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//ministry of finance
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 Signs Deal With Minhacienda To Take Control Of Isa

Colombian oil producer Ecopetrol has signed an agreement to purchase the Ministry of Finance & Public Credit's (Minhacienda) share of electrical grid operator Interconectado Eléctrica SA, or ISA.
Posted On August 16, 2021
, By Loren Moss
Ecopetrol President Felipe Bayón
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Ecopetrol Announces 2020 & Q4 Results, President Defends ISA Deal

Ecopetrol reports sales down 23.6% year-on-year for the 4th quarter of 2020, to 14,190 trillion Colombian pesos, or 3.95 billion USD. Full year sales are down 29.4% to 13.8 billion. The company was able to report net income of 1.7 trillion pesos, or $471 million USD.
Posted On March 2, 2021
, By Loren Moss
4

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

A 3 judge panel in Colombia's Cundinamarca district court issued an emergency injunction against the $370 million USD loan by the administration of Colombian President Ivan Duque to bankrupt Avianca Airlines, where his sister is a top executive. The lawsuit was filed by a...
Posted On September 12, 2020
, By Loren Moss
gran tierra energy colombia oil colombian peso geopark Orinoquia Capital frontera energy pacific exploration and production
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Gran Tierra Energy Announces Q1 2020 Results

Gran Tierra Energy announced that its net loss was $252 million compared with net income of $27 million in the Prior Quarter, due to lower revenues primarily from the collapse in oil price
Posted On May 25, 2020
, By Loren Moss
mauricio cardenas colombia finance minister tax reform ecopetrol
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Ministry of Finance: Colombia GDP to Grow by 2.7% This Year and 3.4% in 2019

This figure is identical to a recent forecast from the central bank and represents an improvement from the disappointing 1.8% registered in 2017.
Posted On June 16, 2018
, By Jared Wade
colombia ratings fitch ratings outlook stable negative sovereign rating bogota medellin
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Fitch Ratings Affirms Colombia’s BBB Credit Rating with a Stable Outlook

Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.
Posted On May 9, 2018
, By Jared Wade
The Port of Barranquilla. (Photo credit: Puerto de Barranquilla)
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Inter-American Development Bank to Host 2020 Annual Meeting in Barranquilla

Colombia has previously hosted the event four times over the past six decades, mostly recently in 2009 in Medellín.
Posted On March 29, 2018
, By Jared Wade
(Photo credit: Minvivienda)
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Colombia Launches $420 Million USD Housing Subsidy Program

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.
Posted On February 9, 2018
, By Jared Wade
standard & poors Colombia rating
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Standard & Poor’s Lowers Colombia’s Long-Term Foreign Currency Sovereign Credit Rating to BBB-

S&P highlighted Colombia’s “diminished policy flexibility” due to “weakened fiscal and external profiles” in its analysis following the move.
Posted On December 12, 2017
, By Jared Wade
mauricio cardenas colombia finance minister tax reform ecopetrol
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Colombian Congress Approves $81.3 Billion USD Budget for 2018

"This is a government of austerity," said Finance Minister Mauricio Cárdenas about a budget that is below the 2017 levels in real terms.
Posted On September 14, 2017
, By Jared Wade
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RECENT

POPULAR

COMMENTS

William Shaw is CEO & Founder of Colombian LCC Ultra Air.

¿Qué Sigue? Airline Entrepreneur William Shaw Talks About The Launch Of Ultra Air, The Newest Colombian Low-Cost Carrier

Posted On July 1, 2022
Wingo's pork milanesa (schnitzel) sandwich,

Wingo Rolls Out Upgraded In-Flight Menu Options Available For Pre-Purchase When Booking Flight

Posted On July 1, 2022

Concentrix Opens Medellín Contact Center, To Employ Over 2,000 Bilingual Agents

Posted On July 1, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

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[…] The Reason Foundation’s Daniel...

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