectors, such as hospital medical care providers and services, primary and pre-hospital medical care, pharmaceutical products and biotechnology, medical device and equipment companies, and will also have the participation of the National Academy of Medicine.

Improvement in private health services in the country, benefiting more Venezuelans

Adán Celis, president of Fedecámaras, indicated that this work group will be responsible for generating public policy proposals that provide solutions to positively impact the performance of the Health area in the country.

For his part, the president of Cifar explained that among the short-term objectives of this instance are the formalization of the health sector, regularizing the legal framework of the sector and becoming a catalyst for solutions for the resolution of issues of interest in this area.

Likewise, Dr. González-Silén, highlighted that the members of the commission are betting that it “will be the professional reference that inspires the leaders of the health sector to consolidate a model of care focused on value. This translates into giving priority to the benefit of patients, reducing costs throughout the chain and optimizing resources. The members of the commission will join forces, share information and assume commitments that positively impact the entire system and each Venezuelan,” he indicated.

Among the aspects to be discussed by this commission are those related to the current situation of the sector, economic scenarios, application of technology and innovation in the area, generation of big data to promote plans and projects with high social impact, update on the regulatory framework of the sector and evaluation of study programs that require corporate support/sponsorship.

With information from social networks, other media, Fedecámaras and Venemergencia

(Reference image source: Fedecámaras Health Commission)

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La entrada Fedecámaras approves the formation of its Health Commission apareció primero en Bitfinance.