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asouviron

Digital media consultant and journalist. Passionate about history.

First Bolivian car maker plans to sell more than 1,000 electric vehicles

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Industrias Quantum Motors S.A. will be the first electrical car maker in Bolivia and, after receiving the certificate to produce cars from the Government, plans to sell more than 1,000 electrical vehicles across the country. Carlos Soruco, founding partner of the company said that there are existing orders for 150 electric cars, of which 44 have been already assembled. The price range are $5,200 to $5,900, depending on the model.

Bolivia will prioritise electricity exports to Brazil and Argentina

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Bolivia will prioritise electricity exports to Argentina, said the Energy Minister, Alvaro Guzman. Bolivia has currently can produce 3,000 megawatts (mw) and the domestic demand reaches around 1,500 mw, leaving the surplus for exportation. Currently there is an export project to Argentina and there is the potential to sell electricity to the Brazilian state of Matto Grosso.

Bolivia’s 2020 budget contemplates $1.5 bn issuance of sovereign bonds

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Bolivia’s 2020 Budget project contemplates the emission of sovereign bonds for $1.5 billion. “The Ministry of the Economy is authorised to hold public debt operations in external capital markets amounting to up to $1.5 billion or its equivalent in other currencies, for budgetary support”, said art. 19 of the Budget draft law, that it is expected to be reviewed by the Congress.

Bolivia’s trade deficit reached $748 mn at end-October

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Bolivia’s trade deficit reached $748 million, reported the Bolivian Institute of Trade (IBCE). As to October 2019, exports reached $7.3 billion while imports reached $8.1 billion. The main markets for exports were Brazil, Argentina, Japan, India, Colombia and the US. Imports came mainly from China, Brazil, Argentina, Peru, the US, Chile and Japan.

42% of Beni's land will be use for agribusiness

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The new Soil Use Plan Act for the department of Beni, in the East of Bolivia, states that 42% of the region’s land will be earmarked for agribusiness. The act, signed by the regional government, has generated several critics, as it prioritises agricultural land and it has not been concerted with the indigenous sector.