Industry

Only 27% of construction companies renewed their trade registration

Only 27% of the country’s construction companies renewed their business registration, amid a crisis in the sector caused by the Government’s failure to pay payrolls, which amount to nearly Bs 2.5 billion ($359.19 mn). The failure to update the trade register may be the result of the closure or paralysis of companies since the lack of updated documentation prevents them from continuing to develop their commercial activities in the sector.

Source: Página Siete

Categories:Industry