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Privacy Policy

PRIVACY POLICY

Last updated May 14, 2025

This privacy notice for Unido Digital Media LLC (doing business as Empleo Bilingue, Finance Colombia, Cognitive Business News, Finance Americas, and other properties) (“we,” “us,” or “our“), describes how and why we might collect, store, use, and/or share (“process“) your information when you use our services (“Services“), such as when you:

  • Visit any website of ours that links to this privacy notice
  • Engage with us in other related ways, including any sales, marketing, or events

Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our policies and practices, please do not use our Services. If you still have any questions or concerns, please contact us at [email protected].

SUMMARY OF KEY POINTS

What personal information do we process? When you visit, use, or navigate our services, we may process personal information depending on how you interact with our websites and the services, the choices you make, and the products and features you use.

Do we process any sensitive personal information? We do not process sensitive personal information beyond what may normally be included on a resumé or social media profile.

Do we receive any information from third parties? Generally, no. But if you are a potential purchaser of our services or our products, we may utilize business-to-business data enrichment platforms, for example to prepare for scheduled sales meetings to learn about your company or organization. These may include platforms such as LinkedIn, ZoomInfo, web searches, etc.

How do we process your information? We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so.

In what situations and with which types of parties do we share personal information? We may share information in specific situations and with specific categories of third parties.

How do we keep your information safe? We have organizational and technical processes and procedures in place to protect your personal information. However, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information.

What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information.

How do you exercise your rights? The easiest way to exercise your rights is by visiting one of our several contact forms, such as the contact form on this website, via social media, such as LinkedIn, https://www.linkedin.com/company/unido-digital/ or by contacting us. There are telephony links for Whatsapp on our websites. We will consider and act upon any request in accordance with applicable data protection laws.

 

  1. WHAT INFORMATION DO WE COLLECT?

Personal information you disclose to us.

In Short: We collect personal information that you provide to us.

We collect personal information that you voluntarily provide to us when you register on the Services, express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.

Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following:

  • names
  • phone numbers
  • email addresses
  • mailing addresses
  • job titles
  • usernames
  • passwords
  • contact preferences
  • contact or authentication data

Sensitive Information. We do not process sensitive information.

Payment Data. We may collect data necessary to process your payment if you make purchases, such as your payment instrument number, and the security code associated with your payment instrument. All payment data is stored by Stripe and PayPal. You may find their privacy notice link(s) here: https://stripe.com/privacy and https://www.paypal.com/us/legalhub/privacy-full.

Social Media Login Data. We may provide you with the option to register with us using your existing social media account details, like your Facebook, Twitter, or other social media account.

All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information.

Information automatically collected

In Short: Some information — such as your Internet Protocol (IP) address and/or browser and device characteristics — is collected automatically when you visit our Services.

We automatically collect certain information when you visit, use, or navigate the Services. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our Services, and other technical information. This information is primarily needed to maintain the security and operation of our Services, and for our internal analytics and reporting purposes.

 

Like many businesses, we also collect information through cookies and similar technologies.

The information we collect includes:

  • Log and Usage Data. Log and usage data is service-related, diagnostic, usage, and performance information our servers automatically collect when you access or use our Services and which we record in log files. Depending on how you interact with us, this log data may include your IP address, device information, browser type, and settings and information about your activity in the Services(such as the date/time stamps associated with your usage, pages and files viewed, searches, and other actions you take such as which features you use), device event information (such as system activity, error reports (sometimes called “crash dumps”), and hardware settings).
  • Device Data. We collect device data such as information about your computer, phone, tablet, or other device you use to access the Services. Depending on the device used, this device data may include information such as your IP address (or proxy server), device and application identification numbers, location, browser type, hardware model, Internet service provider and/or mobile carrier, operating system, and system configuration information.
  • Location Data. We collect location data such as information about your device’s location, which can be either precise or imprecise. The information we collect depends on the type and settings of the device you use to access the Services. You can opt out of allowing us to collect this information either by refusing access to the information or by disabling your Location setting on your device. However, if you choose to opt out, you may not be able to use certain aspects of the Services.
  1. HOW DO WE PROCESS YOUR INFORMATION?

In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.

