Investments and Business

Recently, it was announced that the Sierra Nevada Group, known for its famous and beloved hamburger chain with the same name, was admitted in the process of business reorganization. This due to that has liabilities with more than 90 days past due for a value of 2,013 million pesos.(Also read: Colombia accelerates to consolidate its immediate payment system) The pandemic, the war in Ukraine and high inflation played a fundamental role in the increase in its production costs due to the increase in prices that products showed like potatoes, meat and even wheat. (You might be interested: The Government would…

After the series of declines, which at times led it to trade around 3,930 pesos, the price of the dollar in the interbank market for the second day of this week began its upward negotiation, to the point that its value was very close to 4,000 pesos, according to records of the Electronic Trading System (SET-FX) of the Colombian Stock Exchange (BVC).(Also read: 'Barbenheimer' phenomenon at the movie box office in Colombia to its all-time record) For a single dollar, a maximum price of 3,999 pesos has been paid this Tuesday, while the lowest value that has been registered in…

The Center for Economic Studies ANIF and the Americas Society / Council of the Americas are currently holding an international seminar at the Club El NOgal in Bogotál 'The Colombian Economy, how are we doing at this moment?, conference that this year has the participation of senior government officials from President Gustavo Petro's economic team, as well as international and local experts, to discuss the economic future of the country.(Also read: In Colombia, while international air passengers grow, local travelers fall) Speakers include Susan Segal, President and CEO of the Americas Society/Council of the Americas; Mauricio Santa María, President of…

The movement of passengers by air in the first half of the year remains in Colombia without much variation compared to the records of 2022 in general terms. However, when looking at this behavior in detail, it is found that, while the mobilization of the internationals had a strong rebound, the locals showed a marked decrease. (Also read: Faced with a slowdown, the Ministry of Finance announces a boost to public works) According to figures from the Civil Aeronautics, in the first six months of 2023 about 23 million people were mobilized by air, thus maintaining the rate observed a…