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.
The refreshment bonus, which public servants will collect through the Mobile Wallet application in 90 days, will move 278 million bolivianos ($39.88 mn) per year to purchase domestic products, the Government informed yesterday.
The Federation of Private Businessmen of Cochabamba (FEPC) informed that the rigid quarantine carried out last week has generated a loss of approximately 20 million bolivianos in the departmental productive apparatus.
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.
The 2021 Budget for Santa Cruz is Bs 2,079 million, including Bs 735.2 million of transfer from the General Treasury of the Nation (TGN) for delegated payments of the health and social management sector. Of this amount, Bs 1,380 million ($198 mn) will allocate to public investment.
From the beginning of its activities until March 2021, the Border Task Force (Gefrontera) has seized the equivalent of more than $2.5 million. The figure refers to calculating the value of seizures of weapons, vehicles, drugs, boats and smuggled goods. Source: El Deber
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).
In an analysis of the first four months of this year, the Government stated that the Bolivian economy registered a 5.3% growth.
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 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.