Colombia’s 2016 inflation rate at 5.75%, misses government target

Colombia’s 2016 inflation was set at 5.75% by the country’s national Central Bank, missing the government-set target for the year but still down from the inflation recorded in 2015.

Colombia announces Kirchner-Style price controls on food

The Colombian government has signed an agreement with five major food warehouses in the country to impose price controls that freeze the price of red meat, fish, dairy, eggs, grains, and processed foods

Colombia and Turkey hold burgeoning economic relationship

Turkey maintains economic interest on Colombia for a variety of reasons. Among them, its location. Trade between the two is constantly rising.

Colombia president welcomes Brexit trade prospect

Trade between Colombia and the UK has the potential to grow after Brexit, the country's president has suggested.

Colombia’s growth for this trimester the lowest in 7 years

The Colombian economy grew 2% for the 2nd trimester of 2016, numbers this low had not been seen for 7 years, however, there is no need for extreme measures.

Colombia peace deal won’t solve country’s key problem — an outdated economy

A recent study by the Inter-American Development Bank says 83 percent of Colombia’s exports are raw materials, and only 17 percent are manufactured goods.

Colombia imported a record amount of agricultural produce this year

The amount and value of agricultural imports in the month of April alone is over 70% higher than last year’s equivalent, it is the highest in 20 years.

Colombia wants Pacific Alliance to negotiate trade with post-Brexit UK

Colombia’s trade minister has proposed to Pacific Alliance members to jointly negotiate a free trade agreement with the United Kingdom, which last week voted to leave the European Union.

Colombia’s 2016 fiscal gap widens amid ongoing oil troubles

Colombia’s fiscal deficit for the 2016 will be wider 3.9% rather than the 3.6% of the country’s GDP announced last year, the country’s finance minister said Wednesday.

Macri attends economic forum in Colombia

Argentine president Mauricio Macri said Mercosur needs “a greater integration dynamics” and defended the idea that the Atlantic regional block country members work to reach agreements with countries of the Pacific Alliance.

Economic slump might cause bigger airlines to pounce on Avianca

Buyers interested in tapping on the LatAm travel market will be eyeing Avianca, as the strong US dollar might allow them to get in for cheap.

Bogotá Approves Sale Of ETB

City council authorizes mayor to sell city's 80 percent of company shares.

Goldman Sachs’ involvement in Colombia’s new highways

The investment banking firm is involved with at least one $260 million bond relating to the country’s infrastructural renewal.

Colombia one step closer to the OEDC

Colombia was accepted into the Corporate Governance Committee of the of the international economic organisation OECD, marking a step towards the full membership sought by the South American country.

Colombia and Panama to hold new talks on tax info sharing

Colombia and Panama will hold new negotiations on tax information-sharing this week to combat fraud and money laundering, Colombian Finance Minister Mauricio Cardenas said on Tuesday, amid revelations by the Panama Papers about secretive offshore finance.

Partners accuse Colombia of violating FTA guidelines

Despite being among the top 10 oil producers, their gasoline reserves are expected to last only two days if put to the test, Pemex are being put to blame.

Multinationals leave Colombia amid economic slowdown

Several multi-nationals have terminated operations in Colombia since 2015 amid an ongoing economic downturn in the South American country.

Ecopetrol Lost $1.2B In 2015

Colombia’s state-run oil company Ecopetrol lost $1.2 billion in 2015 mainly because of dropping global oil prices, the company said Monday.

No sales tax for Tourists in Colombia

Colombia will exempt tourists from paying sales tax as an incentive for people to get to know the country, the country’s president said on Wednesday.

Sura, Credicorp Create Investment Vehicle for Colombia’s 4G Highway Program

Sura Asset Management, a unit of Colombian financial conglomerate Grupo Sura, and Peru’s Credicorp Capital signed an agreement Tuesday to create a 1.3-trillion-peso ($400-million) investment vehicle that will provide financing for the construction this year of up to five fourth-generation highways in Colombia.

Colombia sells Isagen controlling stake to Brookfield for $2B

Colombia’s government sold its 57.6% stake in energy company Isagen to Canada’s Brookfield Asset Management for $1.99 billion, the finance minister said on Wednesday.

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