We process your personal information for a variety of reasons, depending on how you interact with our Services, including:

  • To create, manage and authenticate accounts: We may process your information so you can create and log in to your account, as well as keep your account in working order.
  • To deliver and facilitate delivery of services to the user. We may process your information to provide you with the requested service.
  • To respond to user inquiries and offer support to users. We may process your information to respond to your inquiries and solve any potential issues you might have with the requested service.
  • To send administrative information to you. We may process your information to send you details about our products and services, changes to our terms and policies, and other similar information.
  • To request feedback. We may process your information when necessary to request feedback and to contact you about your use of our Services.
  • To protect our Services. We may process your information as part of our efforts to keep our Services safe and secure, including fraud monitoring and prevention.
  • To evaluate and improve our Services, products, marketing, and your experience. We may process your information in order to identify usage trends, determine the effectiveness of our promotional campaigns, and to evaluate and improve our Services, products, marketing, and your experience.
  • To identify usage trends. We may process information about how you use our Services to better understand how they are being used so we can improve them.
  • To comply with our legal obligations. We may process your information to comply with our legal obligations, respond to legal requests, and exercise, establish, or defend our legal rights.
  1. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?

In Short: We may share information in specific situations described in this section and/or with the following categories of third parties.

Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents who perform services for us or on our behalf and require access to such information to do that work. We have contracts in place with our third parties, which are designed to help safeguard your personal information. This means that they cannot do anything with your personal information unless we have instructed them to do it. They will also not share your personal information with any organization apart from us. They also commit to protect the data they hold on our behalf and to retain it for the period we instruct. The categories of third parties we may share personal information with are as follows:

  • Payment Processors
  • User Account Registration & Authentication Services

We also may need to share your personal information in the following situations:

  • Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
  • We may share your information with our affiliates, in which case we will require those affiliates to honor this privacy notice. Affiliates include our parent company and any subsidiaries, joint venture partners, or other companies that we control or that are under common control with us.
  • Business Partners. We may share your information with our business partners to offer you certain products, services, or promotions.

 

  1. WHAT IS OUR STANCE ON THIRD-PARTY WEBSITES?

In Short: We are not responsible for the safety of any information that you share with third parties that we may link to or who advertise on our Services, but are not affiliated with, our Services.

The Services may link to third-party websites, online services, or mobile applications and/or contain advertisements from third parties that are not affiliated with us and which may link to other websites, services, or applications. Accordingly, we do not make any guarantee regarding any such third parties, and we will not be liable for any loss or damage caused by the use of such third-party websites, services, or applications. The inclusion of a link to a third-party website, service, or application does not imply an endorsement by us. We cannot guarantee the safety and privacy of data you provide to any third parties. Any data collected by third parties is not covered by this privacy notice. We are not responsible for the content or privacy and security practices and policies of any third parties, including other websites, services, or applications that may be linked to or from the Services. You should review the policies of such third parties and contact them directly to respond to your questions.

  1. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?

In Short: We may use cookies and other tracking technologies to collect and store your information.

We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information. Specific information about how we use such technologies and how you can refuse certain cookies is set out in our Cookie Notice.

  1. HOW DO WE HANDLE YOUR SOCIAL LOGINS?

In Short: If you choose to register or log in to our Services using a social media account, we may have access to certain information about you.

Our Services offer you the ability to register and log in using your third-party social media account details (like your Facebook or Twitter logins). Where you choose to do this, we will receive certain profile information about you from your social media provider. The profile information we receive may vary depending on the social media provider concerned, but will often include your name, email address, friends list, and profile picture, as well as other information you choose to make public on such a social media platform.

We will use the information we receive only for the purposes that are described in this privacy notice or that are otherwise made clear to you on the relevant Services. Please note that we do not control, and are not responsible for, other uses of your personal information by your third-party social media provider. We recommend that you review their privacy notice to understand how they collect, use, and share your personal information, and how you can set your privacy preferences on their sites and apps.

  1. HOW LONG DO WE KEEP YOUR INFORMATION?

In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). No purpose in this notice will require us keeping your personal information for longer than the period of time in which users have an account with us.

When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.

  1. HOW DO WE KEEP YOUR INFORMATION SAFE?

In Short: We aim to protect your personal information through a system of organizational and technical security measures.

 

We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Services is at your own risk. You should only access the Services within a secure environment.

  1. DO WE COLLECT INFORMATION FROM MINORS?

In Short: We do not knowingly collect data from or market to children under 18 years of age.

We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at [email protected].

  1. WHAT ARE YOUR PRIVACY RIGHTS?

In Short: You may review, change, or terminate your account at any time.

We have no presence in Europe, so if you are in Europe or anywhere else in the world, understand that you are using our website under the terms, conditions, laws, and jurisdiction of the United States.

Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time.

However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.

Opting out of marketing and promotional communications: You can unsubscribe from our marketing and promotional communications at any time by clicking on the unsubscribe link in the emails that we send, or by contacting us. You will then be removed from the marketing lists. However, we may still communicate with you — for example, to send you service-related messages that are necessary for the administration and use of your account, to respond to service requests, or for other non-marketing purposes.

Account Information

If you would at any time like to review or change the information in your account or terminate your account, you can log in to your account settings and update your user account.

