Entel reported that the company's profits during 2020 decreased by 45%, from Bs 921 million ($132.14 mn) to Bs 511 million ($73.31 mn).
Author: beasouviron
SIN collects $2.84 million through March with audits
The government reported that in the first quarter of 2021, it concluded 2,213 inspection and verification processes by significant economic activity, with a collection of Bs 19,889,468 ($2.84 mn).
More than 50% of DGAC’s revenues will be from overflights
According to the government's data, overflights projected to provide income for the General Directorate of Civil Aeronautics (DGAC) of Bs 39.4 million ($5.65 mn) in 2021. The second significant revenue expected is from collecting debts to companies for Bs 12 million ($1.72 million). The total expected to rise this year is Bs 61.5 million ($8.82 million).
Senatex expects to generate $5 mn from apparel exports in 2021
The National Textile Service (Senatex) plans to generate around $5 million from the export of garments to the Argentine and Brazilian markets during the 2021 fiscal year. The National Textile Service is a public Company.
Government increases Communication budget by 85.21%
Through Supreme Decree 4484, the Government decided to increase the Vice-Ministry of Communication budget from Bs 59.5 million ($8.54 mn) to Bs110.2 million ($15.81 mn). It is 85.21% over the resources it had last year.
Rescheduling of deferred credits totalling $529 mn
Up to February 28 of this year, financial institutions accepted the request for refinancing and rescheduling of 19,440 deferred loans for a value of $529 million. The grace period is six months for rescheduling and refinancing loans, without payment of interest or principal, and was approved in December 2020, benefiting all sectors.
La Paz accounts for 51.9% of IGF revenues
More than half of the collection of 159.3 million Bolivianos ($22.85 mn) of the Large Fortunes Tax (IGF) obtained by the National Tax Service (SIN) in La Paz. A total of 182 people registered for payment. After La Paz, people with a fortune over Bs 30 million from Santa Cruz contributed 38.6%, Cochabamba 5.1% and Beni 2.9%.
Government invests $2.15 million to reactivate the Envibol plant
The state-owned industrial plant Envases de Vidrio de Bolivia (Envibol) reactivated operations in its two production lines with an investment of 15 million bolivianos ($2.12 mn), new contracts and export projects.
BDP expects to increase its lending by 29% in 2021
The Banco de Desarrollo Productivo (BDP) intends to increase its loan portfolio to the country's productive sectors by 29% this year. The entity also wants to manage 7.4 billion bolivianos in trusts; achieve a 19% growth in second floor and window clients.BDP expects to increase its lending by 29% in 2021.
Nineteen state-owned companies owe $6.07 mn to the Central Bank
Public companies will continue to be the spearhead of the Government, which during the first two months of its administration, channelled, through the Central Bank of Bolivia (BCB), the disbursement of Bs 402 million ($57.67 mn) in credits in favour of strategic public companies. Until December 2020, according to BCB data, a total of 19 public companies owe Bs 42,328 million ($6.07 mn) to the State.
