Investments and Business

Resuming the regulation of public services is not the only change that President Gustavo Petro seeks to make in this sector. He is also pointing to reform laws 142 (public services) and 143 (electricity law) that were created in 1994 to shield Colombia from a new blackout.Precisely, tomorrow will be 30 years since the end of the 11 months of energy rationing that Colombians had to live between 1992 and 1993 due to a series of errors that led to the only blackout in the country's history.(Also read: Thirty years after the blackout: the country reviews lessons in the midst…

The National Administrative Department of Statistics (Dane) released the annual inflation figure In Colombia in the period between January 2022 and the same month in 2023, according to this entity, the increase was set at 13.25 percent. According to the Dane report, the expanded cost of living seven consecutive months above 10 percent. For January 2023, the monthly variation of the Consumer Price Index, CPI, was 1.78 percent."The annual behavior of is mainly explained by the variation in the divisions food and non-alcoholic beverages, accommodation, water, electricity, gas and other fuels", the report mentions.(Keep reading: Usury rate reaches the highest…

He Colombian pesos it is the official currency of the country and has been used since 1810, when it replaced the real currency. During its history, it has undergone various changes and revaluations due to various economic and political circumstances.Read here: (Why is the Colombian currency devalued more than the others in the region?) The devaluation of the Colombian peso is due to various global and local factors, mainly what is happening today with the global economy. His path is intertwined with national events and with the Creation of the Bank of the Republic of Colombia in 1880 by President…

In the last days the board of directors of the Banco de la República voted to bring its interest rate down to 12.75 percentdecision that influences the cost of credit.In addition, the interest certificate by the market authority was 45.27 percent effective per year, the highest registered so far this century and which mainly affects those who plan to take a loan.(Also read: Usury rate reaches the highest peak of this century, 45.27%). Thus, taking on debt today, whether with credit cards or consumer loans, is almost twice as expensive as a year ago. And those who do will have…