February 14, 2013- Colombia in Focus Newsletters -
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February 14, 2013- News Clips - Gov. Deval Patrick Plans Mission to Colombia 

Gov. Deval Patrick will lead a coalition of business leaders and officials on a mission to Colombia to promote job creation in the state. Colombia has a thriving innovation, life sciences and clean energy economy, Patrick said, and the mission will help create collaboration that will spur job creation in Massachusetts.

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February 12, 2013- News Clips - The Holiday Inn Brand Expands in Colombia

IHG (InterContinental Hotels Group), one of the world’s leading global hotel companies, today announced signings of two new Holiday Inn® hotels in Colombia. The new properties – to be located in the northeast region’s cities of Bucaramanga and Cucuta – will bring IHG’s hotel pipeline in Colombia to 5 hotels.

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Gran Tierra Energy Inc. (GTE, GTE.T) reported positive initial drilling results at its Bretana Norte exploration well in Peru and is in the process of completing its Moqueta-8 well as a production well in Colombia.

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February 11, 2013- News Clips - Colombia Approves Road Reconstruction Funds

The Colombian government will spend more than $83 million on road reconstruction to fix routes that were damaged during the winter. Carlos Ivan Marquez, Colombia's director of the National Risk Management Agency told local media that the government plans to invest $83.8 million in heavy machinery for repairing damaged roads.

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A man works on the last details of a decoration for carnival in Barranquilla, Colombia, 08 February 2013. The city's bicentenary and its status as American Capital of Culture for 2013 are the two main subjects for the carnival that starts this weekend.

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On January 24, Judge Ruth Diaz Rueda became the first woman to preside over the Supreme Court of Justice (CSJ) of Colombia. She was chosen unanimously by the 23 members of the Court. For the first time in 180 years, a woman will lead the fate of the Supreme Court of Justice.

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Colombian oil output should average around 1.1 million barrels per day (bpd) in 2013, the energy minister told a conference on Thursday, rising about 16.5 percent from 2012.

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The U.S., the world’s largest oil consumer, will continue to import crude from Colombia and Venezuela, according to the International Energy Agency. A mismatch in the U.S. refining system creates a preference for heavy crude grades from nearby countries, Antoine Halff, head of IEA’s markets division, said during a conference in Cartagena today.

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Routes Americas 2013, which will take place in Cartagena, Colombia from 10-12 February, will see the strongest airline list ever assembled at the event.

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Colombian president Juan Manuel Santos on Wednesday promised to revive the country's coffee industry after farmers have claimed that they are falling victim to climate problems and upside down price conditions. "We are working hand in hand to bring the coffee growing [industry] and thus the country, forward," said Santos.

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Colombia expects "good news' from credit rating agencies after the first quarter of the year, a senior finance ministry official said on Wednesday. 

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Latin America’s oldest film festival, the International Film Festival of Cartagena, is set to begin on February 21, combining original stories and documentaries from across the world. The 53-year-old festival is not only a magnet for tourism, but also a proving ground for directors and producers as 19 prestigious awards are up for grabs.

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Colombia produced 877,000 bags of coffee in January, up 64 percent from a year earlier, President Juan Manuel Santos said today in a speech to coffee growers in Caldas province.

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February 5, 2013- News Clips - South Korea Cabinet Approves Colombia FTA

South Korea's cabinet approves the free trade agreement (FTA) with Colombia, bringing both countries one step closer to the implementation of the agreement, local media reported Tuesday. The two countries will formally sign the agreement on February 21, after which the FTA will be submitted to both parliaments for legislative approval.

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February 5, 2013- News Clips - Millicom, EPM eye telecoms merger in Colombia

Emerging markets telecoms group Millicom International Cellular SA aims to boost its position in the fast growing market of South American country Colombia by merging its business with that of a regional operator, it said on Tuesday. 

