Wednesday, September 20, 2017

Cormagdalena – the Colombian government agency overseeing a proposed dredging project that would dramatically improve freight movements on the Magdalena River – announced January 31 that project developer Navelena now faces a February 22 deadline to present a new financing scheme.


Thirty-six-year-old Israeli expat Chagai Stern came to Medellin three years ago, riding a comet that has carried him to the starry heights of fame, fortune and friendships with some of the world’s biggest movers-and-shakers.


Expat Taxes for USA 2016 Tax Year: Avoid Confusion

Wednesday, 01 February 2017 10:39 Written by

Editor’s Note: The following column was written by IRS enrolled agent and chartered financial analyst (CFA) John Ohe of Hola Expat Tax Services. Medellin Herald does not specifically endorse the author’s opinion; this column is for general information only and should not be construed as personal tax advice.


Medellin-based national textile and fashion industry trade association Inexmoda announced January 26 that the 2017 edition of the just-completed Colombiatex trade show resulted in US$326 million in business deals – up 4% year-on-year.


Colombia’s national finance agency (Financiera de Desarollo Nacional, FDN) announced January 25 that it approved a COP$300 billion (US$102 million) provisional credit for the under-development “Vias del Nus” highway project linking Medellin northward to the Rio Magdalena and then connecting to key Caribbean ports including Cartagena and Barranquilla.


Plaza Mayor convention center management announced January 20 that they will host more than 600 international and national events in 2017, while recent infrastructure upgrades will help show-off Medellin’s increasingly popular business-tourism opportunities.


The International Monetary Fund (IMF) and the World Bank this month issued nearly identical 2.6% and 2.5% growth projections for Colombia gross domestic product (GDP) in 2017.


Medellin’s decades-long battle to overcome logistical isolation from world markets took two more steps this month as highway concessionaire Devimed partially cleared a huge landslide blocking the Medellin-Bogota highway -- and the crucial “Mar 2” project linking Medellin to Atlantic ports also finally got its financial close.


Colombia-based multinational ceramic-products maker and basic materials producer Corona announced January 10 the launch of construction on a 1.35 million tonnes/year cement and 3,150 tonnes/day clinker plant at Sonson, Antioquia, about 50 kilometers east of Medellin.


Editor's Note: The following article -- originally authored in Spanish by Colombia Ministry of Health economist Jhon Gonzalez Lindarte -- is reprinted by special permission granted to Medellin Herald by El Pulso, the monthly newsletter published by Medellin-based San Vicente Fundacion.


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SILLETEROS PARADE 2016 by JOHN AND DONNA STORMZAND (click to enlarge)

MEDELLÍN PHOTOS by Gabriel Buitrago (click to enlarge)

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About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

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