On July 31, 2023, President Gustavo Petro signed a decree declaring free access to all undergraduate programs in public universities in Colombia. This Law 2307 will need to be regulated by the Ministry of Education within a maximum period of six months and will be implemented progressively, taking into account the annual budget availability. The […]
Colombia’s economy has shown promising signs of recovery as the country witnessed a significant improvement in its employment rate. According to the latest report by the National Administrative Department of Statistics (Dane), nearly 400,000 people secured employment in the past few months. This surge in job creation highlights the Colombian economy’s resilience and paves the […]
In the past two years, Swedish companies have shown a growing interest in Colombia as an investment destination. About 100 Swedish companies have established a presence in the country across various sectors ranging from fashion to vehicles. Notably, these companies have invested a total of $1.7 billion, approximately 10% of the foreign direct investment received […]
Colombia continues to attract the attention of significant global economic players. After countries such as Germany, England, and Spain expressed their interest in investing in the South American country, China, the Asian giant, now joins in with its commitment to the major infrastructure projects that Colombia needs to boost its productivity and competitiveness. In a [...]
Tourism, a critical industry for many economies worldwide, has experienced a significant resurgence in 2023, specifically in Colombia. Foreign tourism in the country has seen an impressive 47% spike in the first quarter of this year. This data, provided by the main Colombian authority in tourism, Anato (National Association of Travel Agencies), underscores the steady [...]
Spain Announces 1,000 Million Euros for Cooperation with Colombia On May 3, 2023, the only state visit Spain organized this year took place, during which Colombian President Gustavo Petro and his entourage, including Minister of Commerce Germán Umaña and Minister of Mines and Energy Irene Vélez, were received. The visit was described as "extraordinarily positive" [...]
Airbus, the airplane manufacturing company, has recently announced an agreement with the Colombian Government to develop "aeroparts" for aerial vehicles, with an approximate investment of US$329 million. The signing of the agreement will take place in Spain, with the presence of the Colombian President, Gustavo Petro. Germán Umaña, Minister of Industry and Commerce, stated that [...]
The Danish Ambassador in Colombia recently highlighted the great potential that the South American country has for the production of renewable energy in an interview with the newspaper La República. The Danish diplomat emphasized Colombia's ability to become a global power in the generation of clean energy, comparing it to Saudi Arabia in terms of [...]
The Colombian government, led by President Gustavo Petro, has recently announced plans to invest in the country's railway system to boost the economy and promote sustainable development. According to an article published in Valora Analitik, the government aims to allocate 3.5 trillion Colombian pesos (approximately USD 890 million) to modernize and expand the national railway [...]
