Number of private employers shrinks by 19% in the last year in Venezuela
Fedecámaras suggest the government to revise regulatory measures
Nevertheless, official numbers show otherwise. The number of employers has gradually downsized. Fewer and fewer employers are recorded by the National Statistics Institute (INE).
The government agency disclosed that in the past 12 months, the number of employers plunged by 19%. In October 2012 there were 377,865 of them, compared to 466,309 one year ago, that is, 88,444 fewer employers.
Such situation has become a matter of concern for businesspersons. Indeed, in its latest general meetings, the Federation of Chambers of Industry and Commerce (Fedecámaras) has called upon the government to consider the issue.
For Venezuelan businesspersons, the siege laid on them, together with price and exchange controls are some of the primary troubles faced by them and resulting in disinvestment. Add to this little access to the government in order to set agreed-upon policies.
"A total of 170,000 enterprises have been lost over the past 10 years, and this shows that government policies have been a failure," Fedecámaras President Jorge Botti said.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.