Colombian President Ivan Duque will announce the new minimum wage in the coming days, Semana magazine explains. According to the publication, Duque will announce 'by decree the increase of the minimum wage for 2021 next week. For 2019 and 2020...
Colombia, the world’s top producer of washed arabica, hopes to maintain its current coffee production and export levels next year amid good international prices, the head of its coffee growers federation said on Tuesday. The Andean country is set to...
Thirteen analysts predicted median consumer prices increases of 1.70% this year, down from the 1.80% expected in last month’s survey and far from the central bank’s long-term target rate of 3%. The moderation in expectations is due to changes in...
On November 21 is an IVA tax free day in Colombia when you can save the 19 percent IVA tax. We provide a guide to IVA tax free days in Colombia. One of the downsides of living in Medellín or Colombia...
Colombia’s national economic statistics agency (Departamento Administrativo Nacional Estadistica, DANE) announced November 17 that third quarter (3Q) gross domestic product (“PIB” in Spanish initials) rebounded by 8.7% over second quarter (2Q) 2020. While the sharp increase in GDP in the...
According to civil aviation authority Aerocivil, it has been able to reestablish some flights to European cities like London, Madrid and Istanbul since the Health Ministry lifted a ban on international air travel in mid-September. Flights to Newark, Orlando and...
The number of coronavirus cases in Italy rose past 9,100 on Monday, prompting Prime Minister Giuseppe Conte to put the entire country on lockdown. Over the weekend, the government quarantined the northern region of Lombardy and 14 neighboring provinces. On Monday,...
Colcap, the main stock market indicator of the local market, fell more than 10% at one point in the day, so all trades were suspended for 30 minutes. The last time the BVC (Bolsa de Valores de Colombia in spanish)...
Private investment funds operating in Colombia have around $5 billion available to invest in projects in the Andean country, the investors’ guild president said Thursday. Private investment funds have managed around $16.8 billion in mainly infrastructure projects and real estate...
The company has been operating in Colombia since 2008 servicing a range of Colombia-based data centre infrastructure products and services from a local partner’s data centre. HostDime broke ground last week on its latest data centre facility in Bogotá. The...

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