Colombia trucker strike causing rising food prices and food shortages
A trucker strike that has kept approximately 40% of trucks off the road in Colombia is beginning to cause food shortages and increased food prices in Bogota and Medellin.
A trucker strike that has kept approximately 40% of trucks off the road in Colombia is beginning to cause food shortages and increased food prices in Bogota and Medellin.
The dollar broke the barrier of COP2,600 on Monday, sparking speculation of a further substantial rise which would increase Colombia’s prices in a number of key areas.
Colombia’s mines and energy minister said the Andean nation will strive to keep oil production at roughly 1 million barrels of crude per day in 2015 and also maintain coal…
Net profits at Colombia’s state-controlled oil producer Ecopetrol fell 42.7% in 2014 versus the year before, due to lower crude prices and higher costs.
The Colombian peso continues to drop against the dollar, which broke through the COP2,500 barrier on Monday. The extent of the dollar’s appreciation came as a surprise for most analysts.
Colombia will delay spending $2.44 billion (6 trillion pesos), some 3% of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Following years of trade surpluses, Colombia ended the year 2014 with a record trade deficit due to decreased revenue of exports and growing imports.
Colombia’s capital Bogota aspires to become the main business center of music in Latin America.
The number of foreign visitors to Colombia grew 12.1% in 2014, according to statistics released by the country’s trade ministry.