Economy

The Dane revealed that by November 2022 the unemployment rate reached 9.5 percentwhich represents a drop compared to the 11.5 percent that occurred in the same month of 2021.(In addition: The usury rate rose and will be 43.26% in January) Similarly, the entity noted that the occupancy rate was 57.4 percent and the overall participation rate was 63.4 percent.Piedad Urdinola, the director of the National Department of Statistics, Dane, said that, in terms of gender, the gap continues to improve.By November 2022, the gap between the unemployment rate for women and that for men was 4.5 percent; this contrasts with…

The Dane revealed that by November 2022 the unemployment rate reached 9.5 percentwhich represents a drop compared to the 11.5 percent that occurred in the same month of 2021.(In addition: The usury rate rose and will be 43.26% in January) Similarly, the entity noted that the occupancy rate was 57.4 percent and the overall participation rate was 63.4 percent.Piedad Urdinola, the director of the National Department of Statistics, Dane, said that, in terms of gender, the gap continues to improve.By November 2022, the gap between the unemployment rate for women and that for men was 4.5 percent; this contrasts with…

The Financial Superintendence of Colombia announced that in January the usury rate will be 43.26 percent for the consumer and ordinary credit modality.With this change, the increase in the rate is 180 basis points with respect to the previous period. In December, the usury rate was 41.46 percent and was positioned as the highest since 2007, however, the record is now for January 2023This rate is the maximum interest that a financial institution can charge its customers for consumer and ordinary credit, such as credit cards.In the case of the rate for the microcredit modality, this will be 58.8 percent…

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…