Economy

Colombia’s economy should stage a recovery in the second half of the year and return gradually to a path of sustained growth, an official from the International Monetary Fund said…

The Colombian economy “technically speaking” is not in recession, despite showing a negative growth for two consecutive quarters, the country’s Finance Minister said Thursday. Colombia’s economy shrunk 0.6 percent in…

Colombian city Bucaramanga introduced free city-wide wireless internet, RCN’s Colombianews.tv reported Thursday. According to the newscast, the capital of Santander is the first city in Colombia and the second in…

The Colombian economy is officially in recession, government statistics agency DANE announced Thursday. The country’s economy contracted for the second consecutive quarter, this time with 0.6 percent. In the last…

Colombia, the world’s number 3 coffee producer and top supplier of mild arabica beans, could catch up with delays in its coffee exports around October, said Nestor Osorio, head of…

United States tobacco company Philip Morris agreed to pay US$200 million to Colombia’s 32 departmental governments to settle a lawsuit about alleged tax evasion. The departments had sued Philip Morris,…

Colombia’s central bank cut its benchmark rate by the smallest amount in five months in a bid to spur growth without sparking inflation, and said it doesn’t see additional rate…

The production of panela generates 90,000 jobs in Colombia, the country’s Institute for Medicine and Food Monitoring (INVIMA) announced Thursday. The Institute has 17,255 sugar mills inscribed in the official…

Colombia’s industrial production, excluding coffee processing, contracted 14.5% in April from the same month in 2008, according to official data released Thursday. Production of vehicles shrank 64.3% in April from…