Colombia expects its oil production to rise to above 800,000 barrels per day next year thanks to output from new fields and technology applied to existing projects.
Whilst Colombia’s oil industry will attract about US$3.5 billion in 2009 from foreign investors, roughly the same amount as last year, Armando Zamora, the head of Colombia’s [...]
November 30, 2009 | Posted in
Energy |
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Colombian coffee exports in the last two months of the year are unlikely to surpass 1.6 million 60-kilogram bags, Colombia’s National Coffee Exporters Association, Asoexport.
Asoexport President Jorge Lozano told Dow Jones Newswires that based on the latest figures for production, which have shown no signs of a recovery from weather problems, it’s no longer realistic [...]
November 11, 2009 | Posted in
Economy |
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Colombia & India signed a bilateral agreement for the promotion and protection of investment in New Delhi on Tuesday to encourage reciprocal business ventures between the two nations. The agreement with India is a move by Colombia to break into the Asian market.
The Minister for Commerce, Industry and Tourism, Luis Guillermo Plata, [...]
November 11, 2009 | Posted in
Economy |
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Colombia’s stock exchange is gearing to list its first foreign firm in the coming weeks as it prepares to further open its market to international investors.
Canadian oil and gas producer Pacific Rubiales Energy Corp will be listed “in the coming weeks,” said Juan Pablo Cordoba, president of Colombia’s Stock Exchange , Bolsa de Valores de [...]
November 6, 2009 | Posted in
Banking & Finance |
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The number of tourists travelling to Colombia’s major cities continued to rise significantly in the first half of 2009, despite serious security concerns & despite the global economic crisis.
The country’s three biggest cities, Bogota, Medellin & Cali, are suffering a soaring crime rate resulting from the ongoing fight between criminal gangs over the control over [...]
November 5, 2009 | Posted in
Economy,
Latin America |
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Up to 1,000 investors from Latin America & Asia are expected to take part in the third China-Latin America business summit, next month in Bogota.
Director of the China Council for the Promotion of International Trade, Lei Hong, said that there is “important progress and investment cooperation that exists between businessmen from both sides, that are [...]
November 2, 2009 | Posted in
Economy |
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