LATEST ECONOMIC NEWS OF BOLIVIA
16/05/2013. End soybean harvest in Bolivia.
The soybean crop (summer campaign 2012-2013) comes to an end with 890,000 hectares harvested and an average yield of 2.2 tons per hectare. The soybean harvest was over 98% and only missing about 20,000 hectares.
16/05/2013. President of Bolivia wants to hire foreign companies for construction of roads.
Evo Morales wants to hire foreign companies for road construction and implementation of municipal equipment works. Evo Morales criticized national companies for failing to meet deadlines.
16/05/2013. Bolivia elects two banks to place bonds of USD 500 million.
Bolivia elects two international banks (Bank of America Merrill Lynch and HSBC) to issue bonds of USD 500 million on the Luxembourg Stock Exchange, which is governed under rules of the stock market in New York, United States.
19/04/2013. Bolivia plans to invest USD 2 billion in hydrocarbons.
The Bolivian government will allocate over USD 2 billion in investing, exploring, exploiting hydrocarbons and oil industrialization. 42 percent of the amount will be invested in oil industrialization in Tarija Department, which will allow exporting energy to neighboring cities. Annual oil production in Bolivia reaches 58,753 barrels per day and its natural gas reserves reach 11.2 quintillion cubic feet.
18/04/2013. International reserves of Bolivia rose to 14,118 million U.S. dollars.
Net international reserves of Bolivia rose to 14.118 million dollars. For the past seven years, the growth of net international reserves of Bolivia is permanent.
18/04/2013. The Government of Bolivia declared Dakar Rally a national priority.
In 2014, the Dakar Rally will take place on the territory of Bolivia.
31/03/2013. Per damage to private companies in Bolivia will be criminally liable.
Minister of Development Planning of Bolivia said that the new Law of Investment in Bolivia provides criminal penalties (imprisonment for a term of one to eight years) for damage to private companies (illegal invasion, destruction of private property...).
31/03/2013. IDB will provide Bolivia USD 356 million in loans.
In 2013, the Inter-American Development Bank invest in Bolivia about 356 million U.S. dollars.
31/03/2013. Contracts for mining in Bolivia will have a maximum duration of 30 years.
According to the New Law of Mining in Bolivia, contracts for prospecting and exploration and mining operations in Bolivia will have a maximum duration of 30 years.
31/03/2013. Rising prices of soybeans encourages the growth of production.
Over the past four years on the international market price of soybeans increased by 42%. For the period 2009 - 2012 the world price of soybeans on the Chicago Stock Exchange rose from USD 379 to USD 538 per 1 tone.
13/03/2013. Results of Census 2012 in Bolivia.
According to the census 2012, the population of Bolivia is 10,389,913 inhabitants (Census 2001: 8,274,350 inhabitants).
Santa Cruz Department: 2,776,244 inhabitants (Census 2001: 2,029,471 inhabitants).
La Paz Department: 2,741,554 inhabitants (Census 2001: 2,349,885 inhabitants).
Cochabamba Department: 1,938,401 inhabitants (Census 2001: 1,455,711 inhabitants).
Potosi Department: 798,664 inhabitants (Census 2001: 708,695 inhabitants).
Chuquisaca Department: 600,728 inhabitants (Census 2001: 531,522 inhabitants).
Tarija Department: 508,757 inhabitants (Census 2001: 391,226 inhabitants).
Oruro Department: 490,612 inhabitants (Census 2001: 392,769 inhabitants).
Beni Department: 425,780 inhabitants (Census 2001: 362,521 inhabitants).
Pando Department: 109,173 inhabitants (Census 2001: 52,525 inhabitants).
13/03/2013. Chinese Oil Company is interested in developing oil and gas projects in Bolivia.
President of the Bolivian Oil & Gas Company met with a delegation from the China National Petroleum Corporation to assess the future strategic cooperation projects in the exploration and development of gas fields in Bolivia. China National Petroleum Corporation is active in the exploration and processing of oil and gas in more than 60 countries around the world, and ranks sixth in the world ranking of the oil companies.
