President Juan Manuel Santos on Monday gave US transport company Uber six months to register as a formal company in Colombia or be banned from the South American country.
Colombia will create a holding company of state-owned businesses in a bid to increase transparency and as a step toward membership in the Organization for Economic Cooperation and Development (OECD), Full Article »
Colombia’s state-controlled oil producer Ecopetrol on Tuesday reported a 62.2% drop in quarterly profit due to the global plunge in oil prices and costs incurred because of rebel attacks.
The government presented a bill to Congress on Wednesday proposing that the debt ceiling be raised by $13 billion in order to finance social investment projects.
The Colombian government has put drastic measures in place to prevent potential energy blackouts caused by the affects of the pacific weather phenomenon, “El Niño,” and declining access to oil.
Colombia’s finance ministry has cut $3 billion from the government’s $74.3 budget for 2015 to avoid this year’s deficit exceeds 3% of the country’s GDP.
U.S. automaker General Motors wants to invest nearly $100 million over the next four years in Colombia and export some 2,000 vehicles assembled in the Andean nation to Brazil.
Colombia’s President Juan Manuel Santos on Thursday said the central bank’s recent half-point interest rate hike was excessive, and policymakers should tighten rates more gradually to avoid stifling the economy.
Coffee growers in the Colombian Andes say a drought caused by the El Niño weather phenomenon is threatening their crops, some of the world’s most prized coffee beans.
The Colombian peso bounced back from a year-long devaluation this week, putting the US dollar below the COP2,800 bar.
Komsa, a subsidiary of U.S.-based conglomerate Koch Industries, has purchased majority rights to the petroleum coke that will be produced at Colombia’s newly renovated Reficar refinery in the coming 10 Full Article »
Colombian state-controlled oil company Ecopetrol on Wednesday inaugurated a newly expanded refinery capable of processing 165,000 barrels of crude per day and equipped with the most modern technology in Latin Full Article »
As Colombia’s employers and unions begin their annual negotiation about the country’s minimum wage earned by more than half of the population, banks on Tuesday proposed a 6% increase, the Full Article »
As Colombia’s economy slows down and inflation picks up, the country’s middle class professionals have seen a 3-6% salary drop. CEOs and company directors, however, received 11% more money over the Full Article »
Foreign investment in Colombia fell by 21% this year on par with a regional trend, according to a report.