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…
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…
Foreign investment in Colombia fell by 21% this year on par with a regional trend, according to a report.
Colombia ranks fourth in the world for having the highest tax rates for businesses, according to the World Economic Forum’s Global Competitiveness Report.
Colombia’s Congress has approved a 215.9 trillion peso ($74.2 billion) budget for 2016, an increase of 2.5% but including a cut to investment that the finance minister characterized as belt-tightening.
Colombia is considering a possible euro bond sale next year as the government seeks to cover the remaining $1.5 billion of its 2016 funding needs, the country’s public credit head said on…
Colombia’s coffee production is predicted to fall 18% for the second half of the year amid water shortages caused by the “El Niño” weather phenomenon.
