VHeadline Venezuela News reports: Zulia State Federation of Chambers of Commerce & Industry (Fedecamaras) president Nestor Borjas says that state-owned oil corporation, Petroleos de Venezuela (PDVSA) owes over a billion bolivares to some 230 contractors and that it is endangering the economic stability of the suppliers with a potential loss of around 25,000 jobs.
Borjas accuses the Chavez government of having no legal foundation on which to decree the closing of state and private businesses last Monday for a spontaneous public holiday to celebrate the 10th anniversary of Chavez' ascent to the presidency of Venezuela ... he claims that units of the National Guard (GN) had closed drugstores and the region's Sambil Shopping Mall, imposing penalties of up to 50 tax units. He says his organization is gathering information from across the western State to determine what concerted action the private sector will take against central government.
"At this time there are 230 oil contractors in Zulia State whose existence is endangered because PDVSA owes them more than a billion bolivares and as a consequence there are some 25,000 endangered. We could see a great fall in the Zulia State economy since at least 50% of regional GDP depends on oil revenues."
Borjas emphasizes that Zulia "contributes 17% of national GDP and any political and/or economic abuse of Zulia companies may have serious effects on the nation's economy!"
VHeadline Venezuela News
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