Economics

Colombiamoda 2015 as seen by a Spanish entrepreneur

Fashion is a very important industry for Colombia as it accounts for over 5% of the country’s exports. Every year Medellin, the (unofficial) fashion capital of Latin America, hosts a very important event called Colombiamoda. As a foreigner, this year I had the opportunity to experience this big fashion celebration from the inside.

New oil field discovered in Colombia

A new oil field has been discovered in central Colombia by one of Chile’s larger oil and gas companies.

Colombia Coffee Production Up 12%

Between August 2014 and July of this year production amounted to 12 million bags of 60 kilos, 12% more than in the period before harvest.

Almost half of Colombia’s countryside lives below poverty line

Almost half of Colombia’s rural population — 44.7% to be exact — lives below the poverty line, according to the country’s statistics agency DANE.

Colombia peso hits record low, dollar closing in on COP3000 mark

Colombia’s peso hit its lowest point of the century on Thursday morning with one US dollar worth 2,972 pesos, eight pesos more than the previous record set in 2003.


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