Industries lose $4.3 mn per quarantine day but support the measure

After departmental authorities determined a rigid quarantine on weekends, the Chamber of Industry and Commerce of Cochabamba (ICAM) indicated that, for each day of suspension of activities, the sector stops generating 30 million bolivianos ($4.3 mn); however, it assured that the industries would comply with the determinations.


Petrobras rejects $61.1 million lawsuits and announces defence

Petróleo Brasileiro S.A. (Petrobras) informs that its integral subsidiary Petrobras Bolivia S.A. (PEB) was ordered in the first instance to pay compensation for using the property where the San Alberto field facilities located in the amount of $61.1 million, plus interest and costs. The judgment also imposes precautionary measures against the oil company. PEB informs that it appealed to a higher instance, such as the Agro-environmental Court of Sucre, where the case evaluates currently.

ASFI: Financial system satisfaction index dropped from 8.22 to 5.99 points

The National Financial System Survey (ENSF) corresponding to 2020 management, organized and carried out by the Financial System Supervisory Authority (ASFI), showed a significant drop in the Satisfaction Index (SI) of the national financial system from 8.22 (recorded in 2019) to 5.99 at present. The perception of compliance with the social function, another indicator analyzed, also dropped, from 7.94 to 5.72 points (out of 10).

Agro-environmental Court analyzes a $61.5 mn payment claim to Petrobras

The Agro-environmental Court of Sucre, after the drawing of lots for the magistrate rapporteur, will be in charge of analyzing the economic claim against Petrobras for an amount of $61.5 million. A private plaintiff claims to have the proprietary right over a 544-hectare property where the San Alberto well is located, with a Social Economic Function (FES) vocation.

The forestry sector faces a crisis and works at 35% of capacity

The forestry and timber sector is in a deep crisis due to low production, working 35% of installed capacity. The growth of imports, the substitution of wood for metals and PVC, the lack of a domestic market, the fall of foreign markets, and the contraction of the community and private economy have affected the sector. It led to the layoff of more than 25,000 workers in the last eight years.