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Month

//December 2016
Libertex James Rodriguez Colombian jersey national team colombia
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James Rodríguez Becomes Pitchman for Trading Platform Libertex

The Colombian football superstar is now the face of the Cyprus-based financial markets trading platform Libertex.
Posted On December 31, 2016
, By Jared Wade
colombia inflation colombian peso
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Colombia Raises Monthly Minimum Wage by 7% for 2017

The new monthly minimum will be 820,857 pesos, or just over $272 USD.
Posted On December 30, 2016
, By Jared Wade
Banco de la Republica, the central bank of Colombia, in Bogotá.
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Colombia’s Central Bank Members Remain Divided on Inflation Risk

Dissenting central bank members "held that it would be prudent to keep the benchmark rates stable."
Posted On December 30, 2016
, By Jared Wade
wingo colombia cartagena bogota san andres panama city copa airlines copa holdings
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Colombian Aviation Authority Launches Investigations into Wingo, Viva Colombia, and ADA

The potential penalty for each airline could exceed $570,000 USD.
Posted On December 29, 2016
, By Jared Wade
bancolombia medellin
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Bancolombia’s 12 Wishes for 2017

Bancolombia believes that "Colombia is bottoming out" and 2017 will bring a "more favorable macroeconomic environment."
Posted On December 28, 2016
, By Jared Wade
Coal new colombia resources
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CCX Plans to Liquidate Remaining Assets in Colombia

The mining firm has decided that commercial production at its remaining sites is not viable.
Posted On December 28, 2016
, By Jared Wade
chapecoense
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Aviation Authority Confirms Chapecoense Plane Crash Caused by Aircraft Running Out of Fuel, Human Error

"No technical factor was part of the accident, everything involved human error," said Colonel Freddy Bonilla of Aerocivil.
Posted On December 27, 2016
, By Jared Wade
mauricio cardenas colombia finance minister tax reform ecopetrol
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Congress Approves Controversial Tax Reform to Shore Up Budget and Replace Depleted Oil Revenue

Finance Minister Mauricio Cardenas says the overhaul "is a difficult measure that will require a large sacrifice of all Colombians — but it is necessary."
Posted On December 25, 2016
, By Jared Wade
colombia free zone
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Exports Spike from Colombia’s Free-Trade Zones in 2016

Exports from free-trade zones from January through October in 2016 were 52.9% higher than the same period in 2015.
Posted On December 24, 2016
, By Jared Wade
novartis
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Price of Novartis Cancer Drug to Drop by 44% in Colombia After Government Ruling

400-milligram tablets will drop from $49.11 USD to $27.55 USD.
Posted On December 23, 2016
, By Jared Wade
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