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	<title>Media &#8211; Finance Colombia</title>
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	<description>Connecting Colombia to the global capital markets, analysts, economists, investors, and executives that matter</description>
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	<title>Media &#8211; Finance Colombia</title>
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		<title>Ukraine-Origin IT Outsourcer Intellias Opens Colombian Operations With Big Plans For Continued Expansion</title>
		<link>https://www.financecolombia.com/ukraine-origin-it-outsourcer-intellias-opens-colombian-operations-with-big-plans-for-continued-expansion/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Wed, 22 Mar 2023 23:18:26 +0000</pubDate>
				<category><![CDATA[ICT]]></category>
		<category><![CDATA[Artificial Intelligence]]></category>
		<category><![CDATA[big data]]></category>
		<category><![CDATA[bogotá]]></category>
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		<category><![CDATA[TomTom]]></category>
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		<category><![CDATA[vitaly sedler]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=26312</guid>

					<description><![CDATA[Intellias expects to hire up to 60 specialists in Colombia by the end of 2023....]]></description>
										<content:encoded><![CDATA[<p><a href="https://intellias.com/"><strong>Intellias,</strong></a> a global IT outsourcing firm with a Ukrainian heritage has announced that it is setting up a new delivery center in Colombia and gathering a team of experienced engineers to work on digital solutions for industrial and professional clients. The company says it expects to hire up to 60 specialists in Colombia by the end of 2023, adding to its global team of 3,200 experts in 13 locations globally. Colombian engineers, developers and data scientists will be able to work on projects in IoT, artificial intelligence, cybersecurity, data science, cloud services, DevOps, big data, Salesforce, and other domains.</p>
<p>Intellias has expertise in several industries including mobility, financial services, telecom and media, and retail, working with companies like HERE Technologies, HelloFresh, Rand McNally, TomTom and DKV.</p>
<p>“Having a well-developed tech ecosystem and technically skilled engineers, Colombia is one of the fastest-growing IT hubs in the LATAM region. Additionally, Colombia is the perfect location to set up the first delivery center in Latin America and work with our growing US client roster. By cooperating closely with Colombian IT experts, educational centers, and IT hubs, we plan to build a top-tier team of engineers who will join our efforts in digitalizing the world. We invite local developers to apply to join the Intellias team and grow with the company<em>,</em>” said Vitaly Sedler, CEO and co-founder of Intellias</p>
<p>Intellias claims to have been named the best IT employer by Forbes and EY in 2020 and 2021, and has also been named one of the most family-friendly companies in Ukraine by UNFPA. This, according to the company, is due to paying special attention to nurturing and supporting a human-to-human corporate culture. Team members can manage their careers, work remotely, master new skills, become mentors, join engineering communities, and even get insurance for their pets.</p>
<p>“Setting Colombia as a new global location is a big and strategic step for Intellias. We hope to get access to the world-renowned LATAM talent market, using Colombia as a key bridge, while also using Colombia’s close ties with North America to foster a strong partnership with our clients. We look forward to cooperating with Colombian specialists on top-notch engineering projects and creating outstanding digital solutions while enjoying the rich culture and diversity Colombia has to offer,” Camilo Riveros,  Intellias Employee Experience Manager for Colombia</p>
<p>Last year, Intellias reported 50% growth, opening new offices in Croatia, Bulgaria, Spain, Portugal, and Poland; and acquiring Digitally Inspired, a fast-growing UK-based development company focusing on retail and eCommerce industries. Intellias also has offices in Ukraine, working with the country’s engineers to launch initiatives to support the Ukrainian people during the country’s defense against Russian aggression. In 2023, the company plans to open even more locations in Colombia and India.</p>
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		<title>Tecnoglass To Present At Baird Virtual Investor Conference June 4</title>
		<link>https://www.financecolombia.com/tecnoglass-to-present-at-baird-virtual-investor-conference-june-4/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Fri, 29 May 2020 16:26:30 +0000</pubDate>
				<category><![CDATA[Industry & Commerce]]></category>
		<category><![CDATA[aluminum]]></category>
		<category><![CDATA[Automotive]]></category>
		<category><![CDATA[Beverages & Food Products]]></category>
		<category><![CDATA[Business & Professional Services]]></category>
		<category><![CDATA[Commercial Services & Supplies]]></category>
		<category><![CDATA[Communications & Telecom]]></category>
		<category><![CDATA[Consumer/Retail]]></category>
		<category><![CDATA[glass]]></category>
		<category><![CDATA[Healthcare Information Technology]]></category>
		<category><![CDATA[hotels]]></category>
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		<category><![CDATA[tecnoglass]]></category>
		<category><![CDATA[tgls]]></category>
		<guid isPermaLink="false">https://www.financecolombia.com/?p=20530</guid>

