Economy

When you hear the phrase "Venezuelan migration crisis," what images come to mind?If you Google that phrase, the photos you'll see show long lines of people carrying backpacks or dragging suitcases as they try or wait to cross a border; parents carrying small children, heartbreaking hugs, camping, exhausted faces.And it is that the migratory wave from Venezuela is the consequence of a huge economic debacle that between 2013 and 2021 reduced the GDP of that country by more than 75%, causing the departure to date of seven million people, of which about six million They are found in Latin American…

The controversial approach of the presidential candidate Gustavo Petrothe debate of EL TIEMPO and Semana, to take resources from the savings of members of private pension funds, to pay the current pensions paid by the State, freeing it from 18 billion pesos per year in the budget to use for those who do not have a pension, evoked, by analysts, the experience of Argentina, which took a similar measure, the consequences of which continue to be paid by its citizens.(You may be interested in: What is true and what is not of what Petro said about the pension system?) According…

2023 will arrive with an increase in the prices of air tickets on behalf of the VAT increasewhich will go from 5 percent to 19 percent, as of January 1st.According to the Minister of Transportation, Guillermo Reyes, one of the options that airlines are contemplating to Lower costs and not to significantly impact prices, is to reduce staff.(Also read: As of November, Colombia achieved a record for passenger transportation through airports) "Talking with airlines and tourism companies, they point out that one way they consider to not impact the price of tickets is reduce operating costs, personnel and equipment that…

The announcement of the national government that a permanent tariff of 40 percent is established on imported clothing, the maximum consolidated allowed by the World Trade Organization (WTO) and that had been established in April 2021, but was valid for two years. But unions like the National Federation of Merchants, Fenalco, and the National Association of Foreign Trade, Analdex are against the measure.The president of Fenalco, Jaime Alberto Cabal, said that the proposed measure is a setback that will affect Colombian consumers."The imposed tariff of 40 percent is a setback within globalization and the economic opening of the country and…