Upon your request to terminate your account, we will deactivate or delete your account and information from our active databases. However, we may retain some information in our files to prevent fraud, troubleshoot problems, assist with any investigations, enforce our legal terms and/or comply with applicable legal requirements.

Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our Services.

If you have questions or comments about your privacy rights, you may email us at [email protected].

  1. CONTROLS FOR DO-NOT-TRACK FEATURES

Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track (“DNT”) feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice.

  1. DO WE MAKE UPDATES TO THIS NOTICE?

In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.

We may update this privacy notice from time to time. The updated version will be indicated by an updated “Revised” date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.

  1. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?

https://www.linkedin.com/company/unido-digital/

  1. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?

You have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please visit the contact form on this website, use the Whatsapp icon, or via LinkedIn: https://www.linkedin.com/company/unido-digital/

 

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, By Loren Moss
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Proyecto Vida Silvestre Releases 20 Critically Endangered Orinoco Crocodiles Into Tuparro National Park

20 Orinoco Crocodiles (Crocodylus Intermedius) were reintroduced into their natural habitat this month, in the Tuparro National Park, the same environment that received 21 crocodiles in May of last year. Orinoco Crocodiles (Caimán Llanero in Spanish) are a critically endangered...
Posted On February 19, 2016
, By Loren Moss
From left: André Almeída, Unisys commercial industry leader; Antonio José Pérez, Director of services and IT infrastructure for EPM, and Juan Villegas, Unisys client executive for Central Latin America, South, and Andes. Photo courtesy of Unisys.
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EPM Wins Global Award for IT Excellence

Empresas Publicas de Medellin (EPM), the municipally owned multinational utility company based in Medellín, Antioquia was announced the winner of the Lighthouse Innovation Awards 2015 prize, for setting itself apart as a visionary and leader in applying modern technologies to...
Posted On February 19, 2016
, By Loren Moss
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Breaking News: Ecopetrol to Delist From The Toronto Stock Exchange

Ecopetrol’s  (BVC:ECOPETROL NYSE:EC TSX:ECP) board of directors has decided to delist the Ecopetrol ADRs (Depositary Receipts) from the Toronto Stock Exchange, pursuant to section 720 of the TSX Companies’ Manual. The decision was based, according to a statement put out this...
Posted On February 17, 2016
, By Loren Moss
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Software Developer Rainbow Tree, Conceived in Chicago, Chooses Medellin’s Ruta-N As Home Base

Rainbow Tree is a software company dedicated to providing early childhood education software that engages young learners, and can be utilized in a scholastic or home environment. Conceived in the US, Rainbow Tree’s founders decided to stake their claim in Medellin’s Ruta-N; a...
Posted On February 16, 2016
, By Loren Moss
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Sheraton Hotel, Habitel, Groove Studios Found Guilty, Fined For Blocking Mobile Phone Signals Of Visitors

Colombia’s Agencia Nacional del Espectro (National Spectrum Agency) and MINTIC (Ministry of Information and Communication Technology) have imposed fines on three hotels operating in Bogotá for unlawfully using electronic devices to jam mobile phone signals within their premises...
Posted On February 16, 2016
, By Loren Moss
Photo of Chubb’s Sunbury Cross, UK offices copyright David Howard and licensed for reuse under this Creative Commons License.
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After ACE & Chubb Insurance Merger, Moodys Rates Colombian Subsidiary A3 Global / Aaa.co National

Moody’s Investors Service has affirmed the insurance financial strengths (IFS) ratings of Chubb de Colombia Compañía de Seguros S.A. after the completion of the ACE and Chubb merger by Switzerland-based Chubb Limited (NYSE: CB, formerly named ACE Limited). The merger...
Posted On February 16, 2016
, By Loren Moss
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Bogotá Design Festival Returns March 1-5

Various locations throughout the north side of Bogotá will host events that together make up the second annual Bogotá Design Festival, to take place from March 1-5.  The free event seeks to connect citizens and visitors of Colombia with design and innovation, also to contribute...
Posted On February 15, 2016
, By Loren Moss
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Ecopetrol Wins Third Accenture Innovation Award For Its EcoDiDesh Crude Oil Dehydration Technology

Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP) has won, for the third time, the Accenture Innovation Prize for its EcoDiDesh technology for removing moisture from heavy crude oil products in a more efficient manner than traditional methods. Launched in 2012, this award represents...
Posted On February 15, 2016
, By Loren Moss
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Inter-American Development Bank Offering Grants in Latin America & Caribbean To Promote ‘Regional Public Goods’

The Inter-American Development Bank (IDB) launched the 2016 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for...
Posted On February 15, 2016
, By Loren Moss
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Presidents Obama, Santos Mark 15 Years of Bilateral Plan Colombia; Discuss Peace Process, Combating Crime, Zika Virus

