Colombia’s state-controlled oil producer Ecopetrol on Monday reported net income of $525.6 million (COP1.56 trillion) for 2016, as it cut costs amid still-low global prices for crude oil. The company…
Colombia’s unemployment rate rose 0.3% to 9.2% in 2016, the first increase since 2009, according to figures released on Tuesday by government statistics agency DANE. Between 2009 and 2015 the…
The expansion of Colombia’s economy slowed down to its lowest rate for the last seven years, with 2.0% GDP growth in 2016 according to Colombia’s National Administrative Department of Statistics (DANE).…
Colombia’s government has begun termination of an $861 million contract to restore navigability of the Magdalena River that was led by Brazil’sOdebrecht, the government said on Wednesday. The decision was…
Ahead of presenting Colombia’s worst economic growth rate since the banking crisis, the country has prepared an economic strategy to “rebound” from the burst commodity bubble. For years, Colombia was able to present…
Coffee exporters in Colombia, the world’s top producer of washed arabica, are bracing for a possible truckers strike in the coming weeks, just seven months after they last blocked highways…
Colombia will impose a $940,000 (COP2.7 billion) fine on the so-called “Cattle Cartel” for price fixing across the country, the country’s business intendent said Tuesday. The penalty is for livestock…
Colombia’s exports dropped 13% in 2016 in spite of a minor increase in exports to its biggest trade partner, the United States, for the first time since the two countries signed a…
Japan’s Sumitomo Mitsui bank has pulled $250 million in financing from Colombia’s Magdalena River navigability project, as majority stakeholder Odebrecht faces corruption charges, the Colombian government said on Tuesday. Odebrecht…