FCA carried 34% less cargo than projected in 2020 due to COVID-19

Empresa Ferroviaria Andina SA (FCA SA) had planned to transport 1.1 million tonnes of cargo last year, but due to the COVID-19 pandemic it only met its target by 66% (722,000 tonnes). The figures show that the company stopped transporting 378,000 tonnes (34%) of cargo, both exports and imports.

More than 1,300 people have registered for VAT refunds

The president of the National Tax Service (SIN), Mario Cazón, reported that more than 1,300 people registered as beneficiaries of the 5% Value Added Tax (VAT) refund in the first days of the registration process. The beneficiaries are self-employed workers, self-employed persons, pensioners, and dependent professionals from the public or private sector with a monthly income equal to or less than Bs 9,000 ($1,307.93).

Echo Energy signs cooperation agreement with leading Bolivian energy company, GTLI

Echo Energy signed a cooperation agreement with GTL International S.A, a majority owned subsidiary of the Bolivian company UruboCorp focussed on energy production and supply in Bolivia and with interests in both the hydrocarbon and renewables sectors. Cooperation between the Company and GTLI on any specific projects identified remains subject to, inter alia, the negotiation and entry of binding agreements and Echo will focus on any opportunities that meet its stringent profitability and positive cashflow criteria.