domingo, febrero 28, 2021



No more coca, but organic limes

When the first shipment of Colombian limes from "Persian Limes" arrived at organic fruit specialist Eosta in Waddinxveen last week, they came with a very nice surprise. On the 800 boxes of fresh green limes, almost a hundred postcards were stuck with personal messages from the farm workers of the...

How Ivan Cepeda Helped a Terrorist Evade Extradition

Senator Ivan Cepeda, the mastermind behind the sham “case” against former President Alvaro Uribe, is the FARC’s main political ally in Colombia, and he is proud of his support for the Marxists insurgents who terrorized Colombia for the last half century. When senior FARC commander Jesus Santrich was first indicted by a U.S. federal grand jury in...

Low crude prices threaten private oil producers in Colombia

Private oil companies in Colombia will cut production, reduce exploration and some could close all together if crude prices stay at current levels and production costs remain high, the head of the private producers association said. The Andean country has worked to entice private investors, last year awarding a number...

Foreign direct investment in Colombia jumps 25% year-on-year; exports hit record

 Colombia’s Ministry of Commerce, Industry and Tourism (“MinCIT)”) announced May 3 that Colombia’s exports of goods and services in 2019 hit a record US$25.29 billion, while foreign direct investment (FDI) in Colombia soared 25.6% year-on-year, to US$14.49 billion. FDI in the commerce, restaurants and hotels sector jumped by 85.7% year-on-year,...

SURA full-year 2019 net income jumps 27.9% year-on-year; hits all-time record

Medellin-based multinational insurance, pensions and finance giant Grupo Sura on February 27 reported a full-year 2019 27.9% hike in net income year-on-year, to COP$1.7 trillion (US$523.8 million) – an all-time high. Revenues also rose 13.3% year-on-year, to COP$21.9 trillion (US$6.68 billion), while expenses rose less -- by 12.3%. While Sura’s...

Nutresa full-year 2019 profits rise 5.2% year-on-year

Medellin-based multinational foods manufacturer Grupo Nutresa on February 21 reported a 5.2% year-on-year net income boost for full-year 2019, to COP$513 billion (US$152 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 13.5% year-on-year, to COP$1.3 trillion (US$385 million), while sales jumped 10.5% to COP$9.9 trillion (US$2.9 billion). For...

China’s strong push into Colombia

China's interest in what the International Monetary Fund ranks as South America's fastest-growing economy is deepening. Within the last three months, China's Zijin Mining Group Co Ltd bought a gold mine in Colombia, and a consortium led by China Harbor Engineering Co won a contract to build the Bogota metro system. Colombia's...

Colombia, Bolivia, Ecuador and Peru to eliminate roaming charges

Bolivia, Colombia, Ecuador and Peru will begin removing international roaming rates in voice and data communications as part of an initiative to boost integration and modernization between the Community of Andean Nations (CAN), the block’s secretary said Wednesday. The announcement came at the 50th-anniversary celebration of the organization, which promotes...
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