One more time, current Bolivian central government comes with the worst possible economic policy. Ernesto Estremadoiro Flores writes for El Dia: New law will control the sector utilities The State wants 50% of the banks’ revenues Figures. In 2012 this sector reported profits by $186 million dollars. The rest of the system generated only $35.7…
Tag: bad business
Bolivia does not offer the best scenario for investments, says Spanish Ambassador Angel Vazquez
Aline Quispe reports for La Razon, excerpts follow: We must admit it, Bolivia does not offer the best scenario for investments. Angel Vazquez The Ambassador of Spain valued the natural resources that exist in the country and added that investment and technology of foreign companies is needed, because it is in full development. However, he…
Early in 2013, and Bolivia continues to scare away private investment!
This is a well-written Editorial from El Diario: Unexpected “nationalization” The unexpected “nationalization” of Elecropaz (La Paz), Elfeo (Oruro), Manager of Empresas S.A. and service company (Edeser), belonging to Iberdrola, with predominant Spanish capitals, comes in addition to previous nationalization of the Transportadora de Electricidad firm, of the same origin, made eight months ago and…
Jindal – El Mutun: A chronicle of a death foretold?!
For those of you not following earlier posts on this subject, will realize that this venture was doomed from the beginning: lack of enforcing contractual terms from day one on both sides; not-so-clear contract awarding to Jindal; and a highly visible political issue between Santa Cruz and central government. Walter Vasquez reports for La Razon:…
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