Posts by Category: Economy»

Economy

Can Colombia afford to stop fracking faced with plummeting oil revenue?
Apr 14, 2015 Ξ 1 comment

Can Colombia afford to stop fracking faced with plummeting oil revenue?

posted by Alice Bradshaw-Smith

Colombia cannot afford to stop fracking, according to state-run oil company Ecopetrol, alarming environmentalists across the country.

Economy

Social media dominates internet usage in Colombia
Apr 14, 2015 Ξ Leave a comment

Social media dominates internet usage in Colombia

posted by Talor Gruenwald

Facebook, Twitter, Instagram, and other social networking sites continue to captivate the attention of Colombians, with some 63.8% of users accessing them last year, according to government statistics agency DANE.

Economy

Net foreign investment in Colombia drops 25% in Q1
Apr 14, 2015 Ξ 1 comment

Net foreign investment in Colombia drops 25% in Q1

posted by Adriaan Alsema

Net foreign investment in Colombia fell 25% in the first quarter from the same period a year earlier as funds injected into the oil and financial sectors dropped sharply, preliminary figures  Full Article »

Economy

Colombia housing prices up almost 10% in 2014
Apr 8, 2015 Ξ 1 comment

Colombia housing prices up almost 10% in 2014

posted by Talor Gruenwald

Housing prices in Colombia rose approximately 9.47% on average in 2014, according to the country’s statistics agency.

Economy

Ecopetrol to increase offshore exploration to combat plummeting profits
Apr 7, 2015 Ξ Leave a comment

Ecopetrol to increase offshore exploration to combat plummeting profits

posted by Talor Gruenwald

Colombia’s state-run oil company Ecopetrol said Tuesday that it would focus on developing new offshore oil wells to mitigate the damage caused by falling oil prices.

Economy

Eco sustainability in Colombia: Filtering the message down to the normal people
Apr 7, 2015 Ξ 2 comments

Eco sustainability in Colombia: Filtering the message down to the normal people

posted by Publicize

Anyone who has the pleasure of traveling Colombia extensively will be amazed by the biodiversity to be found within its borders. From the snow-capped Andean peaks in the coffee region,  Full Article »

Economy

Colombia finance minister foresees steep fall in oil revenue this year
Mar 19, 2015 Ξ Leave a comment

Colombia finance minister foresees steep fall in oil revenue this year

posted by Reuters

Colombia’s government expects $3.5 billion (9.5 trillion pesos) in oil revenue this year, down 60% from 2013 as the sharp drop in crude prices reduces the oil industry’s tax and royalty  Full Article »

Economy

Colombia oilfield move seen challenging Ecopetrol, Canada’s Pacific Rubiales
Mar 17, 2015 Ξ Leave a comment

Colombia oilfield move seen challenging Ecopetrol, Canada’s Pacific Rubiales

posted by Reuters

Ecopetrol’s decision to take back control of the Rubiales field will imply heavier investment for it to sustain output and now raises the pressure on Canada’s Pacific Rubiales to replace  Full Article »

Economy

Dollar nearly breaks through COP2700 mark; analysts predict steadily expensive dollar
Mar 17, 2015 Ξ Leave a comment

Dollar nearly breaks through COP2700 mark; analysts predict steadily expensive dollar

posted by Adriaan Alsema

The US dollar on Tuesday continued to rise against Colombia’s peso, nearly breaking through the COP2,700 mark it hadn’t reached since 2004.

Economy

22 arrested during ongoing Colombia truckers’ strike
Mar 16, 2015 Ξ Leave a comment

22 arrested during ongoing Colombia truckers’ strike

posted by Rush Dorsett

Since Colombian truckers began a national strike three weeks ago, 22 protesters have been arrested, the government said on Monday.

News in Colombia
Sign up for the free weekly email from Colombia Reports.