Economy

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During his participation in the World Economic Forum that takes place in Davos, Switzerland, the president of Ecopetrol, Felipe Bayón, highlighted the importance of continuing to have oil while Colombia advances in the energy transition.“Ecopetrol could be 10 percent of Colombia's budget. The country still needs the funds through dividends, royalties and taxesat the same time that we are leaders and we lead the transition not only in Colombia but also in the region”, he assured.(Also read: Colombia will not sign more oil and gas exploration contracts) The president of the oil company also stated that Colombians are going to…

After Aerocivil annulled the first refusal that it gave to the business integration request that it requested from Avianca and Viva Air, due to "a substantial irregularity in the administrative action process," the low-cost airline assured that this decision leaves a light of hope for its permanence in the market.In addition, Viva Air reiterated that this operation is the "unique option to obtain financing capital that allows it to continue its operation and provision of the essential public service".(Also read: They confirm the nullity of the integration process between Avianca and Viva: What's next?) "The detailed review of the resolution…

At a press conference, the Civil Aeronautics conceded that it annulled the decision made in the first instance in the process of integration between Avianca and Viva Air.This is due to a substantial irregularity in the administrative action in the process. (You can also read: The agony of Coltejer: history of the crisis of the emblematic company) The entity said that it has already notified the operators of the resolution confirming said nullity. However, the airlines will not have to carry out the new procedure for their integration again. The request would be the same. What will happen is that…