Last week, Colombian President Juan Manuel Santos visited US President Barack Obama in the White House to discuss ongoing issues, and commemorate 15 years of US diplomatic, military, and social aid to Colombia via the package known as Plan Colombia. Colombia and Chile are the...
Posted On February 15, 2016
, By Loren Moss
Valentine's day is an important date for Colombian exports (graphic courtesy ProColombia)
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2016 Sees Records Broken For Valentine’s Day Flower Shipments From Colombia To US, Europe, Asia

2016 marked another record year for bilateral trade between Colombia and the US in the area of flower exports. Over half a billion flowers were shipped to North America from Colombia for the Valentine’s day holiday, last Sunday. According to ProColombia, Colombia’s export...
Posted On February 15, 2016
, By Loren Moss
EIG Global Energy Partners’ CEO and Harbour Energy’s co-chairman R. Blair Thomas
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Harbour / EIG continues pursuing Pacific Exploration & Production, Reduces Tender Offer For Debt To 16% Of Face Value

While initially offering $175 per $1,000 face value of delinquent Pacific Exploration & Production (TSX: PRE) (BVC: PREC) notes due between 2019 and 2015, Harbour Energy subsidiary EIG Pacific Holdings has revised downward its offer to $160 per $1,000 face value, and amended...
Posted On February 11, 2016
, By Loren Moss
Corferias hosts many events such as ExpoVino 2015 pictured here (photo credit: Loren Moss)
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ProColombia Hosting Macrorrueda 60: International Business Matchmaking Forum At Corferias In March

Macrorrueda 60, the Colombian Business Matchmaking Forum, sponsored by ProColombia will take place March 17-18, 2016 at the Corferias conference center in Bogotá. The event aims to introduce 2,000 Colombian suppliers with more than 1000 international buyers. During this 2-day...
Posted On February 11, 2016
, By Loren Moss
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Pacific Exploration Gets Another Extension On Liquidity Deadline To February 26, Still In Arrears

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the Toronto based petroleum company’s lenders have agreed to extend the liquidity deadline to 11:59 pm EST on February 26, 2016, which is the end of the existing waiver period. The waivers...
Posted On February 5, 2016
, By Loren Moss
The Techniamsa Waste Incenerator in Mosquera, outside of Bogotá is a Findeter financed project. (photo courtesy of Findeter)
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Colombia’s State-Backed Development Banks In Good Shape, Says Fitch

Fitch Ratings last week published a peer review of four state-owned financial institutions in Colombia: Banco Agrario de Colombia S.A. (Banagrario), Banco de Comercio Exterior de Colombia S.A. (Bancoldex), Financiera de Desarrollo Nacional S.A. (FDN) and Financiera de Desarrollo...
Posted On February 3, 2016
, By Loren Moss
Bruno Freire is the CEO of Rio de Janeiro based Austral Resseguradora
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Brasil’s Austral Resseguradora Expands Into Colombia & Ecuador

Five year old Brazilian reinsurance company Austral Resseguradora has received authorization to operate in Colombia and Ecuador, the Rio de Janeiro firm has announced. The firm is a subsidiary of Austral Participações S.A. Aside from operations in Brasil, Colombia and Ecuador,...
Posted On February 3, 2016
, By Loren Moss
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Fundación Cardiovascular de Colombia Does Sale-Leaseback Of Bucaramanga Hospital With Rizk Ventures & Goldman Sachs

Rizk Ventures, LLC has announced that its subsidiary Rizk Ventures Colombia and Goldman Sachs have created a joint venture to invest in sale-leaseback transactions in the Colombian hospital market. The joint venture has already consummated its first sale-leaseback transaction of...
Posted On February 3, 2016
, By Loren Moss
Photo courtesy jarp - pixabay
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Canadian Owned PharmaCielo Asks Colombian Government For Medical Marijuana License

Privately held PharmaCielo Ltd. today announced that its Rionegro, Colombia based subsidiary, PharmaCielo Colombia Holdings S.A.S. has submitted its formal application to Minsalud, Colombia’s Ministry of Health, and the Consejo Nacional de Estupefacientes (National Drugs Council)...
Posted On February 3, 2016
, By Loren Moss
Inside Isagen's Sogamoso Hydroelectric Facility -(photo courtesy Isagen)
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After Brookfield Sale, Isagen Seats New Board Of Directors

Monday at 10 am, in Medellín’s Plaza Mayór, during a special shareholder’s meeting called by BRE Colombia Investments LP, a new board of directors was seated for Medellín-based Colombian energy producer Isagen. BRE Colombia Investments LP is the majority shareholder of Isagen...
Posted On February 3, 2016
, By Loren Moss
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Ecopetrol Forms Offshore Exploration & Production Company While Divesting of Plastics Company

