Colombia faces economic turbulence as the Gross Domestic Product (GDP) takes a nosedive into negative territory during the third quarter of 2023.
Colombia’s Ecopetrol anticipates a boost in oil production for 2023 despite a sharp drop of near 47% in net profits. The energy giant is looking to diversify its alternative, low-emissions portfolio.
Colombia’s central bank, Banco de la República, is celebrating its centenary with an extensive cultural agenda and benefactor of many of the nation’s most prestigious cultural landmarks, museums and public libraries.
Step into Colombia’s rich maritime history with the Colombian Naval Battle Commemorative Coin—a tribute to the fearless seafarers who championed the nation’s independence.
Colombia’s Central Bank – Banco de la República – launches its centenary celebrations with the reopening of the old mint Casa de Moneda in Bogotá.
Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.
The Colombian peso continues to devaluate at a historic rate, setting off the alarm bells among investors that the economy is in peril of entering recession.
Colombia faces a major downturn in 2023 with GDP growth noted the International Monetary Fund, and deceleration to 2.2% from this year’s 7.6%.
As global demand for commodity exports surge, the Colombian peso hit a nine month high to the U.S dollar and part of a Latin America-wide currency rally.
Despite encouraging perspectives for economic growth in 2022, Colombia’s unemployment remains among the highest in the region, with women most affected.
Global risk management firm Moody’s maintained Colombia’s stable investment grade, months after Fitch and Standard and Poor’s degraded the country to junk status.
Colombia’s economic recovery for 2021 is close to the global average claims the World Bank despite growing income inequality and a vulnerable labor force.
Political uncertainty and cyber threats were leading concerns Colombia’s business leaders viewed as obstacles to growth in 2020. All this changed with coronavirus.
Ending years of uncertainty, a Chinese-Canadian consortium has won the contract to build Bogotá’s electric metro in the next seven years.
Colombia’s Avianca exposure to debt and concerns over its capacity to repay United for an alliance covenant has resulted in a credit downgrade by S&P.
The Bogota? Chamber of Commerce plays a key role in the growth and entrepreneurial spirit of the capital and region. Do your part by renewing this month your commercial registry, Registro Mercantil.