Authorities from the Ministry of Hydrocarbons and Energy guaranteed the investment of more than $100 million to expand and improve electricity service coverage in Bolivia's rural areas. According to the government, the National Electricity Company (ENDE) has increased electricity service coverage in rural areas to 83% and aims to reach 100% by 2025.
Day: Feb 15, 2021
Restaurant sales in Cochabamba dropped by almost 40% due to COVID-19
The Covid-19 pandemic decreased restaurant sales in Cochabamba by almost 40%. Of the approximately 4,000 restaurants, 30% have closed permanently, while another 15 % are at risk of going out of business as a result of the impacts of the second wave. According to the Asociación de Empresarios de Restaurantes y Afines (Aserac), all restaurants in the city had to withdraw staff. Before the pandemic, the sector generated 40,000 direct jobs and 80,000 indirect jobs.
SIN to identify fortunes in excess of $4.3 million in order to collect the wealth tax
The National Tax Service (SIN) will carry out the investigation, control and inspection to identify individuals who do not register as taxpayers of the Tax on Large Fortunes (IGF) despite having a net worth of more than Bs.30 million ($4.3 million).
Santa Cruz livestock farmers prepare first container of meat for export to Russia
Santa Cruz livestock farmers and meat packing plants such as Frigor, Fridosa and the industrial company BFC, are preparing to send the first container of beef to the Russian market by the end of the month, according to the Santa Cruz Federation of Santa Cruz Livestock Farmers (Fegasacruz).
Softbank to invest $1 bn in Latin America in technology by 2021
Japanese conglomerate SoftBank Group plans to invest close to $1 billion from its Latin American private equity fund this year as it looks to boost technology growth in the region in the wake of the Covid-19 pandemic, including agricultural technology. About 70% of the fund's investments will continue to be in Brazil, but there will also be opportunities in Mexico, Argentina and Colombia. The $5 billion fund has already invested $2.3 billion in Latin American companies such as Banco Inter, Rappi and Gympass.
