ESPACIO PUBLICITARIO
CARACAS, Monday November 19, 2012 | Update
 
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ECONOMY

Venezuela's Pharmaceutical Federation declares state of emergency

The federation called upon the National Superintendence of Fair Costs and Prices to consider an internal review

EL UNIVERSAL
Monday November 19, 2012  02:45 PM
The Venezuelan Pharmaceutical Federation declared the sector's state of emergency upon statements on Saturday by the head of the National Superintendence of Fair Costs and Prices (Sundecop), Karlin Granadillo, who informed that penalties would be meted out to drug stores that failed to register in due time with the Automated System of Price Administration (Sisap).

"Inexplicably, the State itself is encouraging the destruction of the most sensitive sector in the drugs distribution chain while it allows those sectors in charge of their commercialization to get away with it. They are accountable for the indiscriminate increase in drug prices," a statement reads.     

Sundecop is harming the sector although it knows the sector does not rely on an adequate technological framework or the appropriate financial resources.

The federation urged Sundecop to ponder the possibility of an internal review before imposing sanctions on more than half of the independent pharmacies. 

Translated by Jhean Cabrera
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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