Finance Colombia » 2020 » June

UPDATED: Spirit Air To Fly Humanitarian Flights From Colombia To US In July

The U.S. Embassy has announced that Spirit Airlines will operate three humanitarian flights on April 30, May 1 and May 3 from Colombia to the United States for US citizens and permanent residents that wish to return to the US during this period of closed airspace due to the...

Posted On June 20, 2020

, By Loren Moss

Bogotá’s Mayor Threatens To Shutter PriceSmart, Makro

Claudia Lopez, Bogotá's increasingly strident Mayor last week threatened to shutter retailers Makro & PriceSmart on a radio interview, saying the stores were not doing enough to fight the Coronavirus COVID-19 Pandemic

Posted On June 20, 2020

, By Loren Moss

72% Of All SIC Platform Complaints Against Airlines In Colombia Filed Against Avianca

Colombian air travel passengers have battled with airlines over fare refunds more than any other complaint during the Coronavirus COVID-19 Pandemic, according to the Superintendence of Commerce.

Posted On June 20, 2020

, By Loren Moss

Anti-Über Order Struck Down In Colombia By Superior Court of Bogotá

Yesterday, Bogotá's Superior Court struck down the administrative ruling by Colombia's Superintendence of Commerce that banned Über's operations from the Andean nation.

Posted On June 20, 2020

, By Loren Moss

Viva Air Begins Domestic Humanitarian Flights Between San Andrés Archipelago & Colombian Mainland

Last week, Viva Air began limited domestic humanitarian flights returning residents of the San Andrés Archipelago in the Caribbean Sea from other parts of mainland Colombia and also bringing home mainland Colombians who were stranded on the Islands. On the first flight, 150...

Posted On June 20, 2020

, By Loren Moss

Colombians Have Until July 6 To Apply For Scholarships & Admission To Texas MBA Programs

The master's degrees are in Spanish and are delivered virtually with a two-week component of face-to-face immersion in Texas in 2021.

Posted On June 20, 2020

, By Loren Moss

Colombia's meeting of the Superior Fiscal Policy Council of the Finance Ministry where suspension of the Fiscal Rule was approved. (photo: Minhacienda)

Colombian Government Suspends Fiscal Rule, Opening Door To Deeper Deficit Spending

On June 15 Colombia’s Fiscal Rule Consultative Committee accepted a proposal by Minhacienda, Colombia’s Finance Ministry, to suspend the application of Colombia’s Fiscal Rule that strictly limited deficit spending, for the years 2020 and 2021. While the government seeks to...

Posted On June 20, 2020

, By Loren Moss

Bogotá Expected To Continue In Good Financial Shape, Says Fitch

Bogota will maintain a strong operating performance and manageable debt levels in Fitch's view. The district is well positioned to overcome the current global and national adverse economic scenario, says the ratings agency

Posted On June 20, 2020

, By Loren Moss