Colombia’s economic landscape is experiencing a significant upswing as it welcomes a surge in Foreign Direct Investment (FDI). According to recent reports from the Central Bank, June 2023 witnessed an exceptional inflow of FDI, reaching an impressive milestone in the country’s history. With an increase of $754 million compared to May 2023, the total FDI […]
In the world of finance, currency fluctuations can have a significant impact on a country’s economy. Over the past year, the Colombian Peso (COP) faced a major challenge when it surpassed the barrier of 5,100 pesos against the US dollar, causing concern in various sectors. However, in a surprising turn of events, the Colombian peso […]
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 […]
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 [...]
During his trip to the United States in April 2023, Colombian Minister of Economy, José Antonio Ocampo, held a series of meetings with rating agencies and international organizations in an effort to recover the country's investment grade. Recently, the minister expressed his optimism on María Jimena Duzán's podcast, highlighting very positive and promising results from [...]
