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Tag: Colombia Economy

RIO DE JANEIRO, BRAZIL - The Colombian state-owned oil company Ecopetrol set up a new company in Singapore to consolidate its position in the Asian market by attracting customers and destinations and strengthening commercial relations in that continent, the...
RIO DE JANEIRO, BRAZIL - Almost a month after the beginning of the national strike against the government of President Iván Duque, the impact continues to greatly affect the country's businesses and according to the National Federation of Traders...
RIO DE JANEIRO, BRAZIL - Colombia's gross domestic product (GDP) will grow between 1% and 5% in 2022, with 3% being the most likely figure, the central bank estimated on Monday, lowering its previous projections. The bank had earlier projected...
RIO DE JANEIRO, BRAZIL - ProColombia revealed that, of the 197 foreign investment projects facilitated during 2020 in Colombia, 63 came from North America, making that the region that led the number of initiatives and businesses, followed by Europe...
RIO DE JANEIRO, BRAZIL - Barranquilla-based softgel maker Procaps S.A.S. is in talks to go public on Nasdaq through a merger with U.S. blank-check company Union Acquisition Corp II in a deal which would value it at more than...
RIO DE JANEIRO, BRAZIL - Colombia’s plan to finance its fiscal needs this year with ever-swelling debt has sparked market concern and may herald the loss of the Andean country’s investment-grade credit rating, analysts and investors say. The Finance Ministry...
RIO DE JANEIRO, BRAZIL - Colombia’s majority state-owned energy company Ecopetrol could issue up to US$2.5 billion in shares to help finance its potential purchase of a majority stake in electricity and infrastructure conglomerate ISA, chief executive Felipe Bayon...
RIO DE JANEIRO, BRAZIL - Colombia’s central government deficit was 6% of gross domestic product (GDP) in the first nine months of 2020, more than five times the figure recorded in the same period of 2019, as spending increased...
RIO DE JANEIRO, BRAZIL - The announcement this week that Viviana Taboada and Mauricio Villamizar will join Colombia's central bank board generated not only confusion over the spelling of Taboada's first name, but predictions that interest rate cuts may be...

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