Colombia’s state controlled petroleum company Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP)  has announced that last Wednesday as part of its divestment plan, its board of directors approved proceeding with the process of selling 100% of its shares in the company Polipropileno del...
Posted On February 1, 2016
, By Loren Moss
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Ecopetrol Takes Out Additional Financing, Sees Credit Ratings Downgraded

Colombian petroleum company Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP) announced Friday that it opened a $175 million USD ($578 billion COP) line of credit with The Bank of Tokyo-Mitsubishi UFJ,Ltd. (NYSE:MUFG, TSE:MUFG) The loan was approved by Minhacienda, Colombia’s finance...
Posted On February 1, 2016
, By Loren Moss
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Harbour Energy Back In Pursuit Of Pacific Energy; Floats Tender Offer For Outstanding Debt At 17.5% Of Face Value

After being rebuffed last summer by a major Venezuela based shareholder when it attempted to acquire Pacific Exploration & Production (TSX:PRE) (BVC:PREC) , then known as Pacific Rubiales, in a joint offer along with ALFA S.A.B. of Mexico, Harbour Energy is attempting to take...
Posted On January 25, 2016
, By Loren Moss
US Ambassador Kevin Whitaker (Photo courtesy US Embassy, Bogotá)
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US Ambassador Fetes Success of “100,000 Strong In The Americas” Exchange Student Program in Colombia

Ambassador of the United States Kevin Whitaker received at his residence last Friday morning several members from Colombia’s private sector to celebrate the success of the  100,000 Strong in the Americas (La Fuerza de 100,000 en las Americas) higher education initiative in...
Posted On January 23, 2016
, By Loren Moss
Downtown Bogota street scene - Photo credit Loren Moss
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Fitch: Colombia’s Insurance Market Continues To Be Attractive To New Participants

Bogotá, Colombia–(Business WIre)– Fitch Ratings has announced that its Sector and Rating Outlooks for the Colombian insurance industry are currently stable, and that there is a high likelihood Fitch will affirm the ratings of most Colombian insurance companies in...
Posted On January 23, 2016
, By Loren Moss
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Electricaribe Awards Peru’s Graña Y Montero Subsidiary 5-Year $63 Million USD Electricity Technical Services Contract

Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) announced Friday evening that their subsidiary CAM Colombia Multiservicios S.A.S. has obtained the Buena Pro for the “Comprehensive Electricity Contract” to provide engineering and technical services for the Colombian company...
Posted On January 23, 2016
, By Loren Moss
LNG Floating Storage Unit (CNW Group/Pacific Rubiales Energy Corp.)
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Pacific Exploration & Production Gets An Extension To Looming Minimum Liquidity Deadline

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the company and its lenders have agreed to extend the Liquidity Deadline to February 4, 2016, “or such later date as the company and its lenders shall agree.” This comes after the oil company...
Posted On January 21, 2016
, By Loren Moss
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Zonte Metals Closes Private Placement

Zonte Metals Inc. (TSXV: ZON) has announced the closing of a private placement offering including the second tranche which closed on January 20, 2016. Zonte Metals Inc. is a junior explorer focused on gold and copper that is actively reviewing and completing field due diligence...
Posted On January 21, 2016
, By Loren Moss
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Nielsen: 57% Of Colombian E-Commerce Shoppers Still Pay COD (Cash On Delivery)

New York, January 20, 2016 (PRNewswire) — E-Commerce is going mobile and innovative technology is allowing consumers around the world unprecedented access to products. Consumers are no longer limited to the product selection at their local store or even in their own...
Posted On January 20, 2016
, By Loren Moss
Mayors Challenge - Bloomberg
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Call For Entries: Bloomberg Philanthropies Offers $9 Million To Latin American, Caribbean Cities For Innovative Ideas

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The...
Posted On January 20, 2016
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Downgraded By Moody’s To Baa3/ba3, Persistent Low Oil Prices Cited

Moody’s Investors Service announced yesterday that it has downgraded Colombia’s government controlled petroleum company Ecopetrol’s senior unsecured ratings to Baa3 from Baa2. At the same time, the company’s BCA (Baseline Credit Assessment) was lowered to ba3 from...
Posted On January 19, 2016
, By Loren Moss
Courtesy JayMantri - Pixabay
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European Based Transcom WorldWide Contact Centers Pulling Out Of Colombia; Chile & Peru May Be Next

Sweeden based Transcom WorldWide AB, trading on the Stockholm NASDAQ exchange (STO:TWW) today announced that it will close its loss-making contact center in Cali, Colombia, and that the board of directors is evaluating strategic alternatives for the company’s remaining Latin...
Posted On January 19, 2016
, By Loren Moss
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The Bonds Loans & Derivatives Andes Conference Returns To Bogotá February 23-24

