In the first five months, exports reached $2,592 million, 24% less than in the same period of last year. The volume decreased by 36%. The trade deficit is $31 million, and the member countries of the Andean Community and the United States are the leading destinations for non-traditional exports. Sales of oilseeds -soybean and derivatives- reached a value of $285 million, chestnuts $43 million, and meat exports tripled to $20 million. Sugar sales increased 63% in value ($19 million) and 80% in volume.
Day: Jul 1, 2020
The government will inject $6.3 mn to reactivate cooperative mining
An economic injection of Bs 44 million ($6.3 mn) for the reactivation of the cooperative mining productive activity was announced on Monday by the Government. To date, 1,732 mining operators have restarted their operations.
Shell asks YPFB for $26m in arbitration
The oil company Shell Corporation Bolivia Branch filed an arbitration against YPFB and demanded that it pay 26 million dollars for outstanding debts that were recognized and not paid.
Huanuni miners take over Vinto metallurgic demanding payment of $39 mn
Workers from the Huanuni Mining Company took over the installations of the Metallurgical Company of Vinto. They are demanding the payment of $39 million to the mining district for the sale of concentrates. Source: Pagina Siete
A law has been passed that reduces rents to 50%
The Plurinational Legislative Assembly (PLA) last night sanctioned the Exceptional Rent Law, which reduces the payment of rent payments by 50% starting March 17 and up to three months after the end of the quarantine. It only applies to family use environments, rented for up to 5,000 bolivianos ($718.4). In the case of retail or service stores, the rule only benefits those who pay up to 7,000 bolivianos ($1,000). And in the case of businesses, the rent should not exceed 15,000 bolivianos ($2155). If the amount is above than those figures, the rule does not apply.
Bolivia Económica 