450,000 micro-enterprises are declared bankrupt

Of the 650,000 productive units that are part of the Confederation of SMEs (Conamype), only 5 per cent resumed their activities after the mandatory strike related to the coronavirus pandemic. About 32,500 companies belong to the food sector and, on a smaller scale, to the textile sector, which had resumed its operations focusing on the production of chinstraps and biosafety clothing, but the smuggling of this type of product forced a new stoppage. This situation led to the declaration of bankruptcy of at least 450 thousand productive units throughout the country.

Source: Los Tiempos