Colombia struggling to keep unemployment rate from growing again
After years of steady decrease, Colombia’s unemployment rate increased again in August amid an economic slow-down caused by a global drop in commodity prices.
After years of steady decrease, Colombia’s unemployment rate increased again in August amid an economic slow-down caused by a global drop in commodity prices.
Colombia’s economy will grow only 2.8% in 2015, according to the country’s central bank, which on Tuesday was forced to lower its 2015 GDP growth projection due to low commodity prices.
Colombia on Tuesday announced investment incentives in the oil industry to curb dropping revenue and decreasing investment necessary for the country to not run out of oil entirely.
Colombia’s Mauricio Cardenas has been voted 2015’s best Finance Minister by economics magazine Euromoney for his “fiscal credibility and investment plans.”
Colombia offered a generous premium Monday to lure investors into a US$1.5 billion 10-year-long bond deal amid worries about the price of oil, its main export.
Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages.
The United States is sending a trade mission to Bogota and Medellin to promote future investment’s in Colombia’s different sectors, including infrastructure and healthcare.
Colombia’s President Juan Manuel Santos met with the Inter-American Development Bank (IDB) to seek funding for post-conflict projects in one of the most impoverished regions of the South American country.
Colombia’s Mac Dooglas fast food restaurant is forced to re-brand after being sued by McDonald’s. However, the tiny restaurant chain did not go down without an epic fight against one of the world’s largest…