Colombia only has enough oil reserves for 8 more years: Finance Ministry
Colombia’s rapid rate of oil production led to an extremely lucrative 2012, but the country’s oil reserves can reportedly only sustain this pace for eight more years. In 2012,…
Colombia’s rapid rate of oil production led to an extremely lucrative 2012, but the country’s oil reserves can reportedly only sustain this pace for eight more years. In 2012,…
Colombian textile, fabric and clothing company Fabricato reported COP2.606 billion ($1.46 million) in profits for the first three months of 2011, Portafolio reported Monday. The financial report, handed to the…
Colombian airline Easyfly is in the black, posting profits of $388,000 in 2010 after just three years of operation, magazine Dinero reported Wednesday. President of the Colombian airline Alfonso Avila…
Cementos Argos S.A., Colombia’s largest cement company, posted a consolidated net profit of COP288.8 billion ($156 million) in 2010, a 37.7% increase in peso terms from a year earlier. The…
Colombian Defense Minister Gabriel Silva announced that “more than fifteen” countries are now buying weapons from Colombia. Speaking at the launch of a new state-of-the-art assault rifle, retired Colonel Carlos…
Speaking at the Cartagena World Economic Forum, the CEO of beer brewer SABMiller announced that Colombia is now the company’s most profitable beer market worldwide, the Wall Street Journal reported Wednesday. The…
Colombia’s financial institutions posted a combined net profit of COP262 billion ($138 million) in January, down 29% from the same month in 2009, as lending rose marginally and the value…
Colombia’s financial sector made profits of over COP8.5 trillion in 2009, according to a report released Monday by Colombia’s banking regulator. The profits for 2009 represent a COP2 trillion increase…