Entel’s earnings down 45% in 2020

Entel reported that the company's profits during 2020 decreased by 45%, from Bs 921 million ($132.14 mn) to Bs 511 million ($73.31 mn).

SIN collects $2.84 million through March with audits

The government reported that in the first quarter of 2021, it concluded 2,213 inspection and verification processes by significant economic activity, with a collection of Bs 19,889,468 ($2.84 mn).

More than 50% of DGAC’s revenues will be from overflights

According to the government's data, overflights projected to provide income for the General Directorate of Civil Aeronautics (DGAC) of Bs 39.4 million ($5.65 mn) in 2021. The second significant revenue expected is from collecting debts to companies for Bs 12 million ($1.72 million). The total expected to rise this year is Bs 61.5 million ($8.82 million).

Senatex expects to generate $5 mn from apparel exports in 2021

The National Textile Service (Senatex) plans to generate around $5 million from the export of garments to the Argentine and Brazilian markets during the 2021 fiscal year. The National Textile Service is a public Company.

Government increases Communication budget by 85.21%

Through Supreme Decree 4484, the Government decided to increase the Vice-Ministry of Communication budget from Bs 59.5 million ($8.54 mn) to Bs110.2 million ($15.81 mn). It is 85.21% over the resources it had last year.