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Columbia’s textile and clothing industry is eyeing on expanding its export market to the 27 countries of the European Union (EU) and the country is also aiming at building new business relations with these countries. The president of the Institute for Export and Fashion (Inexmoda) of Columbia, Mr. Carlos Eduardo Botera said the objective of Colombian textile and apparel industry in 2013 is to strengthen the trade relation between Colombo and the EU.

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Prudent economic policy management and a strong policy framework have supported Colombia’s remarkable economic performance in recent years and its resilience to adverse shocks, said the IMF in its regular assessment of Latin America’s fourth largest economy.

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The northern Colombian city of Barranquilla is set to erupt on February 9 when one of Colombia's largest and most important celebrations, the 200th Carnaval de Barranquilla, begins. The UNESCO recognized four-day festival is traditionally held four days before Ash Wednesday.

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Officials from Costa Rica and Colombia on Monday began a fourth round of free-trade negotiations that are expected to address the most sensitive issues of market access, officials said. “We enter the final stage of a negotiation that seeks to achieve a balance between our offensive and defensive interests,” Costa Rican Foreign Trade Minister Anabel González said in San José, where talks are taking place.

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Colombia’s National Infrastructure Agency (ANI) said it will launch a road-concession process next week aimed at awarding an estimated 4 trillion pesos ($2.25 billion) worth of contracts for the construction of 550 kilometers (340 miles) of roads. ANI director Luis Fernando Andrade said in a press conference Friday that the process is part of the larger “4th Generation (4G) of Road Concessions in Colombia” project, which is the largest in the nation’s history and aimed at auctioning off 30 road concessions worth an estimated 40 trillion pesos ($22.5 billion).

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Officials from Costa Rica and Colombia on Monday began a fourth round of free-trade negotiations that are expected to address the most sensitive issues of market access, officials said. “We enter the final stage of a negotiation that seeks to achieve a balance between our offensive and defensive interests,” Costa Rican Foreign Trade Minister Anabel González said in San José, where talks are taking place.

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Colombia said it produced an average of 1.01 million barrels of oil per day in January, marking the first time that average crude output for a month surpassed the one million-barrel mark that the government had set as a target for the country's oil industry.

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Colombia's economic growth will edge up to 4.4 percent in 2013, with inflation remaining within the central bank's official target range, the International Monetary Fund said on Monday.

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Anadarko Petroleum's Colombia unit will begin acquiring 2D and 3D seismic data at deepwater offshore blocks it operates in Colombia with an eye to begin a drilling program with partner Ecopetrol in 2014. Anadarko has six offshore blocks totaling 8 million gross acres.

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The northern Colombian city of Barranquilla is set to erupt on February 9 when one of Colombia's largest and most important celebrations, the 200th Carnaval de Barranquilla, begins. The UNESCO recognized four-day festival is traditionally held four days before Ash Wednesday.

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New Colombia Resources Inc announced its plans of a Public Private Partnership with the Agencia Nacional de Infraestructura of Colombia to build a railroad that will move its high quality metallurgical coal from central Colombia to export terminals on the northern coast. The Company is in talks with consultants to develop a pre feasibility study to submit to the ANI.

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February 1, 2013- News Clips - Investors Ditch Brazil For Mexico, Colombia

American retail investors buying up mutual funds and exchange traded funds from their Ameriprise Financial advisors and their home broker accounts pumped money into emerging market equity funds for the 11th straight week in a row, according to fund tracking firm EPFR Global in Cambridge, Mass.

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The Louvre, arguably the most important art museum in the world, has decided to lend parts of its ceramic collection to Colombia’s National Museum in the capital Bogota. Colombia’s National Museum, which this year celebrates its 190th birthday, said a full collection of ancient Greek ceramic will arrive in July this year from the Louvre museum in Paris, France.

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January 31, 2013- News Clips - Colombia govt invests $28M in higher education

A Colombia development agency on Wednesday approved more than $28 million for higher education projects in central Colombia. Findeter, a financial development agency linked to the Colombian ministry of finance, will invest the money to improve the quality of education in the central Colombian department of Caldas, according to a statement issued by the ministry.

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