Posted by Toni Peters | Mar 23, 2012 | Economy
The board of Colombia’s central bank left the base interest rate unchanged at 5.25% Friday. It based its decision on several pieces of economic data, it said in a press release — such as inflation, internal demand,...
Read MorePosted by Toni Peters | Mar 23, 2012 | Economy
Colombia’s President Juan Manuel Santos has predicted royalties of $5.2 billion for 2012, as the new system of oil and mining royalties takes effect. The head of state said “This [money] is going to be distributed...
Read MorePosted by Toni Peters | Mar 22, 2012 | Economy
Colombia is the seventh most unequal country in the world and second most unequal in Latin America, according to the country’s President Juan Manuel Santos and the World Bank. “This situation is totally...
Read MorePosted by Toni Peters | Mar 22, 2012 | Economy
Colombia’s GDP increased 5.9% in 2011 compared to the previous year, according to government statistics agency DANE. The biggest increase was registered in mine and quarry exploitation, while the smallest increase was seen...
Read MorePosted by Toni Peters | Mar 21, 2012 | Economy
Colombia’s Constitutional Court on Wednesday approved investment promotion and protection agreements with United Kingdom, China, and India. The bilateral agreement between the United Kingdom and Colombia was approved March...
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