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Massimo Canovi
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TMF Group’s Massimo Canovi Explains Why Colombia Is World’s Fourth Most Complicated Country For International Business

Global payroll and tax firm TMF Group just released their 2021 Global Business Complexity Index (GBCI) that analyzes business administration and compliance across 77 jurisdictions, from the time it takes to incorporate a company, to changes in tax legislation, policies around...
Posted On September 28, 2021
, By Loren Moss
South American magnate & former Avianca chairman Germán Efromovich
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Efromovich Brothers Cleared Of Corruption Charges In Brazil

The brothers were arrested in São Paulo on charges related to fraud in the contracts between the Transpetro subsidiary of Petrobras and the Efromovich brothers’ Estaleiro Ilha S.A. (EISA) shipyard in Brazil.
Posted On September 21, 2021
, By Loren Moss
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GlobeNet Building New Data Center In Barranquilla

GlobeNet says its new data center integrates with its ecosystem of content providers, service providers and IXs, as well as the company’s submarine network and redundant terrestrial backhauls.
Posted On September 21, 2021
, By Loren Moss
Photo courtesy of MinCIT
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Colombian Non-Mining/Petroleum Exports Surge To 13-Year High

84.5% of what Colombia exports to the world in non-mining, non fuel products goes to countries with which the country has a current free trade agreement. Today there are 17 bilateral and multilateral trade agreements with approximately 65 countries. Growth in exports to these...
Posted On September 6, 2021
, By Loren Moss
Viva Air's Felix Antelo
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Cartesian Capital Takes Minority Equity Stake In Viva

The investment is seen as a vote of confidence as the aviation industry navigates the global COVID-19 pandemic. While larger airlines like Avianca and Latam fell into bankruptcy reorganization, Viva directly renegotiated over 200 contracts with suppliers and lessors in order to...
Posted On September 6, 2021
, By Loren Moss
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Support For Globalization Declines In Colombia, According To World Economic Forum Report

55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”
Posted On August 26, 2021
, By Loren Moss
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What Jumps Out: Green Shoots?

On a more optimistic note, the MSCI COLCAP finally appears to be gaining a foothold in 2021, we are no longer bottom of the pile and for foreigners in particular, there are bargains to be had.
Posted On August 25, 2021
, By Rupert Stebbings
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What Jumps Out: Back At The Desk

Here in Colombia the market has been crying out for new blood, we have seen multiple names such as Tablemac delist, others including Éxito who are no longer part of the MSCI COLCAP and recently Avianca which has been put on the naughty step due to Chapter 11.
Posted On August 18, 2021
, By Rupert Stebbings
With a growing fleet of 18 new aircraft, 8 of them with NEO engines, Viva is now dominating the market for flights to San Andrés
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Viva Air Strengthens Domestic Network With 5 New Routes + More Frequencies To Leticia

Tickets have gone on sale for five new national routes: San Andrés-Pereira, San Andrés- Barranquilla, San Andrés-Bucaramanga, San Andrés-Cartagena and Cartagena-Bucaramanga.
Posted On August 14, 2021
, By Loren Moss
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Viva Air Files For Major International Expansion, Seeks Permission For Flights To 6 New Cities In 4 New Countries

Viva Air CEO Felix Antelo, a native of Argentina himself, has stated publicly that the airline expects to connect North & South America “from Buenos Aires to New York” through its Medellín hub.
Posted On August 2, 2021
, By Loren Moss
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