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Business

Colombia invests $1.5 million in tourism
Aug 22, 2014 Ξ Comments are off

Colombia invests $1.5 million in tourism

posted by Samuel Moldovan

Colombia’s government will invest almost $1.5 million to partner with airlines and private companies in order to increase tourism in the country, which already jumped 7.34% in 2013.

Business

Colombia telecom market shaken up by major merger, investment
Aug 21, 2014 Ξ Comments are off

Colombia telecom market shaken up by major merger, investment

posted by Christoffer Frendesen

Telecom companies Tigo and Une announced a merger on Tuesday, and Avantel reported that it is investing $250 million to join the 4G club.

Business

Banks gear up to pressure Colombia’s govt to end ‘always changing’ tax reform
Aug 21, 2014 Ξ Comments are off

Banks gear up to pressure Colombia’s govt to end ‘always changing’ tax reform

posted by Samuel Moldovan

Colombia’s banks will press the government to stabilize the country’s tax reform program, urging Colombian President Juan Manuel Santos  to stop “changing the rules every 24 hours.”

Business

Oil exploration bottlenecks put Colombia’s fiscal stability on the line: Industry leader
Aug 21, 2014 Ξ Comments are off

Oil exploration bottlenecks put Colombia’s fiscal stability on the line: Industry leader

posted by Samuel Moldovan

The new President of the Colombian Petroleum Association warned on Thursday that Colombia’s fiscal stability will be jeopardized if oil exploration bottlenecks aren’t solved and the country runs out of  Full Article »

Business

Imports of gasoline, lubricants, other oil products lift Colombia’s 2014 trade deficit
Aug 21, 2014 Ξ Comments are off

Imports of gasoline, lubricants, other oil products lift Colombia’s 2014 trade deficit

posted by Samuel Moldovan

Demand in Colombia for gasoline, lubricants and other oil products has spurred a trade deficit for country for the better part of 2014.

Business

Colombia Central banker sees 5% drop in foreign investment for 2014
Aug 20, 2014 Ξ Comments are off

Colombia Central banker sees 5% drop in foreign investment for 2014

posted by Samuel Moldovan

The general manager of the Central Bank of Colombia stated on Tuesday that he expects foreign investment to fall 5% by the end of 2014, faulting continued guerilla attacks on the country’s energy  Full Article »

Business

Colombia’s peso gains after rumors from Central Banker over rate increase
Aug 19, 2014 Ξ Comments are off

Colombia’s peso gains after rumors from Central Banker over rate increase

posted by Samuel Moldovan

The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates  Full Article »

Business

Colombia’s Isagen plans new energy projects: CEO
Aug 19, 2014 Ξ Comments are off

Colombia’s Isagen plans new energy projects: CEO

posted by Christoffer Frendesen

The CEO of Colombia’s hydropower producer Isagen SA announced that the company is planning new wind and geothermal projects, according to international media.

Business

Surging Peso hurts Colombia’s farmer exports: Wall Street Journal
Aug 14, 2014 Ξ Comments are off

Surging Peso hurts Colombia’s farmer exports: Wall Street Journal

posted by Christoffer Frendesen

Colombia’s currency increasing value against the dollar makes it harder for local farmers to compete in foreign markets, reported Wall Street Journal.

Business

Colombia’s oil, mining boom is over: Central Bank official
Aug 14, 2014 Ξ Comments are off

Colombia’s oil, mining boom is over: Central Bank official

posted by Christoffer Frendesen

Colombia’s oil and mining boom is over according to a senior official at Colombia’s Central Bank, quoted by business newswire Bloomberg on Thursday.