Cellphone minutes, high speed internet connections and other telecommunications services added up to US$2.54 billion in revenues by Spanish multinational Telefónica’s Colombia branch last year, accounting for 1.3 percent of…
Colombia enacted the most business reforms of any Latin American country in the last year, says a new World Bank report. Chile remains the most business-friendly country in Latin America,…
Colombia collected 45.7 billion pesos in taxes between January and August of this year, including a 10 percent increase in August over last year, show preliminary numbers. Despite the increase,…
The Colombian government promised to radically reduce poverty in the last two years of the current administration of President Álvaro Uribe. According to the National Planning Department, the government…
Chevron Corp. and Repsol were among the 32 companies approved by Colombia to bid on 43 oil exploration areas as the country seeks to boost output to a million…
Colombian President Álvaro Uribe said economic growth could slow to under 4 percent this year, an “unpleasant surprise,” that cannot be ruled out. Uribe said that without an interest rate…
A record US$1.72 billion in dollar transactions were made in the Colombian foreign exhange market Monday as news broke of the U.S. government buyout of mortgage giants Freddie Mac and…
The peso advanced for a fourth day, jumping 2.7 percent to 1,699.35 per U.S. dollar at 10:25 a.m. in New York, from 1,746.9 on July 3, according to the Colombian…