Colombia’s finance minister lowered his country’s economic growth projection on Monday and admitted he had been overly optimistic about last year’s economic growth.The government’s 2020 budget prepared by Finance Minister Alberto Carrasquilla at the end of last year...
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...
Colombia’s Constitutional Court has been asked to sink President Ivan Duque‘s plans to send the military to war-torn areas eyed by multinationals. With the support of the Ombudsman’s Office, human rights groups challenged the so-called Strategic Areas for Integrated Intervention...
Colombian pays more for wine than most Latin Americans. The price shoots up as soon as a case reaches shore. Each time a shipment arrives, importers must submit at least eight forms to as many agencies. Officials can take...
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,...
Cali continúa sufriendo un delicado desabastecimiento de víveres por culpa de los bloqueos que ha instaurado el grupo criminal denominado “primera línea”. Muchos supermercados siguen sin leche, café, carnes frías, productos de aseo, etc. A pesar de la orden del...
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...
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...
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...
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...

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