Posted by Wesley Tomaselli | Apr 5, 2013 | Economy
Colombia’s financial sector has resisted lowering mortgage rates in accordance with the central bank interest rate cut to 3.25%, the bank’s most recent cut in March. “The central bank has developed an...
Read MorePosted by Wesley Tomaselli | Apr 4, 2013 | Economy
Colombia approved increasing its foreign debt by $10 billion on Thursday after congress members shared strong cross-party support for the proposed economic measure. The new law raises the country’s debt ceiling to $44...
Read MorePosted by Wesley Tomaselli | Apr 2, 2013 | Economy
Colombia’s premier airline, Avianca, has recorded a 9.7% jump in passenger demand over the first two months of 2013. A 9.7% rise in passengers, up to 3.9 million during January and February, comes on the tail of increased...
Read MorePosted by Wesley Tomaselli | Mar 21, 2013 | Economy
Despite being the world’s fourth largest coffee producing country, 80% of the coffee consumed within Colombia was imported in 2012. Colombia’s National Department of Statistics (DANE) confirmed that Colombia imported...
Read MorePosted by Wesley Tomaselli | Mar 20, 2013 | Economy
India’s ambassador to Colombia has said that, after Brazil, Colombia is the most preferred Latin American country to do business with, reflecting the growing economic relationship between the two countries. Trade between...
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