The Chilean economy is expected to grow by 4% in 2018

The Chilean economy grew by 4.2% in October, compared to the same month last year, driven by trade and manufacturing. Importantly this was achieved despite a sharp drop in the mining industry, reported the Central Bank. Meanwhile, this Wednesday the monetary authority published its Monetary Policy Report in December, which estimated a growth of 4% … Continue reading The Chilean economy is expected to grow by 4% in 2018

YPFB could pay up to $ 100mn to an Italian firm specialised in smart meters

YPFB signed a Memorandum of Understanding (MOU) on September 28, 2018 with the Italian firm Pietro Fiorentini SPA for the provision of 100 smart meters for a pilot test in El Alto. This contract involving the replacement of current meters would represent an expense for YPFB of around 100 million dollars. Read more Source: Pagina … Continue reading YPFB could pay up to $ 100mn to an Italian firm specialised in smart meters

Bolivia will export quinoa to China

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.

CBN and Embol ranked as the most reputable firms in Bolivia

Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.

Public investment will decrease in 2019

Public investment in 2019 will decrease by 14.28% in 2019, according to information from the Bolivia Economic Ministry. According to public documents from this institution, in 2018 the state-investment (without considering firms with state participation) would reach $US6.2 billion, but the government programmed only $US5.3 billion for 2019.