A poll conducted among businessmen by the national businesses association ANDI concluded that there is widespread acceptance towards government corruption in Colombia. According to the poll, almost 71% of the 89…
Bomb attacks last week halted pumping operations along Colombia’s second most important oil pipeline, the Caño-Limon Coveñas, state oil company Ecopetrol said on Sunday. The company did not say who…
Colombia’s foreign debt reached $116 billion in October, equivalent to 40% of the country’s GDP, according to a report published Wednesday by the country’s state-run central bank. As of 2015,…
The World Bank projected economic growth at 2.5% for Colombia in 2017 in its semi-annual Global Economic Prospects report released last week. The projection is over double the 1.2% growth…
Colombia’s 2016 inflation was set at 5.75% by the country’s national Central Bank, missing the government-set target for the year but still down from the inflation recorded in 2015. At the beginning of…
Colombia’s chief prosecutor slammed a tax reform on Monday, the day it took effect, claiming the new tax system fails to confront the mass tax evasion that has long undermined the country’s fiscal system. Prosecutor…
Colombia’s government decreed a minimum wage hike of 7% after labor unions had walked out of weeks of ritual but fruitless negotiations with employers. Labor Minister Clara Lopez announced the decree…
Lawmakers in Colombia’s Congress have approved a tax reform bill that seeks to raise billions of dollars in the coming years to make up for lost oil revenue and preserve…
Illegal armed groups and informal miners extract approximately 80% of the gold on the market in Colombia, according to the Colombian Mining Association (ACM). ACM chairman Santiago Angel told newspaper El…