Fundación Natura Bolivia, the indigenous people of the Bajo Paragua forest, and Selfless by Hyram have joined forces to hold the line on deforestation in the Amazon, announcing the creation of the 2.05-million-acre Bajo Paragua San Ignacio and Concepcion Municipal Protected Areas. With support from the partnership, the communities will manage the new protected areas which are also home to spider monkeys, jaguars and at least 1,273 vertebrate species. Conservation of the forest permanently locks up 337,162,504 metric tons of carbon dioxide which would otherwise contribute to climate change.
Category: Business
Information regarding the business sector.
YPFB to invest $17.4 million in drilling wells in Bolivia’s Amazon region
YPFB began drilling the Gomero X1 IE well, located in the department of Pando in Bolivia's Amazon region. The project will require an investment of $17.4 million and aims to discover the hydrocarbon potential of this area of the country.
YPFB expects revenues of $140 million annually after reactivating the urea plant
The state-owned oil company YPFB estimates annual revenues of between $120 and $140 million once the Ammonia and Urea Plant (PAU) reactivates fertilizer production. The plant's stoppage caused economic damage to the State, quantified at $291.19 million, related to lost profits, stoppage costs, repair of damaged equipment and lack of adequate maintenance.
Reactívate fair achieves $52 million in business intentions
The Fair for the Comprehensive Economic Reactivation for Bolivia 'Reactívate' achieved business intentions for $52 million. A total of 946 companies from all over the country registered for the fair. Source: El Deber
PIL stopped selling 81 MM litres of milk between 2020 and 2021
Between 2021 and 2021, the PIL industry stopped selling 81 million litres of milk throughout the country due to the entry of contraband dairy products, the fall in exports, low sales in the domestic market and the reduction in the purchase of milk for school breakfast. Given this situation, the industry decided to suspend the collection of 330,000 litres of milk on Sundays and collect only 50 per cent of that amount on Saturdays, affecting 5,000 producers.
Startup reaches a $1 million valuation
SOS Agro, an initiative that emerged in adversity and the midst of the health crisis, reached a valuation of one million dollars in a seed investment round. The idea designed to facilitate farmers' productive work through satellite images of their crops, which can be viewed and monitored through a mobile application.
Agro-environmental Court annuls judgment on a $61.6 million payment from Petrobras Bolivia
The First Chamber of the Agro-environmental Court annulled the sentence against Petrobras Bolivia, which ordered Petrobras Bolivia and its partners to pay $61.1 million to a family for the land where the San Alberto camp located. Source: El Deber
YPFB invests $37.2 million to increase its shares to almost 20% in Brazil’s TGB pipeline
YPFB Transporte S.A., through its subsidiary YPFB Transporte do Brasil, increased its shareholding in Transportadora Brasileira Gasoducto Bolivia-Brasil S.A. (TBG) from 12% to 19.88% with an investment of $37.2 million.
Tarija’s power distribution company records accumulated losses of $12.9 mn
The distribution company Servicios Eléctricos de Tarija (Setar), which depends on the Government of Tarija, has more employees than other companies in the country and an economic loss of Bs 90 million ($12.9 mn) accumulated in recent years.
331 kilos of gold seized from an Indian company went missing
Three hundred and thirty-one kilos of gold seized from the Indian importer GoldShine disappeared from the warehouses of that firm, which paradoxically had them in custody. The mineral is valued at $18 million, estimating that the State loses approximately Bs 9 million in royalties ($1.29 mn).
Bolivia Económica 
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