Venezuela: Businesses brace for more price controls

posted by
November 21, 2011
Hot Springs Sentinel-Record    
Posted in News

"New rules aimed at curbing Venezuela's high inflation by broadening government price controls will scare off investors and hurt consumers, the president of the country's largest business chamber predicted Monday. Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production." (11/21/11)

http://tinyurl.com/7fvou2j  

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