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Tag: Coca-Cola

Venezuela
06/09/2016

Workers reach agreement with Coca-Cola – Venezuelan conglomerate continues beer production

 This week, Polar, the beverage and food conglomerate in Venezuela, has officially confirmed that the production of malt and beer will be continued until the end of this year. As we already reported, over a month ago Lorenzo Mendoza, the president of the Venezuelan conglomerate, announced that they will stop production due to lack of …

Venezuela
06/01/2016

U.S. companies pulling their business out of Venezuela to avoid losses due to the country’s hyper inflation

Since Nicolas Maduro became the president of Venezuela, back in 2013, the jump in oil prices started making a mess in the country. From that point on, many American companies had no other choice but to reduce, stop, or sell their Venezuelan based productions, so that they could avoid profit losses due to the country’s …

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