Economy

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…

This Friday was inaugurated in the municipality of Aipe, Huila, the primer for solar park in the south of the country and the third that will supply the Ecopetrol Group. Its construction was in charge of AES Colombia and it cost 21.2 million dollars.Even though President Gustavo Petro had confirmed his attendance at this inauguration, he had to cancel just a few minutes before the start of the event. On behalf of the Government, the Minister of Mines and Energy, Irene Vélez, was present.The Brisas Solar Ecopark, in 49,000 solar panelsIt joins the Castilla (21 megawatts) and San Fernando (61…

The share of the Colombian oil company Ecopetrol fell 2.34 percent this Friday in the negotiations of the Colombian Stock Exchange (BVC) where in the first hour of the country's stock market the title was traded at 2,630 pesos. Said fall occurs just hours after the decision of its president, Felipe Bayón, to leave office at the end of next March was known. Earlier the company's title reached a decrease of 3.34 percent to 2,603 ​​pesos, compared to a close yesterday of 2,693 pesos.(Also read: The alleged pressure for Felipe Bayón to leave the presidency of Ecopetrol) Undoubtedly the correction…

yesterday's announcement of President Gustavo Petro about wanting to get their hands on the rates of some services, such as energy, is supported by article 370 of the Constitution and article 68 of Law 142 of 1994, as highlighted in a conversation held with regional leaders in Duitama ( Boyacá), which, despite being supported by law, causing great controversy due to its effects on the market.(Also read: Uncertainty in the electricity sector due to Petro's announcement. Experts give their opinion) It is not the first time that the president of the Colombians alludes to assuming the functions of the Energy,…