Month: Nov 2020

Soybean agribusinesses ask for sector-deregulation as prices hit $440/ton

Soybeans are registering record prices, $440 per ton, the highest value on the international market since August 2014. The country's productive and industrial actors in the oilseed sector are calling for public policies to promote exports without restrictions or quotas, and access to the use of genetically improved seeds to increase productivity and competitiveness. The surplus of the 2019-2020 summer cycle -after 800,000 tons to cover the domestic market- may generate between 800 million and one billion dollars for exports.

Roque Roy Méndez is the new general manager of Entel

The Board of Directors of Empresa Nacional de Telecomunicaciones (Entel), appointed this Friday, Roque Roy Méndez Soleto, as the new general manager of the state entity. Méndez returns to the position he held from 2010 to 2013. Roy Méndez is an Electronic Engineer, graduated from the Universidad Mayor de San Andrés (UMSA) with a degree in Electronic Engineering. He has a diploma in Higher Education, Research and Skills from the Military Engineering School (EMI) in the city of Santa Cruz. He was Vice Minister of Telecommunications of the Ministry of Public Works in two opportunities.

Government appoints Vice-Ministers of Energy Technologies and Exploration

The Government appointed the Vice-Ministers of High Energy Technologies and Exploration and Exploitation of Hydrocarbons. Álvaro Hernán Arnez, returned to the Ministry of Hydrocarbons to serve as Vice-Minister of High Energy Technologies. Between 2012 and 2016 he held the position of Vice Minister of Industrialization, Commercialization, Transportation and Storage of Hydrocarbons. Arnez has a Master's degree in Polymers and a PhD in Chemical Engineering. Luis Alberto Poma Calle is the new Vice Minister of Hydrocarbon Exploration and Exploitation. In 2015 he served as Vice-Minister of Exploration and Exploitation, and later became Vice President of YPFB.

Expoautomotriz 2020 achieves $4.7 million in vehicle purchase intention

The Expoautomotriz 2020, called "My house, my insurance, my investment... My future in the giant of the Ande" organized by the National Chamber of Commerce (CNC) and carried out in a presential and virtual way, achieved 4.7 million dollars in intentions of purchase of vehicles. Twenty-eight companies attended the meeting from the automotive sector, real estate, insurance, financial institutions and others.

Bolivian imports total $5.61 bn until October

The Bolivian Institute of Foreign Trade (IBCE) reported that imports, between January and October 2020, totalled 5.61 billion dollars, 31% less than what registered in the same period in 2019. All categories experienced decreases in value and volume, except for foreign purchases of food and beverages, which grew in volume by 17% and in amount by 3%, compared to January to October 2019.

Ana María Morales assumes the direction of the UIF

The Minister of Economy and Public Finance, Marcelo Montenegro, appointed Ana María Morales as the new Director of the Financial Investigations Unit (UIF) on Thursday afternoon. Ana María Morales is a lawyer by profession and a graduate of the Sociology Department. From 2018 to date, she has held the position of Director of Strategic Analysis, Monitoring and International Coordination of the UIF.

INE reports an urban unemployment rate of 8.7% as of October

The National Institute of Statistics (INE) reported that the urban unemployment rate in the month of October reached 8.7%, according to the results of the Continuous Employment Survey (ECE). The figure represents a decrease in the unemployment rate of 1.3% concerning the rate registered in September (10%) and 2.8 percentage points lower than that of July of 11.6%, which was the highest figure recorded in this administration.