Economy - Colombia news | Colombia Reports

Cartagena looks to become 'global mega-port' by 2017

h.mead@colombiareports.com (Hannah Mead) — Mon, 22 Apr 2013 21:13:30 GMT

Colombia's Caribbean city of Cartagena is undergoing massive infrastructure and technology developments in a bid to become one of the top 30 global mega-ports by 2017.

Colombian imports increase in first 2 months of 2013: DANE

h.mead@colombiareports.com (Hannah Mead) — Fri, 19 Apr 2013 23:00:00 GMT

New figures from Colombia's government statistics agency, DANE, show a 9% increase in imports during the first two months of 2013 as compared to the same period last year.

Santos announces new economic stimulus plan

h.mead@colombiareports.com (Hannah Mead) — Tue, 16 Apr 2013 21:30:00 GMT

Colombia's President Juan Manuel Santos introduces extensive measures as part of a $2.7 billion stimulus plan to spur economic growth and ease gains in the peso.

Colombia deserves OECD membership: US Rep

h.mead@colombiareports.com (Hannah Mead) — Fri, 12 Apr 2013 22:30:00 GMT

United States Rep. Ed Royce (R-Calif.) writes to the White House to express his support for Colombia's entry to the Organization for Economic Co-operation and Development (OECD).

Colombian exports stall in February

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Thu, 11 Apr 2013 15:51:26 GMT

Foreign exports from Colombia falls 6.6% in February in comparison to the same period in 2012, due to choked sales abroad in fuel and mining sectors.

Telefonica to sell shares of Colombia telecoms holdings

p.crooks@colombiareports.com (Parker Crooks) — Wed, 10 Apr 2013 23:00:00 GMT

Spanish telecommunications operator Telefonica plans to sell off its Colombia stakes to finance its debt, reports the Financial Times.

Pacific Rubiales reports record production

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Wed, 10 Apr 2013 14:42:01 GMT

The largest foreign oil company in Colombia, Pacific Rubiales, reports record oil and gas production in the first quarter of 2013.

Colombia’s March oil production exceeds 1M barrels

h.mead@colombiareports.com (Hannah Mead) — Mon, 08 Apr 2013 17:17:53 GMT

Colombia's oil production in March exceeds 1 million barrels in spite of continuing rebel attacks against energy infrastructure.

Financial sector resists adopting central bank rates

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Fri, 05 Apr 2013 13:59:42 GMT

Colombia's financial sector resists lowering mortgage rates in accordance with the central bank interest rate cut to 3.25%, the bank's most recent cut in March.

Coal transportation suspended in Santa Marta

h.mead@colombiareports.com (Hannah Mead) — Thu, 04 Apr 2013 20:29:06 GMT

Coal transportation is suspended around the northern, coastal city of Santa Marta, due to dust emissions affecting the community.

Colombia lifts debt limit by $10B

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Thu, 04 Apr 2013 16:05:20 GMT

Colombia approves increasing its foreign debt by $10 billion after congress members shared strong cross-party support for the proposed economic measure.

Virgin Mobile launches in Colombia

j.crisp@colombiareports.com (Johnny Crisp) — Wed, 03 Apr 2013 21:32:07 GMT

Virgin Mobile is set to challenge Latin American giant America Movil after entering the Colombian mobile phone market.

Cheaper transport needed to save Colombia's automotive industry

toni_pet_wat@hotmail.com (Toni Peters) — Wed, 03 Apr 2013 18:14:16 GMT

The high price of terrestrial freight transport is making Colombia’s automotive industry less competitive say industry experts.

Avianca passenger demand soars

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Tue, 02 Apr 2013 15:19:38 GMT

Colombia's premier airline, Avianca, records a 9.7% jump in passenger demand over the first two months of 2013.

Ecopetrol strikes oil in the heart of Colombia

b.bundy@colombiareports.com (Benjy Hansen-Bundy) — Tue, 02 Apr 2013 11:16:19 GMT

Colombia's state-owned oil company finds its second oil well in 2013, with initial testing promising 630 barrels of crude oil per day.

'Surprise' interest rate cut could be the last: Finance minister

j.ogorman@colombiareports.com (Joey O'Gorman) — Mon, 01 Apr 2013 15:24:53 GMT

Colombia's half-point interest rate reduction in March may be the last, says finance minister Mauricio Cardenas

'Surprise' interest rate cut could be the last: Cardenas

j.ogorman@colombiareports.com (Joey O'Gorman) — Mon, 01 Apr 2013 15:24:53 GMT

Colombia's half-point interest rate reduction in March may be the last, says Colombia's finance minister.

Colombia bond yields drop after ‘surprise’ interest cut

j.ogorman@colombiareports.com (Joey O'Gorman) — Wed, 27 Mar 2013 19:45:48 GMT

Colombia's bond yields fell after the country's central bank lowered borrowing costs by a "surprising" half a percentage point.

Central America's coffee crisis good news for Colombia: ICO

j.ogorman@colombiareports.com (Joey O'Gorman) — Wed, 27 Mar 2013 14:14:36 GMT

A fungus devastating Central America's coffee crop should have a positive effect on beleaguered Colombian coffee prices by the end of 2013, according to the International Coffee Organization (ICO).

Colombia’s central bank makes bigger-than-expected cut

a.alsema@colombiareports.com (Reuters) — Sun, 24 Mar 2013 14:16:08 GMT

Colombia’s central bank cuts its benchmark lending rate by a larger-than-expected half a percentage point, its fifth straight reduction, taking advantage of benign inflation to stimulate the sluggish economy.

Bogota ranks 8th in best city to do business index

p.crooks@colombiareports.com (Parker Crooks) — Fri, 22 Mar 2013 18:43:26 GMT

One of Latin America's top business magazines ranks Colombia's capital city of Bogota as the 8th best city in Latin American for doing business in 2012.

Colombia economy grew 4% in 2012: DANE

b.bundy@colombiareports.com (Benjy Hansen-Bundy) — Thu, 21 Mar 2013 18:34:44 GMT

The Colombian GDP grew 4% in 2012, down from 6.6% in 2011, according to the government's statistics agency.

Only 20% of coffee consumed in Colombia home grown: DANE

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Thu, 21 Mar 2013 05:00:00 GMT

Despite being the world's fourth largest coffee producing country, 80% of the coffee consumed within Colombia was imported in 2012.

Colombia increasingly attractive to Indian business

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Wed, 20 Mar 2013 05:00:00 GMT

India's ambassador to Colombia says that, after Brazil, Colombia is the most preferred Latin American country to do business with, reflecting the growing economic relationship between the two countries.

Colombia's economic performance praised by regional neighbors

w.tomaselli@colombiareports.com (Wesley Tomaselli) — Mon, 18 Mar 2013 17:50:13 GMT

Colombia's handling of the global financial crisis is praised by regional neighbors at the annual Inter-American Development Bank (IADB) forum in Panama City.