In quiebra por el socialismo Venezuela relinquishes control of sus suspresas

The Venezuelan Gobierno, which is loaded with hundreds of state-owned enterprises in an economy that is in a free state, is abandoning socialist doctrine and transferring key companies to private inversions, taking advantage of a change in participation in products.

Teacher of Chemical plants, coffee processors, granaries and hotels confiscated in the last decades and then transferred, but not for sale, to private operators in the strategic alliances, there will be new people with the help of help. The administrators cover the nominees and the inversions, including products and a percentage of their entries in Gobierno.

“We believe that it is positive because it is the synchronization of the public sector with the private sector”, said Ramón Lobo, legislator of the governing Socialist Party and Minister of Finance. “The State acts as supervisor and receives a refund”.

The cambio is notorious in Agriculture, part of the effort of Nicolás Maduro to feed a hambrient population after years of economic and social collapse. It is not clear how much money will be spent on the new policy, following the adoption of an “anti-blockade” measure that will reduce the impact of United States sanctions and incentivize the inversion. El Gobierno now allows flies in dollars and the private company flourishes in small bolsillos.

Maduro tomo the power hace ocho years after the death of Hugo Chávez, who initiated the Socialist Revolution to confiscate more than 1,000 large companies and properties and assets, including multinational activists such as Kimberly-Clark, Cemex and Kellogg. The new state-owned companies are being debited to a poor management. Using its vast oil reserves, Gobierno replaces cultivations and local manufacturing for imports.

Venezuela’s state-of-the-art petrol station, PDVSA, has been forced into alienation operations and has been forced to flee, converted into effect in a brawl from Gobierno’s party. Fue led to the ruin and forced to record his production. Meanwhile, the recent EE.UU sanctions, which have been significantly highlighted during Trump’s presidency, have destroyed a society that has been among the richest in the world.

More than 5 million Venezuelans lived in the country with a desperate intention to avoid the ruin.

“Maduro’s Governor has a giro in U fines 2019 to promote a salvaged capitalism”, said Rodrigo Agudo, chief of the Venezuelan Food Council. “Dej to recover taxes on corporate securities, obtain import licenses and convene military officers and others to invest money in discounts on local businesses”.

The strategic alliances will begin to form silently in 2017. The publication of the year passed by the anti-blockchain agency on the agreements a legal basis, eluding regulations such as the bidding processes.

But the nature of the specifics of the new agreements, the lease, licenses or commodities, is not clear. The anti-blockchain prohíbe revelar dicha information, theoretically for protect the companies of the sanctions of EE.UU., which are directed to entities that negotiate with the Government, but exclude private companies. The Ministries of Agriculture and Information did not respond to requests for comment.

The new agreements are affecting the principal empresas and in its majority involving empresios with angles with the Gobierno, but not exclusively. In some cases, the encumbered properties are living to those of whom they were confiscated. In other words, the owners do not participate. Terms of association similar to its previous establishment in the petroleum industry. PDVSA provides local control companies with more control over state-owned assets such as petroleum and gas compression plants to operate and increase production. In some cases, PDVSA offers the most capital to its joint ventures.

Lobo, the socialist legislator, said that the agreements had ten seats, generally for ten years, and functioned as a concession. The private company compromises to invest, increase the production of a site and manage the asset.

The Mayor of the new settlements takes place in rural areas of the country. Agropatria, a national monopolist’s agricultural union negotiator in 2010 that directs five companies, is now in private management. More than 70 tithes and pesticide plants were confiscated, confiscated “for the release of extractors and intermediates”, according to President Chavez, now managed by Agrollano 2910, a local agricultural company winning $ 150 million in real estate, including four people.

Lácteos Los Andes, a large leash manufacturer of baby clothes bought by Gobierno in 2008, now administered by a private Venezuelan company, although no official changes were made to the council.

From Gobierno’s granary processing plants, in the majority of which have been inactive since their inauguration in 2007, they have been transferred, but have not been sold to private companies. The same is true of the plant and coffee plants built during Venezuela’s oil eye and the value of bilateral agreements with regional allies such as Cuba, Bolivia, Brazil and Argentina.

Conditions for business vary. The main contribution is a percentage of the profits or production for the State. In some cases, the Government and the managers are discussing a monthly salary scale standardized between US $ 60 and US $ 80 for workers and technicians, aggregating some of the people.

Not all companies have the Gobierno point to associate is generating interest. Local businesses are being challenged by the years of poor maintenance under the supervision of the State and are subject to new nationalizations.

Maduro, who has reduced assignments for some government and local governments during the crisis, has increased maneuvering margin to associate with local companies to generate incomes. In December, the governor of the Portuguese state, Rafael Calles, told the public media that alliances with the private sector in the administration of 24 state-owned companies would raise US $ 60,000 for the state government.

The Gobierno never published the property number he had fallen in love with the years. For a study of the National Industrial Chamber of Commerce industry, it has a total of 1,322 garden sheds, food stalls, electric companies, mills, wood manufacturers, banks, supermarkets and free-to-own grocery stores.

There is a big difference between 700 and 700 years. The Mayor of his former owners has a compensation for those involved in a litigation with the hope of receiving a payment, following a 2019 International Transparency study.

Some analysts point out that what is happening in Venezuela has precedents in other authorities in Izquierda.

“This process is similar to the privatization process in Russia in which the assets are transferred to private local companies and investment investors in the Gobierno countries”, said Asdrubal Oliveros, head of the Economic Consultant for Economic Analysis, 1990. As for Russia’s differences, it does not have a deep-seated establishment alliance program with the help of multilateral organizations. It is safe and very sanctioned to be in a different situation ”.

(Bloomberg)

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