Economy

The peso rose as much as 1.3 percent today following a June 1 report that showed the monthly inflation rate soared to 0.93 percent in May, more than double the…

“If the U.S. economy does well, it favors the perspective that the inflow of dollars from export sales will remain high,” Álvaro Camáro, chief analyst at Stanford Financial Group’s unit…

Montecz, C & C Energy, Hupecol, Winchester, Petrominerales, Petrocolombia, Conequipos, and Union Temporal Omega are only some of the companies to extract oil from Colombian soil.The companies have been coming…

Industrial production rose 1.35 percent compared with 15.26 percent in the 2007 first quarter, the government said. In March industrial output fell 9.43 percent from the same month a year…

The bank’s goal this year was to prevent inflation would go lower than 3.5% or higher than 4.5 percent, but admits inflation is most likely to be 4.9%.

U.S. Congressional Democrats have blocked passage of the pact, saying that conservative President Álvaro Uribe has not done enough to crack down on right-wing militias that have killed hundreds of…

“The objective is to take advantage of the current exchange rate,” Zuluaga said in his announcement as the peso explores nine-year highs. Colombian international debt spreads tightened after the announcement…

In the second month of 2008 the number of people with a job reached 18,5 million, which is over half a million more than a year ago. Colombia now counts…

Economic authorities of Colombia say that even the recession in the United States won’t stop the strengthening of the Colombian economy.The government has calculated a five percent growth of Colombia’s…