Electronics and Appliance Specialist Retailers in Venezuela - New Market Research Report
Government economic policies continued deteriorating the local business environment in 2014. As a result, sales through electronics and appliance specialist retailers were negatively affected. Fixing and maintaining an artificially overvalued exchange rate to the US dollar in combination with restricting the availability of foreign currency exchange devastated local consumer electronics. Most products are imported, but US dollars needed to bring in products are largely unavailable. Local production is limited and stifled since input components are lacking. According to interviews with...
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