President Santos admits that his government has run out of money

President Santos said Colombia does not have enough resources to finance The Colombian Federation of Education Workers' demands.

Colombia urges a pension reform

The current fiscal gap calls for an urgent reform in the pension funds system.

Colombians’ debt with banks increases

Despite good feelings towards economic future, Colombians still carry big debts with banks.

Bogotá International Book Fair: The state of the publishing industry

On April 25, Bogotá will have its International Book Fair. We spoke with the Executive President of the Colombian Chamber of Books about it.

Colombia wants to unite scientific research and businesses

The “Spin-off” project, which seeks to transfer knowledge from Colombian schools to businesses, could have a big push in 2017.

Colombia’s Avianca caught in battle between shareholders

Stock of Colombia’s national airline Avianca has sold off by more than 25% this year

Colombia, Central America and the needle trade

As of last year, Colombian investment abroad was valued at some US$50 billion

Bancolombia named one of the five most sustainable banks in the world

This recognition is an achievement that has a great significance for everyone, not only for our organization but also for Colombia

Central Bank Reduces Interest Rate

Colombia’s Banco de la República agreed to cut the nation’s benchmark interest rate by 25 basis points to 7.0%.

Sale of Bogota energy company boosts Colombia FDI

Foreign direct investment (FDI) in Colombia increased 15.8% in 2016

Colombia is ready for arbitration battle with Gas Natural Fenosa

We’ve been preparing for this legal claim for eight months

New Terminal Opened in Colombia

International Container Terminal Services (ICTSI) and PSA International (PSA) have formally opened Puerto Aguadulce

With rebels gone, Colombia jumps into the pot industry

A Canadian company called PharmaCielo, with the government’s approval, is working to produce the drug legally in Colombia and is looking to hire.

Colombia’s Ecopetrol to increase exploration

investment in exploration will rise from $280 million to $650 million

The Carnival of Barranquilla and its Contribution to Economy.

The Carnival of Barranquilla just started, designated by Unesco as an Intangible Cultural Heritage of Humanity, providing the region with COP56.000 million (USD 19 million) of income

Colombia’s OTT tax reform may lead the way internationally

Ari Lopez, principal Latin American analyst at Ovum, the reform of Colombia’s tax regulation at the end of 2016 may affect the OTT industry worldwide.

Panama seeks trade sanctions against Colombia at WTO

Panama wants to impose $210 million of annual trade sanctions on Colombia, according to a filing published by the World Trade Organization on Monday, after winning a legal challenge against a so-called "money laundering" tariff.

Antioquia eyes Colombia cash flow

A couple of hours’ north-east of Medellin, Antioquia Gold (TSXV: AGD) has quietly worked away at its Cisneros gold project in Antioquia, Colombia, and is building an underground mine that aims to produce 30,000-40,000 ounces a year of gold from late 2017.

Avianca says to negotiate alliance with United Airlines

Avianca Holdings SA, one of Latin America's biggest airlines, said late on Tuesday it is seeking a commercial alliance with United Continental Holdings Inc, under terms still to be negotiated.

Colombia’s external debt at 40% of GDP

Colombia’s foreign debt reached $116 billion in October, equivalent to 40% of the country’s GDP, according to a report published Wednesday by the country’s state-run central bank.

More than 200 foreign companies have arrived in Colombia

In the last 5 years, approximately 200 foreign companies began their operations in the country, building new plants, business offices, and subsidiaries.

Colombia’s 2016 inflation rate at 5.75%, misses government target

Colombia’s 2016 inflation was set at 5.75% by the country’s national Central Bank, missing the government-set target for the year but still down from the inflation recorded in 2015.

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