Pagina Siete reports on the “achievements” of current central government’s doings… or wrongdoings??!! Nationalizations The country is facing at least 13 international arbitrations The Attorney general of the State, Hugo Raúl Montero, reported yesterday that there are at least 13 processes of arbitration faced by Bolivia for the nationalization of transnational corporations. The Authority said…
Tag: nationalizations
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…
What happens when a government nationalizes private ventures?
Milenio Foundation is a very reputable and serious think tank in Bolivia. They just published their Report “New nationalization cycle” No.150, dated June 8, 2012. To nationalize is to capture private companies and convert them to state-owned; in Spanish it is also called ‘estatizaciones’. The conclusions of this report follow: Conclusions The estimated cost of…
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