13/03/2013. Record exports of soybeans from Bolivia.
In 2012 soybean exports from Bolivia amounted to about USD 1 billion (41% more than in 2011). After satisfying domestic demand, exports of soybeans from Bolivia totaled about 1.8 million tons.
13/03/2013. Metallurgical Company of Bolivia sell 100,000 tons of iron to China.
President of Mutun Steel Company said that in next week Bolivia will export to China 100.000 metric tons of iron.
13/03/2013. President of World Bank will come to Bolivia.
In month of June, President of World Bank comes to Bolivia for provide investment in the cultivation of quinoa.
12/02/2013. Mutun requires an investment of USD 100 million for the construction of 104 km of roads.
The Bolivian Government is developing a plan for development of infrastructure of Mutun (Mutun - the largest iron ore deposit in the world) which provides modernization of river port, construction of roads and laying of railway to Puerto Busch (Puerto Busch - river port located in Bolivia on the border between Bolivia and Brazil).
12/02/2013. Sunflower cultivation in Bolivia increased on 29 percent.
In 2012 the areas used for cultivation of sunflowers increased on 29 percent (92,980 additional hectares). Oilseed production in Bolivia increased on 48 percent (63,182 additional tons). Sunflower yield increased from 0.90 tons to 1.03 tons per hectare.
12/02/2013. Bolivia will export natural gas to Uruguay and Paraguay.
Deputy Minister of Energy Development of Bolivia announced that the end of February will be completed feasibility study for the export of natural gas from Bolivia to Paraguay and Uruguay.
25/01/2013. In Bolivia being built five new airports.
Bolivian President Evo Morales announced that the Government of Bolivia invests 139 million U.S. dollars in the construction of five new airports in the country (three international and two domestic). Evo Morales said that each department of Bolivia should have international airport.
25/01/2013. Bolivia will receive a loan of 356 million U.S. dollars.
The representative of the Inter-American Development Bank in Bolivia said that the organization plans to invest U.S. $ 356 million in loans to Bolivia in 2013. The representative of the Inter-American Development Bank said that a positive decision was taken due to the stable economic situation in Bolivia.
14/01/2013. In Bolivia passed a law that increases area of land designated for agriculture.
In Bolivia passed a law that increases the total area of land designated for agriculture from 1.1 to 1.7 million hectares.
14/01/2013. Open of the first power plant in Bolivia, which is used as feedstock shell of Brazil nuts.
After several years of research and testing of various technologies in the Department of Pando was installed power plant, which is used as raw - shell of Brazil nuts.
14/01/2013. Karachipampa Metallurgical Complex began producing products.
After 28 years of inaction, the metallurgical complex of Karachipampa began production of ingots of lead and silver. Metallurgical complex, located near the town of Potosi, will also produce sodium antimonate, zinc oxide, bismuth crystals and copper matte.
9/01/2013. On irrigated land planned to harvest up to 12 tons of rice a year.
With the use of irrigation project in Bolivia will produce up to 12 tons of rice per 1 hectare (two crops per year). Investment in the project amounted to approximately U.S. $ 3 million.
9/01/2013. The Bolivian government plans to invest $ 100 million abroad.
The Bolivian government plans to invest 100 million U.S. dollars in the purchase of foreign bonds. In this month will be selected by an investment bank.
2/01/2013. Agricultural production in Bolivia.
Agricultural production (summer crop in 2012) in Bolivia:
Soybean production in Bolivia was 1,872,280 tons;
Maize production in Bolivia was 712,800 tons;
Rice production in Bolivia was 479,790 tons;
Sorghum production in Bolivia was 252,010 tons;
Sesame production in Bolivia was 7,500 tons;
Production of cotton (fiber and seed) in Bolivia was 10,016 tons;
Production of sugar cane in Bolivia was 6,448,449 tons.
An estimated that the winter harvest of agricultural products (crops) in 2012 will amount to 1,713,285 metric tons.