ESPACIO PUBLICITARIO
CARACAS, Thursday February 21, 2013 | Update
 
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ECONOMY

Venezuela with the worst business climate in the region

According to the Getulio Vargas Foundation's report on Latin America, Venezuela recorded a setback

EL UNIVERSAL
Thursday February 21, 2013  11:24 AM
Venezuela's business climate is the worst in Latin America, according to a joint report produced by Brazilian Getulio Vargas Foundation and the University of Munich.

In the so-called Economic Climate Indicator of Latin America in January, Venezuela reached 1.5 points, way below the region's average (5.5 points) and that of Paraguay and Peru, 7 points.

Venezuela's indicator implies a setback with respect to the third quarter of 2012, when the country obtained 3.4 points.

Unlike Venezuela, the region's reported average (5.5 points) by January is the best in the last 18 months, except for Ecuador and Bolivia, whose business climates are similar to that of Venezuela.

Venezuela's economy has been mainly characterized in recent years by the implementation of different controls in the private sector. Obstacles such as difficulties to buy US dollars, price regulations on food and other products, as well as expropriations in different areas are just some of the aspects undermining the country's business climate.
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Gagging Twitter users

Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren. He was sacked despite the fact that he was taking a leave of absence from work due to a work-related accident, and that he enjoyed security of employment under the parental job-immunity privilege. Most probably, the decision was influenced by his role as a union organizer. But what did he do, besides leading protests, to deserve the sack? Well, he allegedly sent off a series of tweets that definitely hurt the sensitivity of the Saren Directorate.

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