Blog

Inflation in Colombia: causes that make transport prices more expensive – Sectors – Economy

Inflation in Colombia: causes that make transport prices more expensive – Sectors – Economy

Inflation follows without reaching a ceiling. In the latest report on Consumer Price Indices from the National Administrative Department of Statistics (Dane), it was evidenced that prices rose 13.2%, this leveraged by other items, however food, such as transportation that already accumulates a inflation of 13.9%. It is worth clarifying that this category weighs 28.3% of the monthly participation. By categories, vehicle acquisition and transport services lead the way in being the ones that have risen the most. The first rose 2.27% only in the month of January and registers an annual increase of 22.1%. In the case of transportation…
Read More
Colpensions: can independent workers make advance contributions?  – Personal Finance – Economics

Colpensions: can independent workers make advance contributions? – Personal Finance – Economics

Retiring is one of the most important aspects of working life, even if you don't think about it from the start. The desire of everyday life and day to day often prevent us from thinking about such a distant future, but it is necessary to take actions from youth to avoid surprises in old age.This precept also applies to independent workers, who have the obligation to pay their social security; that involves health, layoffs and, of course, pension. Since they do not have employees, they are the ones who must manage these procedures.(You can read: What happens if your company…
Read More
18,000 tons of flowers arrived in the United States for Valentine’s Day – Sectors – Economy

18,000 tons of flowers arrived in the United States for Valentine’s Day – Sectors – Economy

For the Valentine's Day celebration that will take place on February 14, Avianca Cargo transported nearly 18,000 tons of flowers from Colombia and Ecuador to the USA.For the 2023 season 2,000 more tons of flowers were sentWell, last year there were 16,000. For this, 300 cargo flights were necessary between January 16 and February 8.(Also read: Colombian airlines launch offers: they offer tickets from 68,000 pesos) Avianca Cargo highlighted that it was precisely 50 years ago the first flight took off of this flower-laden airline to the United States. In 1973, a plane was loaded with just 12 tons."The export…
Read More
External debt of Colombia: this is how the country’s debt is growing – Financial Sector – Economy

External debt of Colombia: this is how the country’s debt is growing – Financial Sector – Economy

According to the Bank of the Republic, in November the external debt of Colombia reached 180.3 billion dollars, that is, 52.8 percent of the country's GDP. This figure represents an increase compared to October, when it obtained 178,096 million dollars, 52.2 percent of GDP, while for November 2021 it amounted to 168,300 million dollars, 53.7 percent of GDP.The bank also pointed out that in November 2022, the private external debt was 78,822 million dollars, which was equivalent to 23.1 percent as a proportion of GDP.besides, short-term private debt was 29,379 million dollars and the long-term was at 49,443 million dollars.While…
Read More