Contraband of alcoholic beverages costs Bolivia $ 220 million per year, warned the president of the National Beverage Chamber (Canabe), Karina Herbas. Each week 2,000 bottles of alcoholic drinks issued illegally are seized in the country.
Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.
Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.
Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.