As Colombia’s economy slows down and inflation picks up, the country’s middle class professionals have seen a 3-6% salary drop. CEOs and company directors, however, received 11% more money over the…
Foreign investment in Colombia fell by 21% this year on par with a regional trend, according to a report.
Colombia ranks fourth in the world for having the highest tax rates for businesses, according to the World Economic Forum’s Global Competitiveness Report.
Colombia’s Congress has approved a 215.9 trillion peso ($74.2 billion) budget for 2016, an increase of 2.5% but including a cut to investment that the finance minister characterized as belt-tightening.
Colombia is considering a possible euro bond sale next year as the government seeks to cover the remaining $1.5 billion of its 2016 funding needs, the country’s public credit head said on…
Colombia’s coffee production is predicted to fall 18% for the second half of the year amid water shortages caused by the “El Niño” weather phenomenon.
Colombia’s sugar companies have been ordered $113 million in fines for conspiring to block imports of the product from Bolivia, Guatemala, El Salvador and Costa Rica.
At a time when oil prices have dropped globally, oil producer Colombia is importing crude oil for the first time in two years to take advantage of low foreign oil prices.
Due to a weak peso and falling oil revenue, Colombia’s external debt has grown to more than one third of the country’s entire Gross Domestic Product.