Montecz, C & C Energy, Hupecol, Winchester, Petrominerales, Petrocolombia, Conequipos, and Union Temporal Omega are only some of the companies to extract oil from Colombian soil.The companies have been coming…
Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarter, the government said. In March industrial output fell 9.43 percent from the same month a year…
The bank’s goal this year was to prevent inflation would go lower than 3.5% or higher than 4.5 percent, but admits inflation is most likely to be 4.9%.
U.S. Congressional Democrats have blocked passage of the pact, saying that conservative President Álvaro Uribe has not done enough to crack down on right-wing militias that have killed hundreds of…
“The objective is to take advantage of the current exchange rate,” Zuluaga said in his announcement as the peso explores nine-year highs. Colombian international debt spreads tightened after the announcement…
In the second month of 2008 the number of people with a job reached 18,5 million, which is over half a million more than a year ago. Colombia now counts…
Economic authorities of Colombia say that even the recession in the United States won’t stop the strengthening of the Colombian economy.The government has calculated a five percent growth of Colombia’s…
The National Administrative Statistics Department (DANE) of Colombia said in a report that the economic growth last year recorded the nation’s highest in the past three decades thanks to construction…
Colombia’s central bank raised the key lending rate a quarter percentage point to 9.75 percent on February 22, luring capital to the fixed-income market, in an effort to stem inflation.…