U.S. Vice President Joe Biden will travel to Brazil, Colombia, and the Dominican Republic during the week of June 16, 2014. Biden will meet with leaders in each country to discuss the full range of bilateral, regional and global issues.
Colombian Movistar rider Nairo Quintana won the first Grand Tour of his career with victory in the Giro d'Italia. The 24-year-old finished two minutes 58 seconds ahead of compatriot Rigoberto Uran, 27, after the final stage from Gemona del Friuli to Trieste.
A sound policy framework and skilled economic management have supported the recovery of the Colombian economy over the past year, said the IMF in its regular assessment of Latin America’s fourth largest economy.
Mazda Motor Corporation has announced that operations began today at its newly-established national sales company in Colombia, MAZDA DE COLOMBIA S.A.S. (MCOL). Mazda established MCOL in order to strengthen its framework for the import and sale of Mazda vehicles and the provision of after-sales services.
Colombia will strengthen its newly-rediscovered grip on third rank among world coffee producers next season, lifting its harvest to a seven-year high, while heavy rains lower output in rival Indonesia. Colombian coffee production will hit 11.9m bags in 2014-15, the highest since 2007-08, as bushes mature that were planted a reseeding programme aimed at promoting varieties resistant to the rust fungus, the US Department of Agriculture's Bogota bureau said.
The U.S.-Colombia Free Trade Act has resulted in an agricultural export boom for Colombia and government officials have set a goal to double farm acreage by 2020.
Colombia's capital markets have attracted investment totaling $2.8 billion in the seven weeks since J.P. Morgan said it would raise the weighting of the nation's government bonds in two of its indexes, one of the bank's strategists said on Thursday.
Children who grow up along Colombia’s isolated and practically untouched Chocó region on the Pacific coast, where the jungle extends to the ocean, are used to glimpsing humpback whale mothers teach their babies
… Last year, Colombia's economy grew a healthy 4.3 percent, thanks to energy, agriculture and mining. But even more surprisingly, cities like Bogota, the capital, and Medellin have emerged as legitimate hubs for tech startups. In fact, the Wall Street Journal and Citibank named Medellin the world's most innovative city last year. The city, perhaps best known as the hometown of drug kingpin Pablo Escobar, beat out New York and Tel Aviv.
Move over, Asian tigers. It looks like the four so-called “Pacific Pumas” — Chile, Colombia, Mexico and Peru — have become the latest darlings of the investor crowd.
… Bogota has a charming historic center. In La Candelaria the streets are cobblestoned and buildings brightly colored, both from colonial tradition and from a growing street art scene.
South Korea's parliament on Tuesday ratified the country's free trade agreement (FTA) with Colombia Tuesday, over one year after the deal was signed.
The Colombian-American Chamber of Commerce in South Florida is organizing a business mission May 27-30 to encourage imports and exports with Medellin, Colombia's second-largest city and home to some 2.4 million people.
People with a certain degree of auditory dysfunction can now communicate without an interpreter thanks to software developed in Colombia that combines 44,000 words in Spanish with pictures, sound and videos.
Tropical and sultry, its candy-colored colonial houses draped with bougainvillea and its plazas buzzing with fruit vendors and flamboyantly costumed dancers, Cartagena carries a heady whiff of the exotic. Days move to a slower rhythm, while nights are electric with possibility. Horses pull carriages over cobblestone streets, and musicians amble across plazas. It’s worlds away from home.
Few cities have gone from bust to boom the way Bogota has.
… Chicago-based consulting firm A.T. Kearney is predicting the next generation of global cities, based on the speed with which they are catching up to world capitals. The "Emerging Cities Outlook," released Monday, analyzed 34 cities in low- and middle-income countries, measuring development in business activity, innovation and ability to attract people to live there. … Bogota is progressing rapidly toward leading cities in human capital because of improvements in security and stability, respect for the environment and health care, the report says.
Colombia's economy could grow around 5 percent in 2014, President Juan Manuel Santos said on Monday, more than the official government target of 4.7 percent and above last year's 4.3 percent expansion. "We're going quickly and I hope that if this pace keeps up, the growth figure this year will be around 5 percent," Santos told reporters while commenting on data published on Monday that showed a 2.8 percent pick-up in industrial production in February versus a year earlier and 6.7 percent rise in retail sales.
GeoPark Ltd. reported the successful drilling and testing of the Aruco 1 exploration well on the Llanos Block 34 in the central Llanos basin in Colombia.
Fitch Ratings expects stable growth for the Colombian telecommunications sector over the medium term, given the favorable macroeconomic environment and rising revenues from Internet data traffic. Fitch forecasts that mobile data revenues will continue to increase, representing about 25% of total revenues by 2017, driven by rising smartphone penetration and the rollout of the 4G long-term evolution (LTE) services.
Colombia's tax revenue in the first quarter of 2014 rose 19 percent from the same period last year to 27.35 trillion pesos ($14.24 billion), Finance Minister Mauricio Cardenas said on Tuesday, helped by higher rates of employment and consumption. The Andean nation's economy grew 4.3 percent in 2013, one of the fastest rates in Latin America.
… That vision has helped them reach a combined GDP of more than $2tn – or approximately 40 per cent of Latin America’s combined total – earning the Pacific Alliance a place among the world’s 10 largest economies.
The four pension funds that operate in Colombia will invest $12.7 billion in road infrastructure projects over the next seven years, the president of the Colombian pension funds association said on Wednesday.
The World Bank Board of Directors approved a US$200 million loan today to continue to support the Colombian Institute for Educational Credit and Technical Studies Abroad (ICETEX, in Spanish) and to finance access to higher education for close to 206,000 students from low income families, including native persons, Afro-Colombians and victims of violence.
In a bid to increase its competitiveness, which has been undermined by the rising value of the peso, Colombia has set aside $8 billion USD to overhaul its road infrastructure. Once completed, the infrastructure program is expected to add 0.7% to Colombia’s GDP, Finance Minister Mauricio Cardenas was quoted as saying in an Emerging Markets report.
Colombia will embark on a multi-billion dollar package of infrastructure investments next month in a bid to unleash an economic growth spurt, the country’s finance minister has told Emerging Markets. Mauricio Cardenas said that the first package of slightly more than $8bn in 12 roadway projects would be offered in April. Two other packages, one in the second half of this year and another in 2015, will include a similar number of projects and require similar investments.
Brazilian investment bank BTG Pactual is strengthening its presence in Latin America, paving the way for broader banking operations in Chile and Colombia. In the next few weeks, BTG Pactual will apply for a banking license in Colombia, where it already operates as a broker-dealer, said Mateus Carneiro, a partner at BTG Pactual responsible for integration in Latin America. It also expects approval from Chilean authorities to operate a local bank before the second half of the year, he said.
… While United States’ investors have been singing Colombia’s praises for several years, they’ve been primarily focused on two things: the country’s improved security situation and opportunities in energy and mining. But Colombia is also earning a reputation for sound economic policy – one that’s helped it weather global economic turbulence better than many of its neighbors.
Argentina, once the third-strongest economy in the western hemisphere, extended its decades-long decline by ceding the No. 3 spot among Latin American economies to Colombia later this year…
Sacyr expects to invest around $1.5 billion in road projects in Colombia, the CEO of the Spanish construction company, Manuel Manrique, said at the end of a visit to the South American country. Sacyr views Colombia as a country that offers opportunities and is a "key to its international growth process," Manrique said in a statement. "We see Colombia as a totally attractive country for foreign investment and strongly believe that our participation in the different infrastructure sectors will bring innovation, development and the best practices to the market," the Sacyr CEO said.