					<description><![CDATA[Colombian glass &#038; aluminum manufacturer Tecnoglass, Inc. (NASDAQ: TGLS) today announced that the company will attend the Baird 2020 Virtual Global Consumer, Technology &#038; Services Conference on Thursday, June 4, 2020....]]></description>
										<content:encoded><![CDATA[<p align="justify">Colombian glass &amp; aluminum manufacturer <a href="https://www.tecnoglass.com/">Tecnoglass, Inc. (NASDAQ: TGLS)</a> today announced that the company will attend the <a href="https://www.bairdconferences.com/conference2/Index/23">Baird 2020 Virtual Global Consumer, Technology &amp; Services Conference</a> on Thursday, June 4, 2020.</p>
<p align="justify">Tecnoglass’ latest investor presentation will be provided at this conference. Prior to Tecnoglass’ attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investor Relations section of the Company’s website at <a title="" href="https://www.globenewswire.com/Tracker?data=i79qgrRbcWYbeoP6_-Y2gBf02oS9M-rRu9KsFIC4cTuH4PHO1s1Rqo1dpiGS0vnqiZKH2v59KNi2Me4vBmPuzUreLsnuEJGo9nDy-ajKKEA=" target="_blank" rel="nofollow noopener noreferrer"><u>www.tecnoglass.com</u></a>.</p>
<p align="justify">The Baird Global Consumer, Technology &amp; Services Conference brings institutional and private equity investors together with senior management from over 200 public and privately-held companies. The conference will feature companies across the following sectors: Automotive, Beverages &amp; Food Products, Business &amp; Professional Services, Commercial Services &amp; Supplies, Communications &amp; Telecom, Consumer/Retail, Healthcare Information Technology, Hotels, Restaurants &amp; Leisure, Internet Software &amp; Services, IT Services, Logistics, Media, SaaS, Semiconductors, Software and Technology.</p>
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		<item>
		<title>Fitch Ratings Predicts Avianca, Digicel &#038; Odebrect Will Be Unable To Repay Debt Due This Year</title>
		<link>https://www.financecolombia.com/fitch-ratings-predicts-avianca-digicel-odebrect-will-be-unable-to-repay-debt-due-this-year/</link>
		
		<dc:creator><![CDATA[Loren Moss]]></dc:creator>
		<pubDate>Tue, 31 Mar 2020 13:04:10 +0000</pubDate>
				<category><![CDATA[BFSI - Financial Services]]></category>
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		<category><![CDATA[irsa]]></category>
		<category><![CDATA[IRSA Inversiones y Representaciones]]></category>
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		<category><![CDATA[Odebrecht Engenharia e Construcao S.A.]]></category>
		<category><![CDATA[Odebrecht Finance Ltd.]]></category>
		<category><![CDATA[panama]]></category>
		<category><![CDATA[pandemic]]></category>
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		<category><![CDATA[Real Estate and Homebuilding]]></category>
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		<category><![CDATA[S.A. de C.V.]]></category>
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		<category><![CDATA[Southern Copper Corporation]]></category>
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		<guid isPermaLink="false">https://www.financecolombia.com/?p=19843</guid>

					<description><![CDATA[In a new report, Fitch Ratings said that it expects a combined $202 million USD in debt due this year and owed by Avianca, Odebrecht and Digicel will not be repaid by the issuers....]]></description>
										<content:encoded><![CDATA[<p>The Latin American bond market has been closed for most of Q1, 2020 due to heightened uncertainty related to the Coronavirus COVID-19 Pandemic. <a href="https://www.fitchratings.com/">Fitch Ratings </a>believes this and other factors raise default risk for $2.5 billion USD of $10.9 billion of bonds due for 17 corporates in 2020.</p>
<p><a href="https://www.avianca.com/co/en/">Avianca</a>, <a href="https://www.digicelgroup.com/en.html">Digicel</a> and <a href="https://www.odebrecht.com/es/home">Odebrecht </a>recently defaulted on debt and have a combined $202 million due in 2020, most of which is debt held by issuers that did not participate in prior restructurings. <em><u>This debt is not expected to be repaid.</u></em> Travel restrictions related to the coronavirus will hinder Avianca’s ability to recover, while Digicel will struggle with weak currencies and pressured accounts receivable collections.</p>
<p>On the other hand, refinancing risk is manageable for CFE, ENAP and Codelco due to their ownership by the governments of Mexico and Chile, and they account for $4.9 billion of bonds falling due in 2020.</p>
<p>Refinancing risk is also low for America Movil, CSN, Bimbo, SABESP and SCC. Eight issuers are rated ‘B–’ or lower and account for $2.5 billion of the debt. Argentine issuers IRSA and YPF combined have $821 million of bonds maturing in 2020, with YPF accounting for 90%. Capital controls and market volatility impair Argentine corporates’ capacity to access international capital markets, execute liability management processes and service debt.</p>
<p>Fitch Ratings has published a report titled <a href="https://www.fitchratings.com/research/corporate-finance/coronavirus-raises-risk-on-2020-latin-america-bond-refinancings-30-03-2020">“Coronavirus Raises Risk On 2020 Latin America Bond Refinancings” that may be accessed by clicking here.</a></p>
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