Economy & Finance

Nutresa 2018 results February 2019

Medellin Herald July 11, 2019

Nutresa Full-Year 2018 Net Profits Jump 20% Year-on-Year Medellin-based multinational processed foods giant Nutresa announced February 22, 2019 that its full-year 2018 net income rose 20% year-on-year, to COP$508 billion (US$155 million). Earnings before interest, taxes, depreciation and

Economy & Finance

Medellin, Antioquia Likely to See 3% GDP Growth in 2018: Chamber of Commerce

Medellin Herald March 16, 2018

The Chamber of Commerce of Medellin for Antioquia (CCMA) projects that Antioquia likely will see 3% growth in gross domestic product (“PIB” in Spanish initials) this year, up from 2.2% last year. As noted in a March 15 bulletin from Confecamaras (the Colombian national association of chambers of commerce), Antioquia out-performed Colombia nationally last year, […]

Economy & Finance

Power Generators, Transporters, Utilities Warned of Big Changes Coming at Medellin Event

Medellin Herald September 27, 2017

At a September 26 event celebrating the fiftieth anniversary of Medellin-based ISA — Colombia’s national electric-power transmission operator and power-market trading hub – speakers praised ISA for revolutionizing and rationalizing Colombia’s power industry. In a speech here at Medellin’s Plaza Mayor convention center, Colombia President Juan Manuel Santos recounted

Economy & Finance

Export Sectors Boost Antioquia’s Economy: Banco del la Republica

Medellin Herald March 22, 2017

Colombia’s Banco de la Republica (BR, the state bank) found in a new study that Medellin and the surrounding Antioquia department are generally out-performing the national economy, especially in certain export sectors. In its latest report comparing fourth-quarter (4Q) 2016 to 2015, BR concludes that “the economy of Antioquia in the fourth quarter [2016] exhibited […]

Economy & Finance

Colombia’s GDP Growth Dips to 2.5% Rate: DANE

Medellin Herald June 6, 2016

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). While the over-all Colombian economy has taken a hit this year from the global crash in oil prices and mining profitability,

Economy & Finance

Antioquia’s Banana Growers Seeing Big Jump in Exports: Augura

Medellin Herald March 3, 2016

The Medellin-based national trade association for Colombia’s banana growers (“Asociacion de Bananeros de Colombia,” also known as “Augura”) announced March 2 that 2015 exports jumped 14% year-on-year (y-o-y), to 94 million 20-kilogram (kg) boxes. Augura, which represents 75% of all Colombian banana acreage, notes that the major producing areas are Uraba (Antioquia),

Economy & Finance

Antioquia Economy to Grow 3.3% in 2016: Medellin Chamber of Commerce

Medellin Herald February 24, 2016

The Chamber of Commerce of Medellin for Antioquia (CCMA in Spanish initials) announced February 23 that it expects the Antioquia departmental economy to grow by about 3.3% this year, down from 3.6% in 2015. The latest economic outlook indicates that 2016 “won’t be easy for the country nor for the [Antioquia] region,” CCMA calculates. Among the global […]