For the second year in a row, Finance Colombia will be participating as a media sponsor of Bonds, Loans & Derivatives Andes, at the JW Marriott in Bogotá February 23 & 24th.  As the only conference in the Andean region bringing together Colombian and Peruvian capital...
Posted On January 19, 2016
, By Loren Moss
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Jorge Castellanos Rueda Named New President of ETB, Bogotá’s Telecommunications Company

The City of Bogotá controlled telecommunications company, Empresas Telefonicas de Bogotá (ETB) (BVC:ETB) has seated a newly formed board of directors that, in their first meeting, elected Jorge Castellanos Rueda (above) as the new president. In Colombia, it is common for...
Posted On January 18, 2016
, By Loren Moss
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Pacific Exploration & Production To Miss Interest Payments Due Tomorrow (January 19)

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced on Thursday that it has elected to utilize the 30 day grace period pursuant to the indentures governing its 5.625% notes due January 19, 2025, and its 5.375% notes due...
Posted On January 18, 2016
, By Loren Moss
The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Colombian Law Enforcement Begins Eviction of Illegal Miners From Continental Gold’s Buritica Claim

Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF)  announced today that national and regional police authorities in Buriticá, Antioquia launched a significant operation to evict illegal miners from unsafe areas near the company’s Veta Sur operations in the town of Buriticá...
Posted On January 18, 2016
, By Loren Moss
Photo credit - https://imgur.com/user/josemanueldaes
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Exclusive: CEO José M. Daes Discusses Tecnoglass’ Recipe For Success, NASDAQ & BVC Listings, Barranquilla’s Talent Pool

Tecnoglass can be called one of the first true Colombian multinationals, going beyond selling to other Latin American countries and establishing a significant market presence in the United States, which now accounts for more than half of revenues. With headquarters on Colombia’s...
Posted On January 17, 2016
, By Loren Moss
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International Tax Lawyer Adrian Rodriguez Answers Critical Questions On Colombia’s Tax Law

Editor’s note: Adrian Rodriguez, partner with the international law firm Lewin & Wills, has graciously allowed Finance Colombia to reprint the answers he prepared for a professional symposium for the benefit of our readers. Mr. Rodriguez may be contacted at the above links....
Posted On January 17, 2016
, By Adrian Rodriguez P.
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Colombia Gets 57 New Airline Routes in 2015, Bogotá’s El Dorado International Gets New Air Traffic Control Tower

Colombia’s civil aviation authority, Aeronautica Civil, also known as Aerocivil,  approved 57 new airline routes requested by airlines in 2015, including 34 national and 23 international routes. From the dates of approval, airlines have up to 180 days to provide service on those...
Posted On January 17, 2016
, By Loren Moss
cropped Photo of Isagen HQ courtesy Isagen
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Colombia’s Stake In Isagen Sold To Brookfield Renewable Energy For $2 Billion USD

Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) has committed to acquire 57.6% of the outstanding common shares of Medellín based Isagen S.A. (BVC:ISAGEN) from the Colombian government. In an auction held at 8am today that had only Brookfield as a bidder, the...
Posted On January 13, 2016
, By Loren Moss
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Analyst: Colombia & Brasíl’s Local Governments Pressured By Low Commodity Prices

Local and regional governments (LRGs) in Brazil and Colombia should face similar challenges from the decline in commodities prices and their importance to their economies, according to Fitch Ratings. LRGs in Colombia and Brazil suffer from high numbers of informal workers (those...
Posted On January 13, 2016
, By Loren Moss
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Level 3 Communications Opens New Data Center In Cali

Cali, January. 12, 2016 (PRNewswire) Global telecommunications provider Level 3 Communications, Inc. (NYSE: LVLT) announced the expansion of its global data center network with the opening of its newest data center facility in Latin America on December 28, 2015. Located in Cali,...
Posted On January 12, 2016
, By Loren Moss
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Exclusive Interview: How Colombia Made The Biggest Jump, 23 Spots, on A.T. Kearney’s 2016 Global Services Location Index

Last Sunday, global management consulting firm A.T. Kearney released its 2016 Global Services Location Index (GSLI), an annual report researched by the firm that analyzes and ranks the top 55 countries for outsourcing worldwide based on metrics in three categories: financial...
Posted On January 12, 2016
, By Loren Moss
cropped Photo of Isagen building HQ courtesy Isagen
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An Auction of One? Only Brookfield Remains As Bidder For Tomorrow’s Pending Isagen Sale

