Colombia raises minimum wage by 12%
Colombia’s Labor Ministry raised the country’s minimum wage by 12% to $335 (COP1.3 million). The wage hike affects the monthly income of some 2.5 million workers and is more than…
Colombia’s Labor Ministry raised the country’s minimum wage by 12% to $335 (COP1.3 million). The wage hike affects the monthly income of some 2.5 million workers and is more than…
Colombia’s President Gustavo Petro traveled to China in an attempt to improve economic relations with the Asian giant. During his three-day visit, Petro is expected to meet with his Chinese…
Colombia’s Congress approved the government’s 2024 budget, which includes an 18.9% increase. The government of President Gustavo Petro will have a budget of $118.2 billion (COP502.6 trillion) next year, considerably…
Colombia’s President Gustavo Petro said his government is renegotiating a trade deal with the United States to benefit the South American country’s agriculture sector. Petro made the announcement at an…
Colombia’s congress agreed to add $4.1 billion (COP16.9 trillion) to the government’s budget for this year. According to the government of President Gustavo Petro, a tax reform that was approved…
Multinational NGO’s are visiting Colombia to urge the country’s leaders to abandon controversial treaties that seek to protect foreign investment. Over the past decades, Colombia’s previous governments signed multiple investor…
The number of people in Colombia who lack access to food reached 30% in the last quarter of 2022, according to the United Nations’ Food and Agriculture Organization (FAO). This…
President Gustavo Petro revealed the proposals with which the government hopes to radically “change” Colombia’s socio-economic policies in the coming years. In the 150-page National Development Plan (PND), the administration…
Inflation in Colombia soared to 13.1% in the last month of 2023, the highest rate since March 1999, according to the statistics agency. Colombia’s average inflation rate was 10.15% last…