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.
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 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.
The Secretary General of the Andean Community (CAN) announced that one of its goals in 2021 is to promote full energy integration with Chile. The CAN, a bloc made up of Bolivia, Colombia, Ecuador and Peru, has also made it a priority this year to achieve closer ties with the European Union.
AESA Ratings ranked Banco de Crédito (BCP) as the best in the Bolivian financial system. AESA assessed BCP's short and long term variables, both in local and foreign currency, giving it a stable perspective.