After Colbun dropped out of bidding last Friday (causing Colbun’s stock to rally strongly, up of 3.2%), only one bidder remains in contention for tomorrow’s January 13 auction for Colombian government controlled power producer, Isagen. Isagen is the third largest energy producer,...
Posted On January 12, 2016
, By Loren Moss
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Petroamerica Shareholders Overwhelmingly Approve Gran Tierra Tender Offer; 98% + Say Yes

Calgary, January 11, 2016 /CNW/ – Petroamerica Oil Corp. (TSX-V: PTA.V), an international oil and gas company operating in Colombia, has just announced that the plan of arrangement under the provisions of the Alberta (Canada) Business Corporations Act among Petroamerica,...
Posted On January 11, 2016
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Enters into New $109.5 Million Senior Secured Credit Facility With LatAm Bank Syndicate

Barranquilla, Colombia–(Business Wire)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC), the Barranquilla, Colombia based manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today...
Posted On January 11, 2016
, By Loren Moss
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Minminas, Colombia’s Mining Ministry Obtains $30 Million USD IDB Loan To Modernize Procedures

Colombia ‘s mining and energy sector will strengthen the way it makes policy decisions and its administration of information for efficient services, as well as its controls and audit methods, with the support of the Inter-American Development Bank (IDB). An IDB loan of $30...
Posted On January 11, 2016
, By Loren Moss
Sogamoso Is Isasgen's Most Recent Hydroelectric Project (Photo courtesy Isagen)
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Isagen Auction Slated For Wednesday, Canadian & Chilean Firms Brookfield & Colbún To Vie For The Colombian Power Generator

UPDATE: According to Colombia Reports, Chile’s Colbun drops out of bidding for Colombia’s Isagen on Monday, January 11, 2 days before the slated auction After a series of debates in Congress and conflicting positions between Colombian political parties, the Colombian...
Posted On January 10, 2016
, By Loren Moss
Bancolombia in Medellín, Colombia.
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Bancolombia Takes Control With 60% of Guatemala’s Banco Agromercantil, Fitch Upgrades Credit

Two years after purchasing 40% of Guatemala’s Grupo Agromercantil Holding, parent company of Grupo Financiero Agromercantil and Banco Agromercantil de Guatemala, Bancolombia (NYSE:CIB BVC:BCOLOMBIA), based in Medellín, Colombia has moved to take a controlling interest in the...
Posted On January 9, 2016
, By Loren Moss
tigo colombia tigo une
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Fitch Affirms Tigo & UNE’s Parent Millicom Cellular As BB+, Stable Outlook

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s...
Posted On January 9, 2016
, By Loren Moss
Mauricio Cardenas is Colombia's Finance Minister. Photo Credit Global Financial Conferences
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Finance Minister Mauricio Cardenas To Outline Colombia’s Financing Strategy At Bonds, Loans & Derivatives Andes 2016

Mauricio Cardenas Santamaria (pictured above), Minister of Finance and Public Credit in Colombia will be delivering a keynote address at Bonds, Loans & Derivatives Andes conference next month, February 23 & 24.  Speaking for the third consecutive year, the Finance...
Posted On January 8, 2016
, By Loren Moss
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Colombia Sets Airline Ticket Administrative Fee Maximums for 2016

Aeronautica Civil, the Colombian aviation regulatory authority commonly known as Aerocivil, has adjusted and announced the new maximum administrative fees that airlines may attach to passenger airfares for Colombian domestic and international flights. These fees are often charged...
Posted On January 8, 2016
, By Loren Moss
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Boating Trade Congress To Debut April 27-29 In Cartagena With International Marine Industry Backing

The National Marine Manufacturers Association (NMMA), International Council of Marine Industry Associations (ICOMIA) and Asociación Náutica de Colombia (ANC) have announced they will produce Colombia Nautica: the International Nautical Congress of Colombia, April 27-29 in...
Posted On January 7, 2016
, By Loren Moss
Guest contributor Carlos Ferrer is the Vice President and General Manager of Unisys for South, Central and Andean Latin America, and the Head of Financial Services for Latin America
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Guest Contribution: Transforming Financial Services With Analytics

We live in a time when every minute we generate millions of records of information that, in a disorganized way, is stored in servers from different companies or networks in the cloud, often without any clear policies on how to manage, process and take advantage of such...
Posted On January 6, 2016
, By Carlos Ferrer
Photo of an example mine courtesy 24ox24 and Pixabay.
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Mark Moseley Williams Named CEO of Eco Oro, Jean Sebastien Blanchette Leaves Board

Eco Oro Minerals Corp. (TSX:EOM) announced yesterday that Mark Moseley-Williams has been promoted to president and chief executive officer of the company, retaining the title of president. Moseley-Williams previously served as Eco Oro’s president and chief operating...
Posted On January 6, 2016
, By Loren Moss
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Federico Gutierrez Appoints Jorge Londoño de la Cuesta As New General Manager Of EPM

