Economy

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After it was learned this Thursday that Felipe Bayón will be in charge of Ecopetrol until March 31, the executive referred to this decision for the first time and assured that it was agreed. "We managed to have that conversation with the board of directors and reach an agreement point"said.Furthermore, he stated that "institutions and organizations must be preserved in life. People come and go and it is important in life to close cycles, and what better way than to leave with the satisfaction of having fulfilled your duty, having been part of Ecopetrol's transformation."(Read also: Ecopetrol: the departure of…

As a result of the rise that energy rates continue to register in the country, President Gustavo Petro announced yesterday that, temporarily and directly, will not delegate its functions to the commissions for the regulation of public servicesat least for a time."I am going to assume control, the general administration policies of Colombia, directly and personally, based on what the Law itself says: first, the general interest and that of the user," he said.(You may be interested in: Political reactions to Petro's announcement about regular services) He assured that his decision is based on article 370 of the Constitution and…

As planned, the board of directors of the bank of the republic At its first meeting in 2023, it will prolong a new increase in its intervention rate, number 12 in series, and will take it to 12.75 percent, a level that has not been observed since November 6, 1999. The new adjustment in the reference rate of the Colombian market was in line with what was expected by the majority of market analysts consulted by the bank itself and by the economic studies center Fedevelopment, although that majority pointed to 100 basis points and not the 75 of the…