Colombia's government and the FARC rebel group signed a revised peace accord Saturday after years of negotiations and a half a century of conflict. Colombian President Juan Manuel Santos announced the new deal in a TV address Saturday evening, saying it will build a "broader, deeper...
The double taxation agreement will support greater trade, investment and tax cooperation between the two countries. The governments of the United Kingdom and Colombia have today (Wednesday 2 November) signed a double taxation agreement (DTA). The agreement was signed by the Financial Secretary to the Treasury, Jane...
Peace is within Colombia’s grasp. Bringing an end to an armed conflict that has gripped the country for over 50 years and affected the lives of three generations, is more than just good news for Colombians. An enduring peace will form the solid ground for...
Despite the lackluster economic growth expected for Colombia in 2016, the homebuilding sector is one very bright spot, according to a new Fitch Ratings report. Its analysis, “Colombian Homebuilding: Cementing Growth,” says that the sector has grown 6.3% on average each quarter for the past five...
The term ‘emerging markets’ describes economies which are growing at a fast pace and working to make their economic progress more sustainable. From an investment perspective, the stock markets of these countries are more volatile than the mature markets of developed countries but offer higher...
The industrial recovery seems to have started in Colombia as retail sales grew above expectations and the negative effects on industrial production of Ecopetrol’s refinery are over. On the other hand, Brazilian economic activity contracted 0.8% MoM in August, reinforcing the view that GDP will...
2Q growth led by 8.7% expansion in construction sector Growth outpacing most other major Latin American economies Colombia’s economy expanded more than expected in the second quarter, as a boom in the construction industry prevented a deeper slowdown in the broader economy amid falling commodities prices. Gross domestic...
Colombia remains the growth leader among the biggest Latin American economies, while analysts foresee the current economic setback will be temporary, with no further consequences....
Colombian President Juan Manuel Santos has been introducing elements of another large stimulus program to curb a slowing economic growth and high unemployment. The so-called “PIPE-2″ program, or “Promotion Plan for Production and Employment,” follows the launch of the first PIPE program two years ago, and...
Colombia’s unemployment rate was 9.1% in 2014, the lowest annual average for 14 years, according to the Colombian statistics agency DANE. The unemployment figure for 2014 dropped some 0.5 percentage points from 2013, when an average unemployment rate of 9.6% was recorded, according to DANE. DANE released the annual bulletin on Thursday...
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