Colombian Economy Stalling, Alvaro Uribe Prosecution Advances, “Cannabis Jimmy” Captured
Finance Colombia
by Loren Moss
3h ago
In this week’s Colombia Business News Recap for April 13, 2024: Click above to watch the video Gringos gone wild! “Cannabis Jimmy,” Californian pot producer caught near Medellín. Colombian economic growth stalls, 277,000 jobs lost in January & February alone. Former President Alvaro Uribe’s prosecution moving forward under new attorney general. From 2018: Former Colombian President Álvaro Uribe Submits Resignation from Senate Amid Investigation From 2020: Breaking News: Former Colombian President Alvaro Uribe Under House Arrest Water rationing comes to major cities in Colombia due to ..read more
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US Government Pledges Medellín Mayor Federico Gutierrez Full Support Against Sexual Predators & Human Trafficking
Finance Colombia
by Loren Moss
3h ago
Medellín’s Mayor Federico “Fico” Gutierrez met this week with US Ambassador to Colombia Francisco Palmieri in Bogotá to discuss joint efforts against sexual predators and human trafficking. Ambassador Palmieri pledged the total cooperation of the US government and its resources to support Colombian law enforcement, and to bring any American perpetrators to justice, including extradition of American citizens to Colombia. Translation by Finance Colombia: Click above to watch video Ambassador Palmieri Thank you Mr. Mayor for accompanying us today In this work, a work group that we have establis ..read more
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Medellín ChatGPT & GenAI Connect Event Recap: March 2024
Finance Colombia
by Liliana Padierna
4d ago
A great time was had by all, and the event, held on the rooftop lounge of Medellín, Colombia’s Marquée Hotel was full to legal capacity with entrepreneurs, investors, executives and enthusiasts eager to network and fellowship around the common themes of generative artificial intelligence and related technologies. Click above to view the video highlights and performance! Produced by Ben Yurcisin https://www.linkedin.com/in/benyurcisin/ Frank Casale https://www.linkedin.com/in/fcasale/ Sponsored by Intu Global https://intu.global/ Finance Colombia https://www.financecolombia.com/ Co-Chairs ..read more
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Simón Bolívar Foundation and Baylor College’s Colombia Foundation Extend Initiative to Support Health Services in La Guajira
Finance Colombia
by Jared Wade
5d ago
The Simón Bolivar Foundation, a nonprofit foundation of US oil giant Citgo Petroleum Corporation, has extended its grant-sponsored partnership with the Texas Children’s Hospital and the Baylor College of Medicine Children’s Foundation Colombia to continue working together to support Colombians and Venezuelans in the department of La Guajira, one of the Andean nation’s poorest and least developed regions. With this formal extension of their working relationship, the two organizations noted that they will continue to give special special attention to Venezuelan children and mothers as they ..read more
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President Gustavo Petro’s Total Peace Under Threat from AGC in Colombia
Finance Colombia
by Insight Crime
5d ago
This article, produced by Henry Shuldiner, was originally published by InSight Crime, a Medellín-based foundation dedicated to the investigation and analysis of crime and security in Colombia and Latin America. Photo: “El Mocho” of the AGC is one high-profile arrest by the Colombian police. (Credit: Policía Nacional de Colombia) One of Colombia’s biggest criminal groups is expanding its reach, threatening to disrupt the government’s peace processes with other armed groups, a recent report found. The report published by the International Crisis Group in March describes how the ..read more
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Fitch Ratings Affirms Key Ratings for Colombian Utility ISA
Finance Colombia
by Editorial Staff
5d ago
New York-based ratings agency Fitch Ratings recently affirmed its key ratings of Colombian utility Interconexión Eléctrica S.A. E.S.P. (ISA) due to a low business risk profile, manageable regulatory risk, and indebtedness that matches expectations, among other factors. Specifically, the big three ratings agency affirmed the following ratings for ISA: long-term national rating at AAA(col) with a stable outlook short-term national rating at F1+(col) bond program rating at AAA(col) commercial paper program rating F1+(col) issuer default rating (IDR) in both foreign and local currencies   F ..read more
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US Social Security Federal Benefits Services to Visit Cali, Medellín, Bogotá, and Pereira from April 15-19
Finance Colombia
by Editorial Staff
5d ago
The United States Social Security Administration recently released the following notice for those living in Colombia and receiving Social Security or other federal benefits. Finance Colombia is posting the notice in full to help ensure affected readers see this important information.   The U.S. Embassy in Colombia is pleased to announce that representatives from the Regional Federal Benefits Unit will visit Bogotá, Cali, Medellín, and Pereira to offer services for U.S. Social Security and other federal benefits. Cali LocationCentro Colombo Americano Calle 13 Norte No. 8-45 Barrio Granada ..read more
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Avianca to Launch Direct Flight from Bogotá to Paris on July 3
Finance Colombia
by Editorial Staff
1w ago
Colombian airline Avianca will start flying from Bogotá to Paris on July 3 with a new route that will include five flights per week. The flight will be operated by a Boeing 787 Dreamliner and depart Bogotá at 1:25 pm, landing at 6:40 am at Charles de Gaulle International Airport, every Monday, Wednesday, Thursday, Friday, and Sunday. The return trip will leave Paris at 8:40 am, arriving at 12:40 pm back to El Dorado International Airport in the Colombian capital, on Monday, Tuesday, Thursday, Friday, and Saturday. “Thanks to the work articulated with governments, authorities, and airports in C ..read more
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Medellín’s Pervert Problem, Antioquia Has A Cow, Chickens Sacrificed in Bogotá, Petro Fails Again
Finance Colombia
by Loren Moss
1w ago
In this week’s Colombia Business News Recap for April 4, 2024: Click above to watch and listen! Petro’s health reform buried in the Colombian senate Geopark (NYSE: GPRK) launches a stock buyback Avianca launches flights to Montreal & Paris, but gets fined for unfair competition New Colombian Public Debt ETF launched Antioquia’s governor asks for public donations to complete highways Improvements in the road connecting Medellín to its international airport Economic uncertainty affecting foreign investment Corrupt prosecutor sent to jail Luis Carlos Sarmiento retires from Grupo Aval (NYSE ..read more
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EPAM Systems Acquires LatAm Software Development Company Vate
Finance Colombia
by Editorial Staff
1w ago
To broaden its tech portfolio in Latin America, US-based digital services firm EPAM Systems, Inc. (NYSE: EPAM) has acquired Vates S.A., a software development company with offices in Argentina and Chile. Founded in 1991, Vates has continued to expand and increase the services it delivers to clients, including software development, application testing, digital consulting, system integrations, big data analysis, and IT maintenance and support, according to EPAM. Its clients include news and information provider Thomson Reuters, regional telecom Claro, and financial services provider Bancor. “Vat ..read more
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