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Month

//December 2017
colombia inflation rate peso 50 mil banco de la republica central bank Colombian peso Colombia peso Colombia inflation Colombia minimum wage colombian peso
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Colombia Raises Minimum Wage by 5.9% in 2018 to 781,242 Pesos per Month

President Santos said the goal of the negotiation is “to maintain the income of workers but also to avoid a negative effect" for those who earn the minimum.
Posted On December 31, 2017
, By Jared Wade
medical marijuana cannabis khiron life sciences pharmacielo new colombia resources (Credit: eujava / Pixabay)
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Khiron Life Sciences Corp. to Begin Medicinal Marijuana Cultivation in Colombia After Receiving Quota Allocation

Khiron will grow cannabis strains chosen to target “patients identified as having unmet medical needs" within Colombia and Latin America.
Posted On December 31, 2017
, By Jared Wade
An Airbus A320neo operated by Avianca. (Credit: Avianca)
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Avianca Puts Two New Airbus A320neo Aircraft into Service

The NEO, or "new engine option," aspect of the aircraft reduces fuel costs and carbon dioxide emissions.
Posted On December 30, 2017
, By Jared Wade
banco de bogota banco de bogotá bancolombia colombia
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Banco de Bogotá Opens New ‘Premium’ Service Location in Bucaramanga

Carolina Parra of Banco de Bogotá said that the Bucaramanga location represents a “reliable, exclusive, and modern service” for high-end clients.
Posted On December 30, 2017
, By Jared Wade
cartagena colombia tourism ministry of commerce
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Colombia Welcomes Record Number of Foreign Tourists in First 11 Months of 2017

With nearly 5.8 million foreign visitors from January through November, the country boasted growth of 27.7% compared to 2016.
Posted On December 30, 2017
, By Jared Wade
Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)
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Avianca Grants Backpay to Pilots Retroactively to April 2017 as Mandated by Arbitration Ruling

The backpay and extended benefits apply retroactively to all Avianca pilots — not only the roughly 700 members of the ACDAC union.
Posted On December 30, 2017
, By Jared Wade
Photo courtesy jarp - pixabay
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PharmaCielo Begins Planting Medicinal Marijuana in Rionegro, Colombia

"We look forward to increasing our future cultivation footprint and quota as we ramp up production to meet global demand,” said Patricio Stocker of PharmaCielo Ltd.
Posted On December 29, 2017
, By Jared Wade
Jorge Castaño Gutiérrez, the top financial regulator in Colombia, has named Jeannette Santacruz de la Rosa as the new legal director of the Financial Superintendence of Colombia. (Credit: Superfinanciera)
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Jeannette Santacruz de la Rosa Named Legal Director of Superfinanciera

Santacruz de la Rosa has worked for the Bogotá-based public agency for more than 25 years.
Posted On December 29, 2017
, By Jared Wade
P.A. Concesion Ruta Al Mar Colombia (Credit: P.A. Concesion Ruta Al Mar)
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Fitch Ratings Assigns BBB- Rating to P.A. Concesion Ruta Al Mar’s 522 Billion Colombian Peso Notes

Fitch Ratings recently rated P.A. Concesion Ruta Al Mar’s 522 billion Colombian peso senior secured notes due in 2044 at BBB- with a stable outlook.
Posted On December 28, 2017
, By Jared Wade
colombia murder rate homicide rate firearm gun weapon colombia homicide murder crime death killing violence
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Colombia’s Homicide Rate Falls to Another Historic Low in 2017

Colombia is expected to register "a little more than 11,000 homicides" in 2017 — below the 11,532 homicides officially recorded in 2016.
Posted On December 28, 2017
, By Jared Wade
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