One of the phrases that President Petro has repeated on several occasions is that “in Colombia, the government is not the same as power.” Power is held by a small group of companies and corporations for several decades now. And that small group of people who concentrate power and wealth in Colombia have last names […]
In an unexpected decision that went unnoticed in Colombian media, the Chinese pharmaceutical company Sinovac changed its initial plans to establish a new plant in Latin America in the city of Antofagasta, Chile. In this article, we explore the reasons that led Sinovac to choose Colombia over Chile and analyze the implications this may have […]
2023 will not be remembered as a standout year for the economy, neither Colombian nor global. However, Colombia sees hope on the horizon. Despite pessimistic forecasts from political factions opposed to the reformist policies of the new government, the International Monetary Fund (IMF) has positively updated its estimates. It now predicts that the Colombian economy […]
The latest edition of the Common Finance Summit (FiCS) held in Cartagena, Colombia, from September 4th to 6th, provided a platform for global financial leaders to express their commitment and strategies for sustainable development in Latin America, with a special focus on Colombia. During the summit, Werner Hoyer, president of the European Investment Bank (EIB), […]
On Thursday, August 10, 2023, a historic moment was marked in the relations between Switzerland and Colombia. The President of the Swiss Confederation, Alain Berset, met with Colombian President Gustavo Petro, strengthening the close ties between the two nations and designating Colombia as a priority ally for Switzerland. A Relationship Focused on Peace, Humanitarian Aid, […]
A landmark trade mission is set to unfold as 20 Black entrepreneurs from metro Atlanta prepare to travel to Colombia next week. This initiative, announced on Tuesday, marks the first of its kind, focusing specifically on Afro-descendant business leaders and entrepreneurs. The selected individuals for the mission are members of the Atlanta Black Chambers and […]
It may seem like a conversation from the 20th century, but for several reasons, the development of railway networks in Colombia has always been quite limited. With only 3,000 km of railway built, of which only a quarter is functional and with very limited usage mainly as a tourist attraction for locals who have never […]
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 […]
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 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 […]
