Category: Business

Information regarding the business sector.

The government said that confrontation with the private sector is over

The government announced that the phase of confrontation with the private sector is over. With a strong handshake, the vice-president, Álvaro García Linera, welcomed the new president of the Confederation of Private Entrepreneurs of Bolivia (CEPB) Luis Barbery. Regarding the economic model said that it requires some adjustments and proposed to work tirelessly to improve “business climate”. He proposed a critical path based on four axes: a) the best legal and political conditions to boost private investment; b) incentive to national production with quality at larger scales; c) provision of goods and services for our population; and d) implementation of efficient mechanisms to stimulate exports. García Linera proposed dialogue and agreed that the high bureaucracy is one of the worst enemies of business ventures, but made it clear that the tax issue is important to maintain balance in the public sector.

Heavy rain causes damages to thousands of hectares of crops in Bolivia

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 ranked 128 among 161 countries to do business in 2019

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.

15% of second year-end bonus should be used to buy national products

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.

Bolivia and Germany create a joint venture to exploit lithium

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.