Economy

Colombian businessmen will not have it easy this year either when it comes to obtaining financing for their projects and investments. High interest rates, runaway inflation and the imminent slowdown in the economy will prevent them from seeking resources not only with banks, but also through the capital market, which last year had the worst year in its recent history with an overwhelming drop in private debt issues.(Also read: Dollar traded this Monday at an average of $4,550.53, price from 4 months ago) Indeed, in 2022 there were only 16 issues of bonds and other debt securities worth 2.49 trillion…

The minimum wage had an increase of 16 percent for this 2023, reaching $1,160,000. In addition, the transportation aid increased by 20 percent, reaching $140,000, according to President Gustavo Petro in December 2022. In a study carried out by elempleo.com and the consultancy Talent Advisor, they indicated qualities are the best paid jobs in Colombia between 2022-2023. There, highlight that professionals in Bogotá earn an average of $160,000 more than those who work in Medellín and close to a million more than employees on the Caribbean Coast, so they will have the same educational level.After studying the salaries of different…

To contribute to the energy transition through the generation of green energy, EDF Colombia and Refocosta partnered to build the power generation plant with biomass from eucalyptus cultivation largest in the country. The plant will be located in the municipality of Villanueva, Casanare, and will have a total installed capacity of 25 megawatts. The energy will be supplied entirely to the Ecopetrol Groupthrough an agreement with Gecelca.(Also read: 'The energy transition will take time': Treasury credit director) "With the incorporation of energy from biomass to Ecopetrol's supply matrix, we contribute to the decarbonization of our operations and continue to give…

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