Latest News

Colombia’s tourism sector faces security challenges amid ANATO’s 44th edition

By Richard Emblin - February 27, 2025

Colombia’s ANATO tourism fair opens amid security concerns and President Petro’s no show during the opening cereomony. Industry leaders emphasized tourism’s economic importance, while Bogotá, Barranquilla and Santa Marta showcase growth, sustainability, and international partnerships to boost the country’s global standing.

Aguardiente Amarillo: A legendary Colombian spirit takes on “Goliath” and wins

By Richard Emblin - February 5, 2025

Colombia’s iconic Aguardiente Amarillo will now be available nationwide after a historic ruling by the Constitutional Court, allowing the spirit to reach new markets beyond its coffee region origins, boosting the country’s rich liquor heritage.

Colombian Peso faces volatility as U.S. Election outcome looms over markets

By The City Paper Staff - November 5, 2024

The Colombian peso is experiencing significant volatility as the U.S. presidential election unfolds, with the dollar climbing to 4,420 COP, reflecting heightened market uncertainty. In October, the peso dropped by 0.26%, outpacing declines in other Latin American currencies.

Colombia and Costa Rica seal Biodiversity Pact as COP16 enters final week

By The City Paper Staff - October 28, 2024

At COP16 in Cali, Colombia and Costa Rica announced a landmark fund to protect the Chocó Biogeographic Region, a vital biodiversity corridor spanning Central and South America.

Colombia’s business sector gloomy of economic outlook under Petro

By Richard Emblin - September 30, 2024

Over 60% of Colombian business owners are contemplating relocating abroad due to economic instability under President Gustavo Petro, a Fenalco survey reveals. High interest rates, rising inflation, and security concerns have worsened the business climate, with leaders urging clearer economic policies for recovery.

Bogotá leads Colombia’s Startup funding with 97% of capital raised by mid-2024

By The City Paper Staff - September 17, 2024

Bogotá has solidified its position as the leading hub for startup investment in Colombia, capturing the largest portion of direct foreign capital by mid-2024, according to the latest report from Invest in Bogotá.

Colombian Court halts Uchuva-2 gas well raising concerns over energy security

By The City Paper Staff - September 16, 2024

A Colombian court has ordered the suspension of operations at the Uchuva-2 offshore natural gas well in the Caribbean. The Uchuva-2, part of the Tayrona block, is critical for Colombia’s energy security.

Global uncertainty is affecting the emerging markets.

Foreign Direct Investment in Colombia plunges 28% in the first half of 2024

By The City Paper Staff - September 4, 2024

Colombia’s foreign direct investment fell by 28% to USD 6.7 billion in the first half of 2024. The decline reflects growing economic and security challenges, including recent attacks on energy infrastructure. The data was released by the Central Bank.

Colombia impacted by nationwide transport strike over diesel price hike

By The City Paper Staff - September 3, 2024

A nationwide transport strike in Colombia has paralyzed key routes and stranded travelers, following the government’s sudden diesel price hike. Major disruptions hit Bogotá and four departments, with blockades and protests escalating. Transport Minister María Constanza García called for emergency talks amid rising concerns over food distribution and mobility.

Colombia’s Jet Fuel shortage leads to widespread flight cancellations

By The City Paper Staff - August 26, 2024

Colombia faces widespread flight cancellations as a jet fuel shortage, triggered by a refinery failure, impacts major airports across the country. Ecopetrol announced addtional A1 supplies will be delivered to aiports nationwide.

Colombia’s Ecopetrol profits dive during first half of 2024

By The City Paper Staff - August 14, 2024

Ecopetrol’s profits fell by 24% in the first half of 2024 due to lower oil prices and unfavorable exchange rates, marking the third consecutive quarter of declining earnings. The company is exploring strategic options amid domestic and global challenges, including potential natural gas imports from Venezuela.

President Gustavo Petro in San Andrés on the day of the kidnapping of 79 Colombian policemen. Photo: Presidencia

U.S. Investment Climate Report highlights challenges to Colombia’s Economy

By The City Paper Staff - July 18, 2024

The U.S. Department of State’s 2024 Investment Climate report highlights rising uncertainty for investors in Colombia under President Gustavo Petro, with economic growth slowing to 0.6% in 2023 due to decreased investment and high-interest rates.

Colombian Peso weakens against U.S Dollar with fiscal uncertainty

By The City Paper Staff - June 14, 2024

The Colombian peso depreciates sharply against the dollar, hitting a high of $4,150 amid market uncertainty and upcoming fiscal policy announcements by the Petro government.

Petro’s halt to Israel coal exports will hurt Colombia investments

By The City Paper Staff - June 11, 2024

Colombia’s suspension of coal exports to Israel with the Gaza conflict sparks industry concern and could strain U.S investor confidence in the South American nation.

Travelers pass through Bogotá's El Dorado airport.

Colombians are emigrating in record numbers, some 1,200 every day

By Richard Emblin - June 4, 2024

The numbers of Colombians who are leaving the country to never return has reached historiic levels, with some 1,200 every day according to the country’s migration entity.

BFW celebrates 35 years of iconic elegance: Olga Piedrahita

By Richard Emblin - May 21, 2024

Renowned designer Olga Piedrahita celebrates 35 years at the helm of Colombia’s fashion industry, marking her legacy with elegance and innovation. The Medellín-born designer will receive a lifetime recognition at the inauguration of Bogotá Fashion Week.