Figures revealed by Colombia’s statistics department (DANE) show that the export of traditional products like oil, coal, coffee and ferronickel, generated US$11,9 billion. Colombia had a positive trade balance of…
“It has been a long time since anyone believed that 2008 inflation would come in within target. The June number is further confirmation that the target will not be hit,”…
The Minister, currently in Spain for the World Petroleum Congress, told Colombian newspaper El Espectador his country seeks to “promote participation in what we are going do”.Martínez says Colombia’s oil…
Colombia currently taxes oil companies 30 percent of production when oil is above $30 a barrel, but with oil now around $140, the government is working on a formula to…
The Colombian national bank started buying US$20 million on the spot market to take the heat of it’s country’s export sectors. They had asked the bank to interfere, after fearing…
“The government is making an additional effort to cut public spending,” Uribe said in a speech to local business leaders. The government wants to control consumer prices by reducing the…
Only if Colombia is able to continue to grow like it did last year for a period of 25 years, by the year 2038 it will be considered a middle-income…
The Colombian government will auction about 100 small areas, some of which had been handed over by companies back to the government, Zamora said. Interested companies have until the end…
Banco de la Republica will buy the U.S. dollar through competitive auctions, the bank said in a statement late June 20. The purchases replace the $150 million in dollar put…