Economy

The mix of factors such as the possible reduction in the rate of increase in interest rates by the United States Federal Reserve, a strong oil price due to the reopening of China and the lower internal uncertainty of the country led to the dollar in Colombia to lose this week 83 pesos.(You can also read: Creg responds to Petro: 'Regulatory bodies must be independent') The US currency was quoted lower all week except Friday and closed at an average price of 4,548.25 pesos, that is, about 500 pesos less than a little over two months ago, when it was…

As of July 15, 2023, all workers will go to their workplace one hour less per week. Of the current 48, the workday it will have 47 by law. Of course, companies may not reduce the salary of employees in any case. Otherwise, they will be exposed to sanctions.This reduction is due to Law 2101 of 2021, which was led by the former senator of the Democratic Center Alvaro Uribe and which determines that the Colombian working day will gradually decrease until reaching 42 hours a week in 2026.(You can also read: Creg responds to Petro: 'Regulatory bodies must be…

In addition to being the founder and director of the Growth Laboratory at Harvard University and a professor at the Kennedy School of Government at the same academic institution, Ricardo Hausmann is a great connoisseur of the Colombian reality. Born in Venezuela and author of countless texts, he will arrive in the national territory next week to talk, among other topics, about the so-called 'green transition'. About, The academic maintains that for most countries the emphasis of their development policies should be to help decarbonize the planet, not from the point of view of reducing their own emissions, but rather…

Crisis is a word that the Royal Spanish Academy of Language defines as "profound change with important consequences in a process or situation". Undoubtedly, the term reflects the sentiment that has spread through various sectors of the Colombian economy as a result of decisions already adopted by the Petro administration or readjustments that it wants to promote.After the lethargy typical of the Christmas season and the start of the year, the signs of momentous transformations appeared from the second week of January. in such a way, areas such as road infrastructure, hydrocarbons and electricity, entered a state of alert.(Also read:…