The pandemic seriously affected the state-owned airline Boliviana de Aviación (BoA). In 2020, its revenues fell by 54 per cent compared to 2019. The state intends to reactivate the airline with a loan.
Month: Feb 2021
Tourism reports losses of $43 mn due to the pandemic
The tourism sector reported losses of 300 million bolivianos ($43 million) in 2020 as an impact of the Covid-19 pandemic. The losses involve travel agencies, hoteliers, tour operators, tourism professionals, guides, transport and others linked to this activity. The sector has more than 35,000 direct and indirect jobs. Due to the pandemic, there has been a reduction of between 80 and 90 per cent in the number of jobs.
Heatwave in Santa Cruz increases power demand to 664 megawatts
High temperatures in Santa Cruz de la Sierra, with temperatures ranging between 35 and 37 degrees Celsius (C°), have led to increased electricity demand. Yesterday, at 36 degrees Celsius, 664 megawatts (MW) of electricity were consumed.
Fernando Hurtado re-elected president of Cainco for the 2021-2022 term
The Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco) held its Ordinary General Assembly, during which the members unanimously ratified Fernando Hurtado as president and approved the 2020-2021 management report.
The industry lost 70,000 jobs and saw a wage increase as unfeasible
The industry lost 70,000 jobs last year due to the economic crisis resulting from the coronavirus pandemic and claims that companies are not in a position to meet a wage increase this year. According to the National Chamber of Industries, inflation last year was less than 1%, and workers did not lose purchasing power in their wages. Many industries are in crisis.
Within a $109 million budget support from France, an agreement signed to integrate alternative energies into the SIN
A tripartite technological alliance agreement was signed in Cochabamba between the National Load Dispatch Committee (CNDC), the French grid management operator RTE International (RTEi) and the French Development Agency (AFD) to integrate alternative energies into the Bolivian National Interconnected System. The agreement will receive a grant of 700,000 euros ($847,000), which is part of the AFD's 90 million euros ($109 million) budget support dedicated to promoting renewable energy, support for energy efficiency and institutional strengthening of the electricity sector.
Dairy farmers say 60% of their production is affected by blockades
The Departmental Federation of Milk Producers of Santa Cruz (Fedeple) asked the soy sector to lift the road blockades, as the pressure measure harms 60% of the milk production that cannot reach the city.
New business registration fell 19% in 2020
Due to the Covid-19 pandemic, new businesses' registration fell by 19 per cent in 2020 compared to 2019. Economists agree that companies require support from the government because the reduction impacts the country's unemployment rate.
Santa Cruz opens the Santa Cruz-Warnes viaduct costed $8m investment
The viaduct on the Santa Cruz-Warnes dual carriageway, which cost Bs 55.5 million ($8 million), is now a reality. The structure will free the vehicular traffic of more than 22,000 vehicles per day on the Red Vial Fundamental. It comprises three sections of 25.6 metres in span, each supported by piles. It has a total length of 1,040 metres from north to south. Its structure is 732 linear metres long, each access ramp is 321 metres long, and a bridge is 90 linear metres long.
Blockades halt exports of $2.5 mn a day
While the national government, together with soybean producers and the oil industries of Santa Cruz, continue to analyse the validity of the price band for soybean meal, the blockades on the highways connecting Santa Cruz with Cochabamba and Beni reached their third consecutive day yesterday, causing a loss of 2.5 million dollars a day for exports that are not carried out.
