73% of industrial firms will reduce staff in 2020 due to Covid-19

Only 1.8% of companies in the industrial sector plan to increase their workforce in 2020, while 73% plan to reduce it, said the president of the National Chamber of Industries (CNI) Ibo Blazicevic. According to the president of the Confederation of Private Businessmen of Bolivia (CEPB), Luis Barbery, more than 600 units from the poultry sector, about 400 travel agencies and 2,000 companies from the hotel sector announced the suspension of their activities in the last month.

Government to allocate $125.4 mn to reactivate agricultural sector

The government plans to allocate 873 million bolivianos ($125.4 mn) to reactivate the agricultural sector. The objective is to guarantee food security for the Bolivian population, boost the economy, generate production and trade, support family farming, medium-scale agriculture, and agro-industrial export agriculture, and generate employment and income opportunities with a comprehensive view of the country.

Santa Cruz to Receive $3 Million Hydrocarbon Tax Refund – IDH

The department of Santa Cruz, which is the most affected by the coronavirus with around 13,000 positive cases, will only receive three million dollars for the return of the resources collected from the Direct Tax on Hydrocarbons (IDH). The Government of Santa Cruz regrets that the distribution of the $200 million has not taken into account the contribution and the epidemiological criteria.

Bolivia obtains certification for meat exports

Bolivia, which has been free of foot and mouth disease since 2014, obtained international certification from the World Organization for Animal Health (OIE) that places the country on the list of nations with negligible risk status for Bovine Spongiform Encephalopathy (BSE), which will allow the beef export market to expand.