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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced yesterday that the General Shareholders’ Meeting, held March 26th, 2015, approved an ordinary dividend of 133 Colombian pesos (COP$133) per share. The General Shareholders’ Meeting approved a lump sum...

Fitch Ratings has issued the following statement this morning regarding the credit outlook of Avianca Holdings. Fitch Ratings has affirmed the ratings of Avianca Holdings S.A.’s (Avianca Holdings) and its subsidiaries as follows: Avianca Holdings S.A. (Avianca Holdings)...

The Inter-American Development Bank (IDB) announced in Korea today the winners of the fifth annual beyondBanking awards, which recognize best projects and initiatives in the region contributing to the creation of a more sustainable financial sector. The awards were given in a...

This year’s guest nation at Colombia’s “Féria Internacionál del Libro” will be Macondo, the fictional country imagined by the late “Gabo,” Gabriel Garcia Márquez, the Colombian author who was awarded the 1982 Nobel Prize in Literature. A 3,000 square-meter pavilion honoring the...

Consistent with Fitch Ratings’ belief that a major acquisition by Empresa de Energia de Bogota S.A. E.S.P.’s (EEB) is unlikely in the near to medium term, the company publicly declared it will not be participating in the republic of Colombia’s attempted sale of...

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of...

Empresa Telefónica de Bogotá (ETB), claiming to be the second oldest existing telephone company on the planet, has been making impressive moves in 2014 and 2015, transforming its business model into a modern digital communications enterprise. CEO Saul Kattan Cohen was recognized...

The Board of Colombia’s Bank of The Republic, at its meeting last Friday decided to keep the benchmark interest rate at 4.5%. According a statement released by the Central Bank, the Board took into consideration the following aspects when reaching its decision: The average...

The General Shareholders’ Meeting of 2015 took place yesterday for Empresa Telefónica de Bogotá (ETB), where an improvement in the telecom’s balance sheet of an increase in equity (25.6%) and a decrease in liabilities (29.1%) during the last three years was the highlight,...

Deepwater and unconventional E&P activities in Colombia are experimenting a significant boost, creating great business opportunities for international companies. Monday, May 4th, 2015, 8:00 am – 12:00 pm OTC – NRG Arena – Houston, TX 77054 While Colombia is...