Investments and Business

The Christmas and New Year season once again revealed the poor condition of the roads that are part of Route of the Sun 2. For months there have been frequent gaps that make it difficult for vehicles to pass through this corridor, which in the past was in the hands of Odebrecht.(Also read: One more year of waiting for large-scale wind power to take off) To improve its current conditions, in December 2022 the act was acted on to start the new 5G concession Troncal Magdalena 1 (Puerto Salgar-Barrancabermeja). The total cost will be 3.8 billion pesos.The project has around…

Housing is undoubtedly one of the main life goals of thousands of Colombians and there are several financial reliefs to achieve it. One of them is Social Interest Housing (VIS) which is measured in minimum wages. In other words, the maximum price that construction companies can charge for homes of this category in large population centers is 150 Smmlv (current legal monthly minimum wages) and in areas with a lower population density of 135 wages, which meant for 2022 prices of $150 million and $135 million, respectively.Now, the prices will become $174 million and $156 million, which means an increase…

the colombian oil company ecopetrol issued 10-year bonds in the international market, obtaining resources from external investors for 2,000 million dollars, after they demanded up to three times the amount placed.(Also read: Colombia would go from growing 8% in 2022 to 1.3% in 2023: World Bank) Nearly 320 investors from the United States, Europe, Asia and Latin America showed strong interest in the securities that received a BB+ rating from the Fitch Rating Agencywhich indicates a low probability of default compared to other issuers rated in lower categories.The proceeds from said issuance will be used to prepay the balance of…

The salary increase for 2023 was defined at 16% after an agreement between the unions and unions. The foregoing means that it remained at $1,160,000 pesos. If we add the transport subsidy, which increased by 20%, in total, the minimum wage in Colombia corresponds to $1,300,606.However, the prices of some products and services also increase. One of the reasons is the variation in the consumer price index (CPI) with which it closed 2022: 13.12%, the highest figure in 23 years.So what will Colombian household spending be like by 2023? Although it is official that They deindexed 85 products, rates and…