Economy

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…

Colombia sold to the world last year thermal coal, metallurgical coal and coke worth 11.7 billion dollars, thus doubling what was exported during 2021 and achieving a record, thanks to the best prices in the international market.(Also read: Oil: what is keeping crude oil prices up?) The figures are from the National Federation of Coal Producers (Fenalcarbón)which indicate that in thermal coal, the second export product, the country operated the 9,500 million dollars with more than 65 million tons.The union also showed that in crude metallurgical coal, the 15th export product, more than 2 million tons in volume were sold…

Although on October 27, 2022, after the arrival of the government of President Gustavo Petro, the board of directors expressed its support for the Ecopetrol management team and its president Felipe Bayón, in the meeting that was held yesterday the decision was made not to continue in office.He will be in charge of the oil company until March 31day on which the General Assembly of Shareholders is traditionally held each year.(Also read: Ecopetrol: how many resources will the oil company leave the Nation in 2023?) Bayón became President in September 2017 and was the one who led the transformation process…

The dollar in colombia keep going downhill the fall of 7 pesos registered yesterday is added to the four of the last days and leaves the representative rate of the market (MRT) effective for today Thursday at 4,538 pesos, some 272 pesos below the record at the beginning of the year (4,810.2 pesos) and a difference of more than 500 pesos compared to the more than 5,000 pesos reached just two months ago.(You can also read: Dollar: why is its value falling in Colombia and the world?) A dollar above 4,538 pesos has not been seen for more than three…