Day: Jul 31, 2020

Illegal production of coca leaves increased by 27%

According to the latest report presented by the United Nations Office on Drugs and Crime (UNODC), total coca leaf production increased from 41,600 tons in 2018 to 46,100 tons in 2019, an increase of 11%. In 2018, some 17,422 tons of coca leaf did not pass through any of the authorized markets. In 2019, the amount that did not pass through these legal trading points rose to 22,223 tons, representing an increase of 27%.

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.