Blog

The mix of factors such as the possible reduction in the rate of increase in interest rates by the United States Federal Reserve, a strong oil price due to the reopening of China and the lower internal uncertainty of the country led to the dollar in Colombia to lose this week 83 pesos.(You can also read: Creg responds to Petro: 'Regulatory bodies must be independent') The US currency was quoted lower all week except Friday and closed at an average price of 4,548.25 pesos, that is, about 500 pesos less than a little over two months ago, when it was…

Since the signing of decree 050 of January 15, 2023, a wave of questions has been unleashed by experts about the feasibility of paying the 'extra' tolls in the country. This regulation was issued in order to freeze the price in the toll rate of the National Highway Institute (Invías) and those of the National Infrastructure Agency (ANI) as a measure to combat the impact of inflation on the pocket of Colombians.(Read also: Labor reform: the first stitches of the project that the Government is preparing) According to María Montejo Torres, senior associate of Infrastructure and Projects of Baker McKenzie,…

In an interview with EL TIEMPO, the former vice minister Belizza Ruiz refers to her management in the Ministry of Minesthe controversy over the decision to stop signing exploration contracts and the clash with the minister irene velez.The latter was due to the controversial report on gas and oil reserves, which ensures that the resources would reach 2037 and on which it would be deciding not to sign more exploration and production contracts. Vice Minister Ruiz has confirmed on several occasions that the study has technical, economic and methodological problems and does not have bibliographic references. "I did not know…

Colombia completed a record number for the eighth consecutive year in remittance income last year, which means that Colombians received a total of 9.427 million dollars from family and friends living abroad. On average, every day of 2022, about 26 million reached their pockets for this concept, according to figures collected by the Bank of the Republic.(Also read: How was the usury rate for February? Borrowing is becoming more expensive) The data represented an increase of 9.7 percent compared to 2021 when the figure amounted to 8,595 million dollars, and compared to a decade ago, it meant an increase of…