Colombia cuts 2015 budget to avoid excessive deficit
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.
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.
Colombia’s health, infrastructure and education sectors, among others, continue to fail in terms of international competitiveness, a report by a local economic think tank said.
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…
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…
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…