The Venezuelan government is making moves to expropriate bakeries that it deems to be non-compliant with its new regulations (El Estimulo).
Panam Post: Venezuelan Regime Threatens to Expropriate Bakeries, Jeopardizing Bread
The baking industry in Venezuela is hanging by a thread, after a new threat of expropriation by the regime of president Nicolás Maduro.
Bakeries in the South American country must not only face price control, currency controls, and the government monopoly on imported raw materials, but will also be obliged to meet three requirements: continuous production, regulation of raw material, and verification of the legality of their inputs.
Read more ....
Update: Venezuela threatens to seize bakeries amid bread shortage (UPI)
WNU Editor: This will only continue a trend of expropriation that has become the hallmark of this government .... Venezuelan government controls more than 500 businesses — and most are losing money (Miami Herald).
Update: Opposition outside of Venezuela to the government continues .... OAS head urges bloc suspend Venezuela over elections. (VOA).
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