Colombia Business News

In today’s Colombia Business News Recap, the Calarcá scandal erupts as revelations show he was released despite ongoing criminal activity; President Gustavo Petro lashes out at Attorney General Luz Adriana Camargo, amid growing tensions over the government’s failing “Total Peace” strategy. Follow Colombia Business News Recap on Youtube: https://youtube.com/playlist?list=PLZMOEQ4sdP_8c20GDngWKanPat...

In this week’s Colombia Business News Recap, Gustavo Petro’s tax reform collapses 9 to 4 in committee and he threatens an “economic emergency” after swapping short-term liquidity for long-term debt; Prosecutor Lucy Laborde seeks preventive detention for Nicolás Petro, the president's son, over alleged corrupt contracting in the Atlántico department; Colombia has become a net importer of natural ga...

In an era of shifting global economic alliances, few countries find themselves more strategically positioned than Colombia. Caught between the massive state-backed investment initiatives of China and the established political and economic influence of the United States, Bogotá’s policy decisions have never held higher stakes for investors, the region, or especially, the country’s own citizens. At...

The "premium international dating" (PID) industry, a global business often stereotyped or misunderstood, sits at the intersection of globalization, technology, and shifting cultural norms. It is an industry that raises complex questions about gender, economics, and the very nature of romantic relationships in the 21st century. To understand this complex field, Finance Colombia’s Executive Editor,...

Colombian aviation company Alma Air S.A.S., has recently received a favorable opinion from the Technical Advisory Committee on Aerocommercial Affairs (CTAA) of the nation’s Civil Aviation Authority (Aerocivil), which allows Alma Air to initiate its formal certification process under the air taxi service modality (Similar to FAA Part 135), utilizing both amphibious and land-based versions of the Ce...

Sweden has been in the news recently in Colombia. Yes, Ikea has been establishing a presence in Bogotá and Medellín, and the Grupo Familia consumer packaged goods company is now part of Essity, but notably, Colombia has chosen to upgrade its 1970s era tactical fighters with Saab Gripen fighter jets manufactured in Sweden. The price tag has not been announced on the deal, but several years ago, the...

While there are now some notable Latin American “Unicorns,” the region has lagged behind others when it comes to developing a venture economy. Then still, within Latin America, Colombia has until recently punched below its weight in attracting venture dollars. This may be changing now, and some intrepid Venture Capital firms are betting on Colombian talent and the country’s technology infrastructu...

Ambassador George Hodgson represents the British Embassy in Bogotá, Colombia which works to strengthen bilateral relations, promote trade and investment, and foster cultural and educational exchange between Great Britain and Colombia. This year marks the 200th anniversary of diplomatic relations between the two countries. Finance Colombia’s executive editor Loren Moss recently met with Ambassador...

In this week's Colombia Business News Recap, Collective Mining keeps finding gold, President Gustavo Petro threatens the private sector with "forced investments," General Motors to close its Colombia factory, Alvaro Uribe is formally charged with bribery and witness tampering, Colombia to open 5 more consulates in the US, the US opens work and summer job visas to Colombians, the mammoth UNGRD scan...

In this week’s Colombia Business News Recap: Canadian Sacha Lemaire Lepage facing Narcotics, Firearms & Wildlife Abuse Charges In Colombia   https://www.financecolombia.com/canadian-sacha-lemaire-lepage-facing-narcotics-firearms-wildlife-abuse-charges-in-colombia/ Jimmy Carter’s Colombia Blacklist Revealed  https://nsarchive.gwu.edu/briefing-book/colombia/2024-04-15/jimmy-carters-colombia-blac...

In this week’s Colombia Business News Recap for April 13, 2024:   Gringos gone wild!  “Cannabis Jimmy,” Californian pot producer caught near Medellín. https://www.policia.gov.co/noticia/ciudadano-estadounidense-realizaba-tours-cannabicos-extranjeros-sabaneta  Colombian  economic growth stalls , 277,000 jobs lost in January & February alone. https://openknowledge.worldbank.org/bitstreams/5a4de9...

In this week’s Colombia Business News Recap for April 4, 2024: Petro’s health reform buried in the Colombian senate Geopark (NYSE: GPRK) launches a stock buyback Avianca launches flights to Montreal & Paris, but gets fined for unfair competition New Colombian Public Debt ETF launched Antioquia’s governor asks for public donations to complete highways Improvements in the road connecting Medellí...

In this Finance Colombia exclusive, Francisco “Pacho” Santos sits down for an in-depth interview with Loren Moss to discuss current events in Colombia. Santos is the former vice president of Colombia under Alvaro Uribe, and former Ambassador to the United States during the Ivan Duque administration. Santos is equally outspoken and fluent in English as he is in Spanish, and shares his opinion on: P...

