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Business

Colombia congress committees approve 2015 budget after tough campaign by Finance Minister
Sep 25, 2014 Ξ Comments are off

Colombia congress committees approve 2015 budget after tough campaign by Finance Minister

posted by Samuel Moldovan

When Colombia’s congressional economic committee approved the 2015 budget on Wednesday, Finance Minister Mauricio Cardenas probably sighed relief after an intense and complicated campaign to see the proposal pass.  The $108  Full Article »

Business

Colombia’s Ecopetrol to process fracking licenses
Sep 25, 2014 Ξ Comments

Colombia’s Ecopetrol to process fracking licenses

posted by Joel Gillin

The president of Colombia’s state-owned Ecopetrol has announced the oil firm will process licenses for the use of fracking technology, saying that the company has a great interest in using the  Full Article »

Business

Colombia’s oil and mining sectors big winners of FARC peace deal: Govt
Sep 24, 2014 Ξ Comments are off

Colombia’s oil and mining sectors big winners of FARC peace deal: Govt

posted by Samuel Moldovan

A peace deal with Colombia’s major rebel group, the FARC, would add 1-2% to the country’s GDP, according to the government.

Business

NYSE listing consolidates international push by Colombian banking
Sep 24, 2014 Ξ Comments are off

NYSE listing consolidates international push by Colombian banking

posted by Samuel Moldovan

Colombian bank Grupo Aval Acciones y Valores, the largest by assets in all of Spanish speaking Latin America, this week became the country’s 12th company to list on the NYSE.

Business

Colombia peso falls hard amid emerging-market currency declines
Sep 22, 2014 Ξ Comments are off

Colombia peso falls hard amid emerging-market currency declines

posted by Samuel Moldovan

The Colombian peso continued its decline on Monday, hitting the 2,000 peso-to-dollar mark for the first time since March 20, depreciating 3.6% over the past month.

Business

Colombia cracks down on informal labor in growing tourism sector
Sep 22, 2014 Ξ Comments are off

Colombia cracks down on informal labor in growing tourism sector

posted by Samuel Moldovan

With the number of foreign visitors heading to Colombia growing every year, the country’s trade ministry is cracking down on informal businesses offering tourism-related services.

Business

Colombia Reports launches real estate section
Sep 22, 2014 Ξ Comments are off

Colombia Reports launches real estate section

posted by Adriaan Alsema

Colombia Reports is announcing the launch of the beta version of its Real Estate section, with which we try to help foreign visitors and residents to find the housing they are looking  Full Article »

Business

Colombian international trade rises to highest levels since 2008
Sep 18, 2014 Ξ Comments

Colombian international trade rises to highest levels since 2008

posted by Samuel Moldovan

Colombia’s trade with the world has been growing at record levels but continues to show a deficit, according to government statistics agency DANE.

Business

Biden puts pressure on Colombia over biotech drug legislation
Sep 17, 2014 Ξ Comments

Biden puts pressure on Colombia over biotech drug legislation

posted by Gabrielle Mentjox

US Vice-President Joe Biden raised concerns over Colombia’s commitment to its free trade agreement with the US in a letter sent to President Juan Manuel Santos last week, according to  Full Article »

Business

Colombia GDP grows 4.28% in Q2, led by construction
Sep 17, 2014 Ξ Comments are off

Colombia GDP grows 4.28% in Q2, led by construction

posted by Samuel Moldovan

Colombia’s economy grew 4.28% in the second quarter, buoyed by strong performance in the construction sector, according to Colombian statistics agency DANE.

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