CARACAS, Wednesday October 20, 2010 | Update
Entrepreneurs made an appeal to observe the Constitution (File photo)
The Venezuelan Confederation of Industries (Conindustria) rejected recent expropriations by the Venezuelan government, as well at the threats of government officials to several private companies.
Upon the seizure of the motor lubricants company Venoco and Fertinitro, a producer of nitrogen fertilizer, the number of confiscated companies rose to 195 in 2010.
"We strongly reject these new threats of expropriation. We have witnessed, along with all the Venezuelan people, that this attack on private property in the past five years has only brought about more scarcity, unemployment, inflation, and has reduced the purchasing power of the (Venezuelan) population," the president of Conindustria said.
10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.