Economy

Colombia’s national statistics agency says the pace of growth is slowing, with third quarter GDP growth counted at 3.1 percent above the same period a year earlier. Monday’s report shows…

Colombia’s central bank unexpectedly cut its benchmark interest rate by half a percentage point, the first reduction in more than three years, in a bid to spur consumer spending and…

Colombian Finance Minister Óscar Iván Zuluaga vehemently asked the Central Bank to cut its interest rates and support the Government’s fight against inflation. But according to 16 of 32 economists…

Colombia’s state oil company Ecopetrol sees production at 457,000 barrels per day next year and plans to increase investments by 35 percent to $6.2 billion financed mostly with its own…

World Bank president Robert B. Zoellick urged United States president-elect Barack Obama Tuesday to approve the free trade agreement with Colombia and other countries whose free trade pact is on…

Colombian central bank director Carlos Gustavo Cano said he disagreed with the board’s decision to raise interest rates this year as inflation showed signs of slowing and said the bank’s…

Colombian state oil company Ecopetrol booked a more than 10 trillion peso (US$5.2 billion) profit in the first ten months of 2008. That’s 146 percent more than in the same…

Colombia’s Attorney General on Tuesday recommended that the government deny permission for what would be the country’s biggest gold project, saying that the mine would be located in an environmentally…

The European Union skips the import tax for a vast number of Colombian products. Colombia is one of the 15 developing countries benefiting from the new measure. The measure will…