Colombia’s courtship of foreign investment to finance its redevelopment after 50 years of civil war has begun to pay off as several European countries and organizations are committing funds to the effort.
Colombia has complied with a variety of labor reforms that were required by US Congress to allow a bilateral free trade pact, the South American country’s labor minister said in Washington.
Colombian power transmission company Interconexion Electrica SA ESP (ISA) fell almost 50% on fears that state-owned oil giant Ecopetrol might sell its $252 million stake in the company.
In the first six months of 2014, industrial production and sales rose in Colombia by 1.7% and 2.3%, respectively, buoyed by strong internal demand inside Latin America’s fastest growing economy.
Colombia is looking to natural gas and fracking as a means to increase its energy reserves and preserve the dominance of its hydrocarbon sector in the economy.
The IMF praised Colombia’s progressive tax overhaul, widely labeled as the “wealth tax,” as its representatives met with Finance Minister Mauricio Cardenas in Washington earlier this week.
The $7.5 billion price tag put on Bogota’s planned first metro line has spurred criticism as it is double the original expenditure and neither Colombia capital’s or national government know how exactly they plan to…
With oil accounting for more than 67% of total Colombian exports in 2013, falling market prices and production threaten the Colombian economy.
After declaring Panama a “tax haven” for its failure to sign an agreement on the exchange of tax information, finance ministers from both countries met in Washington this week to…