Bolivia produces between 3,000 and 4,000 tonnes of apples per year and imports around 35,000 tonnes from Argentina and Chile. National production accounts for at least 9% of demand. Between January and November 2020, 21,000 tonnes of apples were bought from Chile for $9 million, while imported 14,000 tonnes from Argentina for $7 million.
Day: Jan 4, 2021
Bank profits dropped by more than 42% between January and November
Profits in the financial system fell by more than 42% between January and November 2020, reaching Bs.1.14 billion ($164.28 mn). According to specialists, the reduction is tending to decapitalise banks, making access to credit more difficult in 2021 and 2022.
Fortunes over $4.3mn will pay wealth tax
According to Supreme Decree 4436, the Tax on Large Fortunes (TLF) covers millionaires with over Bs30 million ($4.3 million) who must pay up to 31 March and residents abroad up to 30 April. The TLF sets 1.4% for Bs30 - 40 million ($ 4.3 - 5.7 million); 1.9% for those with Bs 40 - 50 million ($5.7 - 7.17 mn); and 2.4% for those over Bs50 million ($7.17 million).
Fifth Addendum with Argentina allows Bolivia to sell gas for $4.51 per million BTU in January
Yacimientos Petrolíferos Fiscales Bolivianos stated that the price agreed for the signing of the Fifth Addendum, of the Natural Gas Purchase Agreement signed with Integración Energética Argentina S.A. (Ieasa), has a composition of international Fuels Oils basket indicators associated with the price of WTI and Henry Hub plus an additional premium of $2.25. The price for January 2021 is $4.51 per million BTU.
YPFB plans to invest $756 million this year
Yacimientos Petrolíferos Fiscales Bolivianos - YPFB's priority is to invest $756 million this year to revive Bolivia's oil industry. It will boost investment by operating companies that are strategic partners, mainly in exploring, exploiting, and producing hydrocarbons.
Ichilo-Mamoré Waterway project will require an investment of $120 mn for the next 4 years
The project to reactivate the Ichilo-Mamoré Waterway and connect Bolivia to the Atlantic Ocean will require an investment of $120 million over four years, according the the local government in Cochabamba. The project aims to connect Cochabamba with the departments of Beni, Pando y Santa Cruz and from ther to Brazil, Peru and Paraguay to open the Atlantic Ocean to Bolivia.
