After years of struggle, veteran bakeries in Venezuela's capital Caracas are cooking up a variety of delectables, in the latest sign that the country's slight economic boost is reviving some family-owned small businesses
Numerous old-style bakeries and dessert shops in Venezuela's main cities that struggled two years ago to produce a variety of products due to a scarcity of ingredients, are now offering ever-more baked goods.
Since 2019, when President Nicolas Maduro decided to relax foreign currency controls as sanctions impacted oil earnings, Venezuela's economy has benefited from much needed oxygen brought by de facto dollarization. Production "fell and now it's growing a bit. Customers who stopped making orders are returning," Kerese told Reuters on the terrace of one of his family's bakeries which, in addition to desserts and bread, also offers lunch.
Venezuela imports wheat flour for processing. While processing of flour fell 10% three years ago, output grew 4.4% between December 2021 and August 2022, according to the Venezuelan chamber of foodstuffs.
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