Information regarding the business sector.
The business network in Bolivia grew 7% in 2018, reaching a total of 315.868 active companies, according to the Entrepreneurial Development Foundation (Fundempresa). 79% of the firms are unipersonal, 19% are limited companies and 1 are corporations.
Multilatina Alicorp – a Peruvian mass consumer company – announced its intention to merge, under the same corporate name, Alicorp Bolivia and the recently acquired Industrias de Aceite and Sociedad Aceitera del Oriente. Read more Source: El Deber
The lawyer Jaime Daniel Burgoa denounced that in the Antay Pacha metallurgical plant, property of China Natural Resources Inc., the workers are forced to sign their work contracts in the Mandarin language, which causes abuses by the employer, as well as unjustified dismissals.
Eight municipalities in Santa Cruz are affected by heavy rains that have been registered in the department for weeks. These climatic problems are hitting hard the agri-sector, since they are already around 3,705 hectares of crops of corn, sorghum, peanuts, among others that are already harmed, according to the report of the Association of Municipalities of Santa Cruz.
Bolivia ranks 128 among 161 countries to do business in 2019, according to Forbes. The American publication states that Bolivia is a resource-rich country with strong growth attributed to captive markets for gas exports, Brazil and Argentina. However, it remains one of the least developed countries in the region because of state-directed policies that deter investment.
We wish you a very Happy Holiday season and a peaceful and prosperous New Year from everyone at Bolivia Económica.
We will be back in January.
15% of the second year-end bonus have to be used to buy national products, established the supreme decree that regulates the payment of the benefit. According to the decree, a mobile wallet system will be established to allow the workers to buy national products, but the will have to provide their mobile numbers. The system will be optional for the private sector but the companies will need to negotiate an optional system with their workers.
YLB & ACI Systems were created yesterday by the representants of Bolivia and Germany. Through the joint venture agreement, Bolivia will provide the lithium commodity while the German company will provide the technology to create lithium batteries. The operation will only cover 0.4% of the total area of the Salar de Uyuni that reaches 10,000 square kilometres.
Contraband of alcoholic beverages costs Bolivia $ 220 million per year, warned the president of the National Beverage Chamber (Canabe), Karina Herbas. Each week 2,000 bottles of alcoholic drinks issued illegally are seized in the country.
Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.