In The Colombia Business News Recap for March 16 2023: Why did the US release one of Colombia’s 10 most wanted criminals after he crossed the border illegally from México into Texas? President Gustavo Petro’s frustration is reaching the boiling point as his “revolutions” fail and he calls for a constituent assembly (constitutional convention). JetSmart launches domestic operations in Colombia Luz...

Covered in this podcast of Colombia Business News Recap with Loren Moss https://lorenmoss.com/ brought to you by Finance Colombia https://www.financecolombia.com/ Colombia’s President Gustavo Petro’s Struggle to Name An Attorney General. Petro’s improvisational governance causing wide ranging problems for Colombia. · Medellín’s Mayoral Runner Up & Quintero relative kicked out of city council....

Colombia Business News Recap: November Post Election Analysis, Rising Insecurity in Colombia Electoral recap and analysis: https://www.financecolombia.com/what-jumps-out-musings-about-colombias-local-elections-and-context-regarding-the-rebuke-of-president-petro/ Hope Is Fading for Petro’s Total Peace After Díaz Kidnapping and Suspension of EMC Negotiations: https://www.financecolombia.com/hope-is-...

It’s election season, so lots of political news: No surprise there. · Daniel Quintero abruptly resigns amidst multiple scandals · Tecnoglass moves HQ to Miami · Nasty double assassination in Medellín: Is it political? · Bribery charges against Alvaro Uribe are revived. · NY Mayor Eric Adams visits Colombian border with Panamá. · 6 Colombian assassins assassinated in Ecuador · Ikea opens in Bogotá...

Like Colombia’s own “Hunter Biden” saga, President Gustavo Petro’s son Nicolás has been arrested after his scorned ex-wife accused him of taking over $100,000 USD from a narcotrafficker for his father’s political campaign—and then spending the cash on himself! Justice served…or political witch-hunt? Also in this week’s Colombia Business News Recap: Is Mayor Quintero to blame for this year’s lame F...

Colombian Air Force Crash, Petro scandal takes weird turn, Uribe acolyte charged with corruption... It’s been a quiet week in Lake Guatavita as vacation season arrives in Colombia. Laborers receive an extra paycheck mandated by law, and June sees three national holidays during the month, plus one at the beginning of July. Congress is out of session, and many are on vacation. · Colombian Air Force...

This week at Colombia Business News Recap, host Loren Moss takes a deep dig into Colombia’s precious metals mining sector with Paul Harris, the organizer of the Andes region’s most important mining sector events , now expanding to México as well. The two discuss recent trouble at Zijin Continental Gold’s Buriticá mine and the Petro Administration’s response (or lack thereof). Some positive develop...

In this week’s episode: Gustavo Petro calls for an end to free markets and laments the fall of the Berlin Wall – original video of his speech here. Berlin government information on the Berlin Wall and its victims here. Marta Lucia Ramirez implicated in unfolding Italian bribes scandal, while her husband’s firm is involved in a legally imperiled construction project in San Andrés, Colombia. Origina...

The rapid growth of Barranquilla-based Tecnoglass (NYSE: TGLS) makes the company seem like a high-growth startup, but the Colombian-origin aluminum and glass manufacturer just celebrated its 40th birthday. In Colombia, the company is well known as a socially conscious national champion, but even though over 90% of its products are exported to the United States, the company still has only around 1%...

In this edition: Colombia rejoices as four children ages 1-13 years old found alive 39 days after plane crashes into deep jungle. President Gustavo Petro’s own Nannygate scandal involving his chief of staff turns deadly as a key witness, a police lieutenant colonel is found dead of an apparent suicide, and violent protests by Petro’s supporters leave another officer responding to riots in a coma....

In this edition: · Hidroituango is finally generating (a little bit of) electricity, but only one bidder showed up for Daniel Quintero’s public tender to finish the project. · Peru has lodged a formal protest against Colombia’s President Petro, accusing him of meddling in their affairs. · President Petro has announced plans to purchase 16 new combat jets—after running on a platform opposing new fi...

In this week's Colombia business news recap: - Tecnoglass continues to break records - EPM postpones the bid process to finish Hidroituango for the fifth time - Mayor McMeat and the cattle ranchers - Emerging new restaurants among Latin America's best - Tax Reform has passed (That means big tax hikes!) Events to attend: CGS Medellín 2022 – November 8-9 https://colombiagold.co/ Miami Rum Renaissanc...