The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.

The South American nation seeks to “strengthen international cooperation and guarantee legal certainty” through investments in key sectors such as energy, hydrocarbons, and mining.

José Luis Lupo, Minister of the Presidency, stated that these “legislative initiatives seek to provide long-term legal support for the decrees recently approved by the Executive Branch, which are aimed at boosting the economy and creating a more predictable environment for investors.”

Lupo explained that the package of laws will be sent to the Legislative Assembly for the evaluation of “projects related to international loans secured by President Rodrigo Paz Pereira from multilateral organizations such as the Development Bank of Latin America and the Caribbean (CAF) and the Inter-American Development Bank (IDB).”

He emphasized the country’s goal of “overcoming regulatory barriers, reducing bureaucracy, and strengthening the rule of law, with the aim of creating favorable conditions for investment, technology transfer, and export growth.”

M.Pino

Source: spanish.xinhuanet

(Reference image source: Artyom Korshunov on Unsplash)          

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Venezuela and Russia signed 42 agreements in various key areas for both nations, such as agriculture, energy, cooperation, and the extension to 15 years of the license for oil exploration and exploitation by joint ventures.

The meeting between Venezuelan Vice President Delcy Rodríguez and Russian Deputy Prime Minister Dmitry Chernyshenko also provided an opportunity to sign agreements in the area of ​​health, “such as those focused on the production of insulin and the cancer vaccine.”

Rodríguez stated: “We have signed very good agreements for our people, for shared development, and they will begin to materialize very soon (…) We appreciate all the expressions of solidarity that Russia has consistently shown to our country. Rest assured that Venezuela will not surrender and will emerge victorious, defending the peace and sovereignty of this nation.”

M.Pino

Source: unionradio

(Reference image source: Marta Ortigosa on Unsplash)

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Spain agreed with Cuba on a medium- and long-term Debt Conversion Program of up to €375 million, which will focus on economic growth, as well as social development, investment, and debt relief.

Cuban Minister of Economy, Trade, and Business Carlos Cuerpo traveled to Spain to sign the agreement. He emphasized the importance of this program to “finance sustainable development projects in key sectors such as energy, water, and food security, among others.”

Although this program between Spain and Cuba was agreed upon in 2016, it will be activated in 2025, in line with the multilateral agreement reached within the Paris Club in January.

“This measure represents a significant step in Spain’s commitment to innovative debt relief instruments that are geared toward concrete results and effective cooperation. It is also aligned with the objectives of the 4th International Conference on Financing for Development,” they stated.

It is important to note that these debt conversion programs have the primary objective of boosting economic growth and social development in developing countries “through debt forgiveness and its transformation into high-impact investment projects.”

The funds can be used to finance projects implemented by companies from both countries, and through international organizations and specialized organizations with operational experience in the country.

M.Pino

Source: lamoncloa.gob.es

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The Chinese company Betavolt Technology, specialized in the construction of semiconductors, batteries and new materials in this field, announced the creation of an atomic battery called BV100 for mobile phones, with a duration of 50 years.

It is true that despite technological advances, the Achilles heel of new equipment continues to be the battery. To provide a long-lasting solution, the company Betavolt Technology launched this atomic battery.

How did they achieve this? “All of this has been achieved using a surprising type of energy, atomic energy, and although this may sound dangerous or nonsensical, the truth is that it could be the energy of the future for all kinds of devices such as smartphones, small robots, drones, smart sensors or even medical devices,” the company says.

They explain that the energy is obtained “from the natural disintegration of a radioactive isotope, and the truth is that for now it is not very well known how safe this source of energy is.”

The BV100 battery is safe; it has passed preliminary controls successfully, although additional safety tests are still needed before it can receive approval for large-scale production and marketing.

M.Pino

Source: eleconomista

(Reference image: Andreas Haslinger on Unsplash)

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