Contracts between the State and Venezuelan businessman Carlos Gill worth more $1.11 billion will be audited. The audit will cover a radar acquisition contract awarded to Thales Air System ($227 million); a contract for the installation of 22 satellite re-gasification stations ($137 million); and a contract for the provision of services to Mi Teleférico, for more than $718.39 million. The three contracts were directly awarded.
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will boost ethanol sales under the current administration and expects to reach the volumes agreed with the previous administration of 150 million litres. The company is investing to increase ethanol consumption in the domestic market, both in logistics and storage, the goal is to reach 12% of the market. After the purchase of the agreed volume is concluded, they will advance in the subscription of a new agreement for a higher amount.
There are 329,025 companies operating in Bolivia, 3.7% more than in January 2019, when a total of 317,314 companies were registered. According to Fundempresa, La Paz has the largest share with 30.9%, followed by Santa Cruz with 29.2% and Cochabamba with 17.2%, and the rest is distributed among Tarija (5.1%), Oruro (4.8%), Potosi (4.4%), Chuquisaca (4.1%), Beni (3.1%) and Pando (1.1%).
In 2019, Alicorp achieved 19.1% growth to 9.9 billion soles in net sales ($2.9 billion). The Peruvian consumer goods company announced that it will continue to invest heavily in countries such as Ecuador and Bolivia.
Bolivia’s state-owned BoA plans to invest $18 million this year as part of its renovation program. BoA’s manager, Juan Carlos Ossio, said that seven new aircraft are expected to be incorporated this year.
Fernando Hurtado, who was re-elected president of the Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (CAINCO) for the 2020 – 2021 administration. Orlando Vaca was elected first vice president; Javier Marcelo Camacho, second vice president; Ives de Chazal, Treasurer; and Cristobal Roda Roden, Secretary. Denise Hurtado, Anne Paola McFarlane de Rodríguez and Tania Ponce de León are the new directors of the institution.
BISA Bank portfolio grew by $ 140 million in 2019. By 2020 they schedule growth of at least $150 million focused on the productive sector, micro-enterprise, small and medium-sized enterprises, natural people and large companies.
Authorities in Bolivia said Thursday they have arrested a woman with suspected links to drug traffickers who amassed an inexplicable $150 million fortune within just a few years. Interior Minister Arturo Murillo told the Unitel television station that Dora Vallejos, 36, turned herself in the night before.
State oil company YPFB loses about $60 million per year from the operation of the natural gas liquefaction plant (LNG), according to estimates made by the consultancy Gas Energy Latin America (GELA). To date, the infrastructure operates on average 10% of its installed capacity. It is a 10 million cubic foot (MMpcd) liquefaction plant (MMpcd) and 33 regasification stations in remote populations in Bolivia, costing about $250 million.
As September 2019, State-owned YPFB reported a loss of $443.7 million. The president of YPFB, Herland Soliz said that YPFB is still a solid company with an equity of $9.1 billion.