Economy

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…

In 2022 air transport in Colombia had record numbers of mobilization of passengers. Cut to November, more than 43.58 million people have been mobilized to and from the different terminals in the country. Compared to the figures for 2019, the year in which the highest number of mobilized passengers had been registered with 41.3 million, a growth of 16.2 percent. If the period between January and November 2022 is compared with the same as in 2021, the market grew 64.3 percent.(Also read: What are the most expensive tolls in Colombia?) According to the figures reported by the airlines, 29.86 million…

2023 will arrive with an increase in the prices of air tickets on behalf of the VAT increasewhich will go from 5 percent to 19 percent, as of January 1st.According to the Minister of Transportation, Guillermo Reyes, one of the options that airlines are contemplating to Lower costs and not to significantly impact prices, is to reduce staff.(Also read: As of November, Colombia achieved a record for passenger transportation through airports) "Talking with airlines and tourism companies, they point out that one way they consider to not impact the price of tickets is reduce operating costs, personnel and equipment that…

The announcement of the national government that a permanent tariff of 40 percent is established on imported clothing, the maximum consolidated allowed by the World Trade Organization (WTO) and that had been established in April 2021, but was valid for two years. But unions like the National Federation of Merchants, Fenalco, and the National Association of Foreign Trade, Analdex are against the measure.The president of Fenalco, Jaime Alberto Cabal, said that the proposed measure is a setback that will affect Colombian consumers."The imposed tariff of 40 percent is a setback within globalization and the economic opening of the country and…

This Tuesday, December 20, the deadline for companies and employers in the country to pay their employees the year-end bonus, also known as the Christmas bonus. (Calculate how much premium you should get). Those who do not make the payment of this benefit or do not do so in a timely manner on the set date, may entail restrictions contained in the law, of up to 5000 Current Minimum Legal Monthly Wages.Employees who do not receive the premium may file a lawsuit before a judge, which could order the payment of the due benefit and even a possible penalty for…

Based on an analysis of the data from its platform, the Colombian-Mexican proptech La Haus revealed the proportion between homes purchased with investment fines and those purchased with the objective of being inhabited in the regions with the greatest real estate activity in Colombia. (The cancellation of new housing projects increases). As a result, compared to the national panorama, it will be prolonged that 21.28% of buyers acquire a property with the aim of investing, while 78.72% do so with the purpose of living in it.Antioquia, Bogotá, Caribbean and Valle del Caucawere the areas taken as a statistical sample.Likewise, the…

One of the most frequent resolutions among Colombians each beginning of the year has to do with the purchase of a home. (Alternatives to pay the down payment of a house). The first big step to achieving this goal is collecting the down payment, which can also become the first big hurdle if you don't have a plan that will allow you to carry out this plan.Usually, the only resources that people believe they have for a down payment on a home are their severance pay and, of course, their savings, which can be in CDT or in a 12-month…

In order to damage enough to the high evasion and fraud in the Compulsory Traffic Accident Insurance (Soat), the Government prepares a thorough surgery to attack this scourge, which guarantees the sustainability of this model. (The changes that the Soat will have in 2023 to correct its gaps). After the 50% discount of this policy for some vehicles came into force, the authorities will analyze how to make this model more viable and that they guaranteed coverage and also its financing. According to official calculations, insurers, of every 100 pesos they receive, extend 52% every two months to the Directorate…

Jaime Dussán, current president of Colpensiones, explained, this Saturday, December 24, the objective that the National Government has with the pension system Colombia and what would be done with the resources they have from savings. (See: What Petro thinks about raising the pension age in Colombia).The first thing I make clear is that The pension reform will take place in 2023 and would be focused on consolidating a single system for the country.He also said that they will look for a transition regime so that more people are listed in Colpensiones.Faced with the latter, he commented that they are devising…