Tuesday, February 18, 2020

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A new report from Colombia’s national federation of local Chambers of Commerce (Confecamaras) shows that while the growth of Colombia’s gross domestic product (“PIB” in Spanish initials) slipped in 2015 versus 2014, Antioquia continued to support a relatively robust growth of new businesses.


The 28th annual “Colombiatex” textile industry conference and trade show January 26-28 at Medellin’s Plaza Mayor convention center is expected to draw some 33,000 national and international visitors, more than 500 exhibitors and some 11,000 buyers.


Colombia government promotion agency ProColombia announced January 18 the expansion of its “Mipyme International” export business-development project, which now aims to boost exports of goods other than petroleum or minerals to a total of US$21 billion this year.


Unlike its floundering, oil-dependent neighbors in “socialist” Venezuela and Ecuador, Colombia’s capitalist economy and industrial output are showing resilience, as indicated by the latest Departamento Administrativo Nacional de Estadística (DANE) statistical survey.


Medellin-based electric power producer Isagen announced January 13 that a consortium led by a subsidiary of Toronto, Canada-based Brookfield Asset Management (BAM) paid COP$6.49 trillion (US$2.2 billion) for the Colombian government’s remaining 57% stake in Isagen.


Thanks to audacious investments starting 14 years ago, a new, 250-hectares private nature reserve near Medellin -- dubbed “Manantiales” -- can be seen as a font of renewed hope and restoration following Colombia’s decades of violence and environmental destruction. Leer más 


U.S.-based bond rater Fitch announced December 21 that it has affirmed a “stable” outlook for Medellin’s public debt.


The Agency for Cooperation and Investment of Medellin and the Metropolitan Area (ACI) announced December 16 that Medellin nabbed US$821.6 million in foreign direct investment (FDI) from 2012 to 2015 -- with FDI investments in 2015 alone breaking all previous records.


Medellin-based construction giant Conconcreto announced December 17 that it finalized a COP$289 billion (US$86 million) “strategic” investment deal whereby France-based global infrastructure project-development giant Vinci will take a 20% equity stake in Conconcreto.


The Agency for Cooperation and Investment of Medellin and the Metropolitan Area (ACI) and the Medellin Metro public transit agency announced December 10 that Medellin just won the global “Mobiprize Award” for a novel combination of zero-emissions metro-rail public transport with the growing “EnCicla” public bicycle system.


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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.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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