Since the first addendum signed with Integración Energética Argentina SA (Ieasa, formerly Enarsa Argentina) in March 2010, gas sales to that country have fallen by up to 45%. According to the contract signed in 2006, Bolivia should export at least 23.5 billion cubic metres this year; however, with the fifth addendum, the volume of shipments reduced to 13.8 billion cubic metres.
Author: beasouviron
The government pays $22.2 mn debt to Doppelmayr
The government paid the Doppelmayr company a debt of $22.2 million and the Austrian firm withdrew the arbitration case it had filed against the state-owned company Mi Teleférico.
Bolivian glacier disappearing and the capital La Paz running out of water
According to scientists in the Andean nation, Bolivia's Tuni glacier is disappearing faster than initially anticipated, a predicament that will likely make worse water shortages already plaguing the capital La Paz, just 60 km away.
Entrepreneurs plan to generate $1 billion per Ichilo-Mamoré waterway
The government and private entrepreneurs of Cochabamba and Beni are articulating a plan to re-establish foreign trade, through the Ichilo-Mamoré waterway. This river route is one more alternative for Bolivia's exit to international markets. Soy, corn, sorghum, rice, beef, chestnuts, cocoa and forest products are the most significant opportunity for commercial entry to export markets, … Continue reading Entrepreneurs plan to generate $1 billion per Ichilo-Mamoré waterway
A new quarantine will mean an economic loss of $10 mn per day
As was done last year, returning to a rigid quarantine would generate a $10 million per day loss to Bolivian industry. The country's economic situation is critical, and new confinement will make it even worse.
IBCE projects growth of 6% if conditions are right for the productive sector
The Bolivian Institute of Foreign Trade (IBCE) forecasts more than 6% economic growth if conditions provide for the productive sector. In favourable conditions, the agricultural, livestock, agro-industrial and forestry industries can emerge from the 2020 crisis caused by the COVID-19 confinement and pandemic.
The government will invest $3.73mn in three basin and water resource management projects
With an investment of over Bs 26 million ($3.73 mn), three water resource management and integrated basin management projects will reactivate in the department of Tarija: Forestation of the Miscas district - Juntas del Rosario Camacho basin; Forestation and reforestation of the micro-basin at the Bermejo river; and Forestation and reforestation of the Guadalquivir river.
Bolivia imported $9 mn in Apples from Chile and $7 mn from Argentina
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.
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).
