By Laclase.info Translation by Paul Dobson for Venezuelanalysis Photo credit: Reuters. Maduro handing out credits to businessmen. September, 2018. The government’s latest economic decision only favours the “emerging” bourgeoisie. On December 26, in the Extraordinary Official Gazette No. 6.497, a presidential decree extended tax exemptions for the importing bourgeoisie for six more months until June 30, … Continue reading Maduro Hands Six Months of Tax Privileges to Importing Businesses
By Laclase.infoPhoto: Oswaldo Pacheco On October 19, the Venezuelan Central Bank (BCV) published new data for the year 2019, which shows the deepening of the crisis in all sectors of the economy at the national level. According to data provided by the institution, for the first quarter of 2019 the Gross Domestic Product (GDP) fell … Continue reading Central Bank of Venezuela publishes data that recognizes the continuity of the economic crisis
The new sanctions aim at destroying what’s left of the Venezuelan economy, which already shrank by more than half in the last five years of Maduro's brutal adjustment plan.