Medellín’s newly elected mayor, Federico Gutierrez Zuluaga , upon taking office January first, immediately appointed engineer Jorge Londoño de la Cuesta (above) as the general manager of Empresas Publicas de Medellín (EPM), the multinational utility company directly owned by the...
Posted On January 6, 2016
, By Editorial Staff
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Petroamerica Amalgamates Subsidiaries; Special Meeting Announced On Gran Tierra Energy Purchase

Petroamerica Oil Corp. (TSX-V: PTA), has announced that it has completed a vertical amalgamation with its wholly-owned subsidiaries, Aries Exploration Corp., Petroamerica Inc. and Petroamerica International Corp. pursuant to subsection 184(1) of the Business Corporations Act of...
Posted On January 5, 2016
, By Loren Moss
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Colombia’s Processed Food Industry Projected To Grow 51.5% Between 2014-2019

Colombia is positioned as a high growth market for the processed foods industry, according to the industry gremio (industry association) ANDI (National Association of Businesspeople). Statistics provided by ANDI indicate that while Latin America regional per capita processed food...
Posted On January 5, 2016
, By Loren Moss
generic asian bullet train courtesy publicdomainpictures - pixabay
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Breaking News: Chinese Engineering Firm ShenZhen Sunwin Intelligent Co. To Enter Colombia

Finance Colombia has learned that Chinese engineering firm ShenZhen Sunwin Intelligent Co. Ltd. intends to open operations in Bogotá. The firm is active in the engineering and fabrication of public transportation technology such as fare collection devices, passenger information...
Posted On January 4, 2016
, By Loren Moss
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Colombia’s Public Auditor Receives $30 Million USD Loan To Modernize Fiscal Controls

Colombia will strengthen the quality, efficiency and citizen participation of fiscal controls with support from the Inter-American Development Bank (IDB). The IDB’s $30 million loan is designed to strengthen the Contraloría General de la Republica, the government...
Posted On January 4, 2016
, By Loren Moss
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Banks Grant Pacific Exploration & Production Temporary Covenant Relief, Fitch Downgrades Credit

Last week, Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced that it has obtained an extension of the waivers previously granted by its lenders in respect of the Net Worth Covenant that requires the company to...
Posted On January 4, 2016
, By Loren Moss
EPM loan signing - juan calle restrepo
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EPM Closes Mammoth $1 Billion USD Loan From Syndicate Of US & Japanese Banks

Empresas Publicas de Medellín (EPM) the City of Medellín-owned multinational utility announced last week the signing of a $1 billion USD loan from a syndicate of banks in a club deal to fund growth plans in 2016, including the Ituango hydroelectric project. Bank of America and...
Posted On January 3, 2016
, By Loren Moss
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Four Seasons Casa Medina Hotel Now Open In Bogotá’s Zona-G

The first of two Four Seasons Hotels has opened in Bogotá Q4 2015. After a multimillion dollar remodel that started in December of 2014, the historic Casa Medina in Bogotá’s Zona-G near the Financial District reopened as Four Seasons Casa Medina. Owned by the Gilinski Group, the...
Posted On January 3, 2016
, By Loren Moss
Aon's London HQ
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Galizia Taps Sergio Rivera Jiménez To Head Aon Benfield Colombia

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has announced that Sergio Rivera Jiménez is the new CEO of Aon Benfield Colombia Reporting to Alejandro Galizia, CEO of Aon Benfield Latin America, Mr. Rivera brings extensive...
Posted On January 3, 2016
, By Loren Moss
passport courtesy kpgolfpro - pixabay
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US IRS Now Has Power To Revoke Passports Of American Citizens Owing Taxes

US President Barack Obama signed into law last month House Resolution 22, the “Fixing America’s Surface Transportation Act,” known by its acronym as the “FAST  Act.” Though ostensibly highway funding legislation, the new law adds Section 7345 to the Internal Revenue Code that...
Posted On January 3, 2016
, By Loren Moss
Epson LabelWorks LW-400 Label Maker
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Quick Look: Epson LabelWorks LW-400 Office Label Maker

Offices, laboratories, and industrial sites all need to create labels from time to time, and for some entities, all the time. Whether for professionalism, aesthetics, or safety, label makers have become indispensable in these environments. As a commercial sample, Epson Colombia...
Posted On January 3, 2016
, By Loren Moss
Colombia's President Juan Manuel Santos odebrecht
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Colombia’s Unemployment Rate Falls To 7.3%; Lowest In 15 Years

Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured...
Posted On December 31, 2015
, By Loren Moss
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