Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.
Bolivian President Evo Morales has reinstated 17 of his cabinet members and changed three in a cabinet shakeup the state news agency ABI reported. Over the weekend all twenty ministers had tendered their resignations to President Evo Morales, as he began his sixth year in office. The cabinet changes come as Morales popularity drops according to opinion polls.
Chilean President Sebastian Piñera has responded to Bolivian President Evo Morales who said Saturday that “Atacama, used to be Bolivian and we hope to recover it soon, although a presidential spokesmen later said “it was a joke.”
The Bolivian government has increased its military budget by more than 120% during the last decade, increasing 64% during President Evo Morales five years in office, according to a report compiled by Bolivian journalist, Ruy D’Alencar Delgado, published in El Deber newspaper.
Coca Brynco was launched in Bolivia earlier this week. It is the first mass produced soft drink of its kind and the project is supported by the government of President Evo Morales.
President Evo Morales’ government has offered to reimburse 100% of the cost of successful exploratory drilling in Bolivia by private oil and natural gas companies, state-owned energy company YPFB announced this week.
Bolivia plans to invest 1.73 billion US dollars in the energy industry in 2011, focusing on gas to ensure adequate production to supply Argentina and Brazil, as well as the domestic market, the head of state-owned oil company YPFB, Carlos Villegas, said.
Bolivia formally recognized Palestine as an independent and sovereign state within the 1967 borders, Bolivian President Evo Morales announced Wednesday. Reports last week indicated that such a decision was imminent
President Evo Morales announced on Friday that Bolivia would recognize Palestine as an independent sovereign state. The Bolivian leader made the statement during the Mercosur summit in Brazil.
The Bolivian Space Agency (ABE) and the Chinese Great Wall Industry Corporation signed a commercial contract for the construction and launching of the first Bolivian telecommunications satellite, which has been baptized Tupac Katari.