Colombia President Juan Manuel Santos and Fuerzas Armadas Revolucionarias de Colombia (FARC) leader Timoleon (“Timochenko”) Jimenez formally signed a cease-fire agreement June 23 in Havana, Cuba, a key step before any final “peace agreement” deal would be signed.
The latest Manpower survey of employers in Colombia shows that Medellin companies plan to boost hiring by 14% during third quarter (3Q) 2016, second only to Bucaramanga (up 24%) for all of Colombia.
At a June 17 press conference at the World Economic Forum in Medellin, Coca-Cola FEMSA (Latin America) CEO John Santa Maria joined with PepsiCo Latin America CEO Laxman Narasimhan and Postobon (Colombia) president Miguel Escobar in unveiling a nationwide “Healthy Future” campaign aiming to educate consumers on diet and exercise regimes to avoid obesity.
Medellin’s growing international reputation as a center for high-profile events took another big step forward June 16-17 with some 800 participants at the prestigious World Economic Forum (WEF) 2016 Latin America regional conference.
The 2016 edition of Medellin’s “Festival Internacional de Tango” steps-out June 17 through June 26 in a spectacle of dance, violins, bandoneones and vocalists.
Cormagdalena – the Colombian government agency overseeing a proposed dredging project for the Magdalena River that would dramatically boost freight movements – announced June 12 that project developer Navelena SAS failed to meet a June 11 deadline to obtain financial close on the COP$2.5 trillion (US$877 million) project.
The June 2016 edition of Bitacora Economica (Economic Analysis) from Colombia’s national retail trade association (Fenalco) shows that Antioquia (Medellin’s department) has the best “corruption index” of all Colombia’s departments (states).
The Corficolombiana-Iridium “Covipacifico” consortium announced June 9 that they’ve reached financial close on the crucial “Pacifico 1” divided-highway project linking Medellin’s southern suburbs (Ancon Sur) to the Cauca River at Bolombolo – and connecting to new “fourth generation” (4G) highways all the way to the Pacific port of Buenaventura.
Colombia’s gross domestic product (“PIB” in Spanish initials) dipped to a 2.5% annual rate in first quarter (1Q) 2016, according to the national government’s economic statistics agency (Departamento Administrativo Nacional de Estadística, DANE).
Antioquia Governor Luis Perez announced June 15 that legal issues have now been resolved with the COP$1.8 trillion (US$603 million), 9.8-kilometers-long “Toyo Tunnel” project that will link Medellin to new freight ports in Uraba (Caribbean coast).