Economy

The Financial Superintendence of Colombia announced this Friday that by February the usury rate will be 45.27% annual cash for the modality of consumer and ordinary credit.This result represents an increase of 201 basis points (2.01%) compared to the previous period. In January the figure was 43.26%. (You can also read: Belizza Ruiz: "Did Minister Irene Vélez lie? Yes, and I have the proof") For the microcredit modality, the rate is 39.20% and is valid from January 1, 2023 to March 31, 2023.Regarding consumption of low amount, the rate will be 29.37%. These rates correspond to the current bank interest…

The unions of the electric power and natural gas sector joined the request of the Creg to ask President Gustavo Petro to maintain the independence of the regulatory bodies of the country before his decision to directly and personally assume control of public services.(You can also read: Creg responds to Petro: 'Regulatory bodies must be independent') "It is essential to guarantee legal certainty, which allows for reasonable and stable rules, and to maintain the independence of regulatory entities, to ensure the reliability of the systems and, therefore, of the electricity and natural gas services, preventing situations that put the continuous…

The former Vice Minister Belizza Ruizto whom President Gustavo Petro exercised his resignation last Friday, assured that in the Ministry of Mines and Energy "they were violating" the principles in professional practice and accused his immediate boss, Minister Irene Vélez, of yelling at her, of lying and even putting people on boards of directors who should not be part of it.(You can also read: Irene Vélez: 'I have detractors outside and within the Government') In an interview with Cambio, Ruiz assured that what motivated her to leave the vice ministry was that "they were violating" the principles in professional practice.…

The government's decision not to award new oil contracts brought a cloud of uncertainty for companies that have been investing in the country for years. But beyond the announcement itself, what causes the most concern is that this measure is based on a document that has been in the midst of controversy.First, because its preparation was attributed, among other people, to the former director of Hydrocarbons, Camilo Rincón, who assured that this was not true and that he did not authorize his name to be included as co-author of the 'Balance of hydrocarbon contracts and resources available for the energy…