conindustria

Conindustria President Tito López indicated that 75% of these companies belong to the primary sector, mainly farms and food-producing units.
Venezuela’s industrial sector has identified around 902 companies that were expropriated and came under state administration, and is requesting that these assets be returned to their former owners.
According to Tito López, president of the Venezuelan Confederation of Industrialists (Conindustria), returning these assets could help boost productive activity and ease pressure on public finances.

📊 A record that puts numbers on the table
The Venezuelan Confederation of Industries (Conindustria) now has a concrete inventory: 902 companies that passed from private hands to state administration and that, in its view, should be returned to their original owners. The figure was provided by the industry association’s president, Tito López, who explained that three out of every four of these companies belong to the primary sector, with a strong presence of farms and units dedicated to food production.
The inventory is not limited to the countryside. It also includes processed food plants, pharmaceutical laboratories, and plastics companies—in other words, links in the middle of the production chain that today operate with varying levels of efficiency under state control.

The Venezuelan Confederation of Industrialists brought together businesspeople, trade associations, representatives of multilateral organizations, and the economic cabinet at the Eurobuilding Hotel in Caracas for its annual conference. The central message was ambitious: revive domestic manufacturing and project 14% growth for 2027. But behind the optimistic rhetoric lies a set of troubling figures that hit close to home for anyone operating with digital currencies in the country.
📊 The target: 14% growth and a call for investment

📊 A $700 salary that won’t appear by decree
The debate is back at the center of the labor agenda: How much should a Venezuelan worker earn to afford the basic food basket? The figure being discussed is around $700 a month, but Conindustria is urging caution before any announcement. Tito López, president of the Venezuelan Confederation of Industries, was direct: no adjustment is possible unless the cost structure strangling the productive sector is addressed first, starting with the tax and parafiscal burden.

The Venezuelan Confederation of Industries (Conindustria) met with representatives of the Malaysian Embassy to explore investment opportunities and industrial cooperation between the two countries. The stated goal is clear: to boost domestic production and create jobs in a manufacturing sector that has been operating below capacity for years.
To the average Venezuelan, this might sound like a desk-bound news item. But at PitbullChain, we see it differently: when Venezuela’s foreign trade agenda shifts, sooner or later the foreign exchange market, P2P trading, and the way businesses pay one another shift too. And that’s where we come in.

Venezuela’s industrial sector welcomed the publication of Decree No. 5,460, issued in Extraordinary Official Gazette No. 7,091, which orders the reduction and elimination of procedures related to export activity. Conindustria, which has been pushing for this since 2017, described it as a major step forward: moving from a system of prior controls to one of operational efficiency and confidence in producers.
For a news site that closely follows the day-to-day of P2P, banking, and the dollar, this is more than just industry news. Any measure that clears the way for goods to leave the country and speeds up the inflow of foreign currency will eventually be reflected in the exchange market. And in Venezuela, that means one concrete thing: less pressure on the supply of USDT and cash in foreign currency.