Monday 14 June 2021

Venezuelan Troops Obligate Businesses to Offer “Discounts” of 80%

The Venezuelan government has sent soldiers to businesses to demand that they lower prices during the Holiday season (Fashion Network).

TODAY VENEZUELA The Venezuelan dictatorship seems to be looking for some quick and easy popularity points, at least in December. For several weeks it has used the National Superintendence for the Defense of Socioeconomic Rights (SUNDDE) to mandate the price at which merchants must sell their products. These measures have been rejected by a large part of civil society.

This week, according to the newspaper El Sol de Margarita, SUNDDE appeared in Nueva Esparta state to regulate dozens of commercial establishments in one of the most important tourist destinations of Venezuela.

- Advertisement -

“Officials of the SUNDDE paid surprise visits to the business owners on Avenue May 4, Avenue Santiago de Mariño, as well as the principal thoroughfares and other areas of the commercial district of Porlamar, obligating to lower their prices between 20% and 80%; where they currently remain,” the paper said.

The agents of the Superintendency – also known by its colloquial name Fair Prices – were accompanied by the Venezuelan military to ensure the proper application of the measures: “Vice Admiral Alfredo Pulido Pinto, commander of the Integral Defense Zone of Nueva Esparta (Zodine), confirmed that military officers have joined the agents, who seek to facilitate access to goods in great demand during the Holiday season” says El Sol de Margarita.

The measure has been applied across the board: for example, EPK chain of shops, which specializes in children’s clothing, was forced to lower prices by up to 70%.

“We have ordered this company to implement an immediate price reduction in the 31 stores that they have in Venezuela; which will apply to all children’s clothing items that are available in their stores,” said SUNDDE director William Contreras.

- Advertisement -

The measure has led to hundreds of people lining up around the shops in the hopes of getting access to bargains.Contreras took the decision after EPK allegedly raised prices despite the fact that on December 1 they were ordered “not modify prices until the end” of a government-run audit process that was taking place, in order to determine if their business practices and pricing were in line with current regulations.

According to the SUNDDE, the chain was flouting regulations and “making misleading offers.”

Source: Panampost; El Impulso, El Sol de Margarita

Article originally appeared on Today Venezuela and is republished here with permission.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Diseases, weather and low prices hit the orange sector in Costa Rica

HQ - The appearance of pests and diseases, in particular the...

Central America is back in the news for the wrong reasons, Costa Rica is once again the exception

QCOSTARICA - Osta Rica has been the epicenter of regional diplomacy...

MOST READ

Europe opens the doors to tourism, these are the requirements

Q TRAVEL - Europe opened the doors to tourism. While worldwide vaccination against covid-19 advances above the levels of each country, the restrictions are...

Opinion: Peru’s electoral drama is damaging democracy

Q REPORTS (DW) In Peru, the left-wing village school teacher Pedro Castillo has in all probability been elected the new president. The fact that...

Tourism’s path to recovery

QREPORTS - A new travel trends research paper released today by Tripadvisor®, the world's largest travel guidance platform, reveals that vaccine rollouts globally are...

Should the vaccination against covid-19 be opened?

QCOSTARICA - Six months after the start of vaccination against covid-19, will it be time to open the campaign to those who want to...

Today’s Vehicle Restriction: June 12, “ODDS”

Today, Saturday, June 12, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Are you fully vaccinated? You can now enter Spain

Q TRAVEL - Travelers from the European Union or third countries, including Costa Rica, who have fully been vaccinated, will now be able to...

Today’s Vehicle Restriction: June 8, “ODDS”

Today, Tuesday, June 8, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Costa Rica will have a system to reduce marine pollution

QCOSTARICA - Costa Rica will have a system called "Interceptor" that will eliminate floating and suspended waste from the upper layer of its waters,...

COVID vaccines in the workplace: Can I ask who got their shots?

(DW) Jon works for the local government in the US state of Virginia. The 40-year-old received both his COVID shots in April. Most of...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Article originally appeared on Today Venezuela and is republished here with permission.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.