Investments and Business

Confirmed the increase in the minimum wage transportation aid, as well as the increase in public transportation fares in Bogotá for 2023, the subsidy will cover 47 TransMilenio tickets per month, from the readjustment that will begin on January 10. This figure comes from dividing the $140,606 in transportation assistance that Colombians who earn a minimum wage will receive, and $2,950 that each trip will cost in this transportation system, after the increase announced by the Bogotá Mayor's Office, at the end of last week. The readjustments also apply to taxi services and the integrated transportation system.​​According to the District…

This Saturday, December 31, the economic relief created in the Social Investment Law of the government of former President Iván Duque expires, as measures created to counteract the effects of the covid-19 pandemic. Programs like Solidarity income or VAT discounts on air tickets will disappear in 2023, situation that could affect the pocket of Colombians.solidarity income The director of the Department of Social Prosperity (DPS), Cielo Rusinque, establishes that Solidarity Income is no longer available and that this month the last transfer will be made to the beneficiaries. “The subsidy had been given in the framework of the pandemic to…

2022 has been a hectic year and has recorded a lot of economic news and a current agenda that has been marked by the presidential elections in which Gustavo Petro was elected president. And, with so much movement, it was almost impossible for 'apnocented' not to be registered. These false starts generate controversy at the time, and some are even still valid and in the memory of Colombians, as they produce uncertainty. This is the case of the recent statements by the president of Colpensiones, Jaime Dussán, on the use of pensions for infrastructure works.While some were cleared up, most…

During vacation times, it is common for several Colombian families to go to other cities in the country to enjoy their rest and that these trips are made by road. However, beyond enjoyment, car trips in Colombia have their 'buts': one of them is that the country is one of those in Latin America with the largest number of tolls, with about 180 (174 in total).Of these, 147 are managed by the National Infrastructure Agency (ANI) and by the National Institute of Roads (Invías). The other 34 are managed by the district, departmental or municipal governments, as appropriate.Take into account…

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They are more and more the industries that bet on caring for the environmentamong them the paper industry, which this year grew and obtained remarkable results with sustainable raw materials. According to a statement issued by the Chamber of the Pulp, Paper and Cardboard Industry, “The paper industry contributed 4.6% to the GDP of the national industry in 2022, the use of the figures reached 26.7% in virgin fiber from forest plantations with responsible management, 12.42% virgin fiber from sugarcane bagasse and 60.81% recycled fiber”. (We recommend: Why don't full reservoirs lower electricity rates?).The good results are accompanied by great…

Since the Gustavo Petro government came to power, much has been said about the continuity of some social programs that were born in the country during 2020, the hardest time of the covid-19 pandemic. One of those aids that has received the most attention has been Solidarity Income whose future is already defined: it will not continue in 2023.The director of the Department of Social Prosperity (DPS), Cielo Rusinque, had already spoken about it.“The subsidy had been given in the framework of the pandemic to mitigate effects. There were limited resources that they did not use and the previous government…

In terms of agricultural exports, Colombia is more than coffee, flowers and bananas. In the national territory there is a high potential to grow exotic fruits that are highly desired by multiple countries around the world; however, there are several constraints that are preventing these opportunities from being taken advantage of.An oversold above the others: the little exportable supplysince these fruits must meet special standards so that they can leave the country, different from those required when the destination is the national market.(Also read: Colombian mango can now be sold in the United States) It is inconceivable that there is…

When you hear the phrase "Venezuelan migration crisis," what images come to mind?If you Google that phrase, the photos you'll see show long lines of people carrying backpacks or dragging suitcases as they try or wait to cross a border; parents carrying small children, heartbreaking hugs, camping, exhausted faces.And it is that the migratory wave from Venezuela is the consequence of a huge economic debacle that between 2013 and 2021 reduced the GDP of that country by more than 75%, causing the departure to date of seven million people, of which about six million They are found in Latin American…