The Colombian government has made concessions to concerned business leaders over a controversial new wealth tax, stressing the tax is only temporary, business association ANDI said Wednesday.
Colombia’s exports to the European Union increased 10% after the first year of a provisional free trade agreement (EU-FTA), contrasting it with the decline in exports to the United States after Full Article »
Colombia’s economy depends heavily on mining, hydrocarbons, and ranching, producing little employment and benefiting few, the United Nations Industrial Development Organization reportedly said.
Colombia’s largest soda-production company will be entering the Colombian beer market with a Chilean company to challenge the SABMiller, the multinational which controls 98% of current beer sales, according to Bloomberg news.
Colombia’s finance minister on Thursday announced that the country is likely to not make its 2014 target of producing a million barrels of crude oil per day, putting even more Full Article »