Economics

Colombia aims to boost economic growth to at least 4.5% in 2018

Colombia’s government hopes that “intelligent” austerity measures proposed for 2016 will curb an ongoing economic slowdown and push GDP growth to 4.5% in 2018.

Money laundering in Colombia: a lucrative $5B business

Criminals organizations make an annual profit of approximately $5 billion (14 trillion pesos) through money laundering, according to authorities.

Colombia’s economic growth to slow down more than anticipated: OECD

Colombia’s economic growth rate is expected to decline from previous projections as it reduces its reliance on commodity-based industries, according to the Organization for Economic Cooperation and Development (OECD).

Venezuela’s PDVSA says it will halt Colombia gas imports

Venezuelan state oil company PDVSA said on Thursday it would not renew a contract to import gas from neighboring Colombia and would instead tap local production to supply its gas-deficient western region.

Insider tips for a foreign entrepreneur in Colombia

Tens of thousands of US citizens visit Colombia each year for work and pleasure, residing primarily in the main tourist and business hubs of Cartagena, Medellin and Bogota.


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