15Apr

Colombia Invites American Buyers to Explore Opportunities at the 100th Business Matchmaking Forum

Posted by Colombia
On Monday April 15th, 2024
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ProColombia, the promotion agency of the country, part of the Ministry of Trade, Industry, and Tourism, announces the 100th edition of its largest exports event, the Business Matchmaking Forum, which will take place in Colombia, at Cartagena’s Convention Center from April 22nd to 26th. As Colombia’s foremost international trade promotion activity, the Forum provides […]

20Mar

Colombia economic growth forecast at 1.8% in 2024

Posted by Colombia
On Wednesday March 20th, 2024
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Colombia’s economy is forecast to grow 1.8% in 2024, while inflation is expected to slow to 5%, paving the way for the central bank to cut its benchmark interest rate to some 8%, Finance Minister Ricardo Bonilla said on Thursday. GDP growth for 2023 is expected to have reached 1.2%, he added, lower than […]

20Feb

POLL-Colombia economy will have grown 1.1% in 2023, headed for 1.2% in 2024

Posted by Colombia
On Tuesday February 20th, 2024
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Colombia’s economy will have expanded 1.1% in 2023, hit by high interest rates and inflation pressures, and recovery this year and next will be slow, a Reuters survey showed on Thursday. The projections by 23 analysts for last year’s figure fluctuated between 0.8% and 1.4%. The modest expansion would compare with growth of […]

12Jan

Colombia economic growth forecast at 1.8% in 2024

Posted by Colombia
On Friday January 12th, 2024
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21Nov

Fostering bilateral business opportunities between India and Colombia

Posted by Colombia
On Tuesday November 21st, 2023
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India and Colombia can leverage multilateral cooperation and enhance investment through the Colombian Public-Private Partnerships (PPP) for infrastructure framework, an ambitious plan launched in 2015 as a 4 Generation Infrastructure Program – making Colombia the second country in all of Latin America with the most models of PPP after Chile. Cristhian Salamanca Garcia […]

12Oct

PETRO REVEALS STRATEGY TO CHANGE COLOMBIA’S SOCIO-ECONOMIC MODEL

Posted by Colombia
On Thursday October 12th, 2023
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National Development model sent to Congress for approval President Gustavo Petro revealed the proposals with which the government hopes to radically “change” Colombia’s socio-economic policies in the coming years. In the 150-page National Development Plan (PND), the administration outlined how it plans to implement the policies promised by the president ahead of his election last […]

20Sep

Colombia gets $70m from new global renewable integration fund.

Posted by Colombia
On Wednesday September 20th, 2023
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“Colombia will get the first pay-out of a $300m Climate Investment Funds pot for transmission lines, batteries, EV chargers and green hydrogen.” Colombia is set to be the first country to benefit from a new fund to help the roll-out of renewable energy across the world. The Climate Investment Funds (CIF) will lend […]

15Aug

Colombia: Record Growth

Posted by Colombia
On Tuesday August 15th, 2023
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Colombia’s economic rebound enters a transitional phase. MAY 02, 2023 Author: NIC WIRTZ Colombia’s strong economic turnaround coming out of the Covid-19 pandemic was fueled by a dual focus on energy sustainability and tourism, producing a 10.6% jump in GDP growth in 2021—the highest recorded growth since the government’s statistical authority started keeping records […]

06Jul

China’s Bet on Colombia, Seeking Its ‘Golden Age’ in Latin America

Posted by Colombia
On Thursday July 6th, 2023
0 Comments

In the last two decades, the People’s Republic of China (PRC) has played a fundamental role in the economies of Latin America. Between 2005 and 2017, China lent several countries in the region close to $136 billion. The amount exceeded what, for the same period, the World Bank, the Inter-American Development Bank, and the […]

15Jun

DESPITE THE BAD TIMING, STARTUPS GREW 19

Posted by Colombia
On Thursday June 15th, 2023
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Olga Patricia Rendón Marulanda Although they have difficulties getting investors, Bogota and Antioquia are the main ones responsible for the entrepreneurial spirit in the country. In Colombia, there are already 1,321 technology-based startups in 31 sectors, an increase of 19% compared to those that existed in February last year. This was revealed by […]

08May

PROCOLOMBIA: digital nomad visa makes long stays in colombia much easier

Posted by Colombia
On Monday May 8th, 2023
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Digital nomads or even nomadic families thinking about where to go for long summer vacations seek affordable housing and lower cost of living, strong and stable internet infrastructure, less crowded cities closer to nature, easy access to essential facilities such as hospitals, schools, summer camps, and markets, and effortless procedures for visas. Colombia checks all […]

18Apr

Colombia preparing tropical paradise for tourism after 500 years of chaos

Posted by Colombia
On Tuesday April 18th, 2023
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Government seeking sustainable tourism instead of illegal occupation by Adriaan Alsema January 31, 2023 Colombia’s government is trying to promote responsible tourism on the “Rosario Islands” national park after 500 years of colonial and illegal occupation. The country’s National Parks authority is carefully trying to promote sustainable tourism to the Caribbean archipelago’s 27 islands while […]

13Mar

Colombia economy grew 7.9% in 2022, ahead of reduced growth this year

Posted by Colombia
On Monday March 13th, 2023
0 Comments

Colombia’s economy will have grown significantly for the second consecutive year in 2022, but expansion will slow sharply this year on high-interest rates and persistent inflation. The GDP grew 7.9% last year, according to the median estimate from 19 analysts, falling from the 10.8% it reached in 2021 on recovery from the coronavirus pandemic. […]

16Feb

Petro reveals strategy to change Colombia’s socio-economic model

Posted by Colombia
On Thursday February 16th, 2023
0 Comments

National Development model sent to Congress for approval. Colombia’s government presented a $247.1 billion four-year development plan to the country’s lawmakers, laying out details of its projected social and economic investments with proposals to strengthen Colombia’s economy, combat poverty, improve public security, and combat the negative effects of climate change. National Development Plan (PND) […]

23Jan

Incentives to invest in Colombia

Posted by Colombia
On Monday January 23rd, 2023
0 Comments

Colombia has a favorable investment climate thanks to its economic growth and its ability to face external crises, along with legal security, stable macroeconomic indicators, a highly qualified workforce, and access to global markets. Colombia is a country that offers a favorable business environment with a stable legal framework. Furthermore, the national government has […]

15Nov

Free zone cartagena

Posted by Colombia
On Tuesday November 15th, 2022
0 Comments

On October 13, the Central Park Free Zone, located in Cartagena, commemorates its first 12 years of uninterrupted activities aimed at the economic and social development of the country and the Caribbean region and has established itself as the most modern free zone in the Caribbean with a modern infrastructure, state-of-the-art technology, and one with […]

19Oct

Parex Resources Company reports three oil discoveries in Colombia

Posted by Colombia
On Wednesday October 19th, 2022
0 Comments

In Colombia, oil reserves are only enough for approximately 7.6 years. For this reason, oil companies are working on the search for black gold. The most recent discovery was made by the Canadian company Parex Resources, which reported three discoveries in wells in Casanare and Arauca. One of these was in the Capachos block […]

14Sep

Gustavo Petro reaches one month in Colombia’s presidency seeking to implement key reforms for his administration

Posted by Colombia
On Wednesday September 14th, 2022
0 Comments

The President of Colombia, Gustavo Petro, celebrates his first month as president with the pursuit of a series of political and economic reforms, a shake-up in the military forces, as well as a favorable trend in the polls that give him the confidence to continue his way to his first 100 days. Changes in […]

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