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On the Rise: Colombian Economy Grew by 2.8% in Second Quarter
The 2.8% figure is the best result in any second quarter since 2015 and up from the 2.5% growth seen in the same period during 2017.
Posted On August 15, 2018
Economy
Banking
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1.1 Million Colombians Joined the Formal Financial System in 2017
This figure represents an 11% uptick in the number of new entrants to the system compared to the 999,000 people who secured financial products for the first time in 2016.
Posted On August 5, 2018
Securities, Equities, M&A
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IDB Invest Issues Local Currency Bond in Colombian Pesos Equivalent to $50 Million USD
The bond aims to attract international finance to the region and "meet the growing demand of clients in local currencies," said IDB Invest.
Posted On August 3, 2018
Insurance & Risk
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London Insurance Broker UIB Establishes Colombian Retail Arm UIB Seguros
This builds on the company’s already-established reinsurance business in the country, UIB Colombia.
Posted On April 8, 2018
Real Estate
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Bienes y Servicios International Secures $2.75 Million USD Loan from U.S. Lender Kennedy Funding to Develop Housing in Sincelejo
The loan — which is the first issued by Kennedy Funding to close in Colombia — will be used to purchase 17,000 acres of vacant land in the Sucre capital.
Posted On August 16, 2018
Natural Resources
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Ecopetrol Appoints Jaime Caballero Uribe as Chief Financial Officer
Within this role, Caballero will be the compliance agent for financial reporting to the Colombian Finance Superintendency.
Posted On August 16, 2018
Government & Diplomacy
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Flooding Destroys More than a Dozen Homes, Forces Evacuation of Tens of Thousands in Mocoa
Rain and severe weather have led to the collapse of at least 14 houses, but no deaths, significant injuries, or missing people have been reported.
Posted On August 12, 2018
Startup & Growth
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Interview: Why Uruguayan App Developer UruIT Launched a New Office in Colombia
UruIT, a Uruguayan software and mobile app development company, entered the Colombian market a little more than two years ago. The firm’s first office was launched in...
Posted On August 6, 2018
Law & Justice
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Colombia and the U.S. Still Have No Double Taxation Treaty: How Does This Affect You?
In an effort to simplify how business is conducted (and taxes are assessed), many national governments enter into legal agreements designed to clarify the law and mitigate...
Posted On July 2, 2018
Sponsor
Trade, Commerce & Retail
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Amazon to Open 600-Employee Customer Service Center in Bogotá
The retail giant plans to hire 400 people by the end of October and reach 600 employees by the end of the year.
Posted On August 14, 2018
Transportation & Tourism
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Avianca Suspends Ticket Sales in Colombia After Canceling Dozens of Flights
Avianca say the problem involved the failure of a communications system with crew members who did not show up for scheduled flights.
Posted On August 2, 2018
Colombian Peso Exchange Rate
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