Economy

Unions ask Petro not to affect the institutional framework in services – Sectors – Economy

Unions ask Petro not to affect the institutional framework in services – Sectors – Economy

The National Trade Union Council asked President Gustavo Petro "to continue working together within the framework of the Constitution and the law, with the aim of solving the challenges in terms of coverage and quality" of public services throughout the country and thus continue consolidating the great achievements that have been built in terms of home public services”.Similarly, the union expressed its concern regarding the decisions announced by the president to assume regulatory functions which are currently at the head of the Energy and Gas Regulation Commission (Creg) and the Drinking Water and Basic Sanitation Regulation Commission (CRA). In addition,…
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Former Vice Minister Belizza Ruiz warns that «there is a risk of blackout in Bogotá» – Sectors – Economy

Former Vice Minister Belizza Ruiz warns that «there is a risk of blackout in Bogotá» – Sectors – Economy

The few advances in some transmission projects and the non-completion of an electrical substation have Bogotá and Cundinamarca on the brink of a blackout.The warning was made by Belizza Ruiz, former Vice Minister of Energy, in a Facebook Live with EL TIEMPO. She also said that the Southwest faces the same risk because there are serious problems in some transmission lines.(Also read: Belizza Ruiz on Irene Vélez: "I would like a different person in Minminas") Was it responsible for Minister Vélez saying that there will be no new oil contracts based on a study with serious flaws? Beyond the responsibility…
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Remittances: thanks to devaluation, families received  billion more – Sectors – Economy

Remittances: thanks to devaluation, families received $5 billion more – Sectors – Economy

The households that receive money orders from relatives who work abroad received almost five billion pesos more than what would have come to them if the peso had not weakened as it did in 2022.According to the Bank of the Republic, remittances broke their record for the eighth consecutive year, and 9,429 million dollars arrived in the country for this concept, an increase in dollars of 9.7 percent.(Also read: Dollar in Colombia: what is the reason for its downward trend?) But the harsh devaluation of the peso last year —which was concentrated in the second semester with 18 new dollar…
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Pension reform: details of what pension unions and associations are proposing |  jubilation |  my finances

Pension reform: details of what pension unions and associations are proposing | jubilation | my finances

Another of Gustavo Petro's key reforms, the pension, progressed in its construction process, with the presentation of the proposals of the unions and of Asofondos and Fasecolda before the subcommittee defined by the Ministry of Labor. (See: Minhacienda rules out that Colpensiones can become a bank).The unions arrived with a list of 30 points, among which the strengthening of Colpensiones and the elimination of private funds stand out; an old-age income of one minimum wage for people over 65 years of age without the possibility of retiring, which is a position of the public administrator; and the increase in pensions…
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