Colombia’s Comptroller General said Wednesday that some positive effects of the recent depreciation of the country’s peso aren’t sufficient to offset plummeting oil prices and other negative effects triggered by the currency’s…
Colombia’s e-commerce industry grew more than 40% during 2014 after years of lagging behind the global trend, said a recent report.
The Organisation for Economic Co-operation and Development (OECD) on Monday bashed Colombia’s tax system for being inefficient and benefiting the rich while discouraging investment and job creation.
The World Economic Forum ranked Colombia as an international leader in entrepreneurship. According to one of the researchers of the report this is because of increased innovation among the local…
Colombian foreign reserves grew by $3.69 billion in 2014, up to a total of $47.32 billion as of December 31, said the country’s central bank on Wednesday.
US economy magazine Forbes has placed Colombia 8th in a list of 25 global destinations for foreign retirees.
Colombia’s economic risk has risen to levels not seen since 2011, according to local media.
Colombia’s export industry contracted significantly during November 2014 compared to the same time last year, according to the latest statistics. If crude oil prices continue to be low, this decrease in…
Colombia’s economy will face an uncertain and challenging 2015, but is widely expected to continue its heartening development.