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//sao paulo
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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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
GE Ferrule for Hidroituango
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Turbine Replacement Begins At EPM’s Hidroituango Dam

After manufacturing, the units had to be shipped from Santos, Brazil to Colombian ports in the Caribbean, then deployed over roads as oversized cargo to the rural site of the Hidroituango hydroelectric dam in northern Antioquia.
Posted On January 18, 2021
, By Loren Moss
South American magnate & former Avianca chairman Germán Efromovich
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Breaking News: Former Avianca Chairman Germán Efromovich Arrested On Corruption & Bribery Charges

Former Avianca chairman Germán Efromovich along with his brother José have been arrested in Brazil on charges of bribery and corruption as part of the Lava Jato investigation.
Posted On August 19, 2020
, By Loren Moss
Photo credit Loren Mosss
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JC Decaux Wins 15-Year Bogotá Outdoor Advertising & Information Contract

A joint venture between JCDecaux and Caracol Television has won a contract for bus stop advertising & information in Bogotá for the next 15 years.
Posted On May 18, 2020
, By Loren Moss
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After Threats, Lime Follows Uber As The Latest Alternative Mobility Company To Give Up On Colombia

As Colombia’s government, apparently allied with sometimes violent taxi syndicates runs off mobility providers such as Uber and domestic company Picap, electric scooter provider Lime has announced that it is also abandoning its Bogotá foothold in a blog post by its CEO. This...
Posted On January 11, 2020
, By Loren Moss
Centro Argos, under construction earlier this year.
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Bogotá #2 High End Office Market in South America says Cushman & Wakefield

Bogotá continues to consolidate itself as a leader in the high end office market according to a study performed by global real estate firm Cushman & Wakefield. According to the study, Bogotá comes in second, just after Santiago de Chile, with 167 m2 of class A space per 1,000...
Posted On April 17, 2019
, By Loren Moss
Oil rig (Photo credit: Catmoz / Pixabay)
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Ecopetrol Wins Joint Bid to Explore Pau-Brasil Oil Block in Vast Santos Basin off Brazilian Coast

Colombian state-controlled oil company Ecopetrol (NYSE: EC) (BVC: ECOPETROL) was among the exploration block winners today at an auction in Brazil and now holds the rights to a portion of the oil extracted from the Santos basin off the coast of South America’s largest...
Posted On September 28, 2018
, By Jared Wade
LATAM Fine colombia
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LATAM to Buy All Outstanding Shares and Take Customer Loyalty Program Multiplus Private

The LATAM Group already owned more than 70% of Multiplus as the controlling stakeholder and will purchase the remaining shares of the São Paulo-based firm.
Posted On September 6, 2018
, By Jared Wade
Bogotá fitch ratings downgrade city real estate property value rental
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Bogotá Recognized for Excellence in Social Innovation

Bogotá was recognized for its "Laboratory of Innovation for Social Organizations” initiative that has helped promote citizen participation.
Posted On August 30, 2018
, By Jared Wade
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