October 3, 2025
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Colombian economy

Foreign Direct Investment Grows in ‘Other’ Sectors as Petroleum, Mining Decline: Banco de la Republica

The latest quarterly report from Colombia’s currency regulator (Banco de la Republica) shows that foreign direct investment (FDI) in petroleum and mining in Colombia during first quarter (1Q) 2016 dropped sharply year-on-year (y-o-y), to US$1.2 billion, from US$3 billion in 1Q 2015. However, FDI in “other” sectors (outside of petroleum and mining) rose sharply y-o-y, to
Colombian economy

Colombia Successfully Confronts ‘El Niño’ Thanks to Power Diversification

Medellin-based XM — Colombia’s free-market electric-power trading organization – announced February 2 that despite the “El Niño” drought phenomenon that has cut hydropower capacity, thermoelectric generators have more-than taken-up the slack. As a result, Colombia isn’t experiencing the power blackouts suffered during the 1992 drought – which is great news for
Colombian economy

Colombia’s GDP Slows, but Antioquia New-Businesses Growth Comparatively Robust

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 total number of start-up businesses registered with Colombia’s various local