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Colombia

Colombia to Sever Diplomatic Ties with Israel

On Wednesday morning, Colombian President Gustavo Petro declared the severance of diplomatic ties with Israel effective Thursday, May 2nd. This announcement unfolded during a speech...

Housing Prices Surge in Colombia Amid Economic Flux

In 2023, Colombia experienced a notable 12.4% increase in housing prices, positioning it as the third highest globally, according to Asobancaria. This escalation followed significant jumps in Turkey and Poland. The rise in Colombia reflects...

Colombia Advances in Health Reform with Key Congressional Support

Last weekend, President Gustavo Petro boldly initiated critical and pivotal health reforms across Colombia. Interior Minister Luis Fernando Velasco announced new laws were forthcoming after...

Ecuador and Colombia Strike Vital Energy Deal

Ecuador has partnered with Colombia to secure a crucial 6.2 gigawatts of power hourly,...

General Motors Shifts Strategy in South America

General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision...

Colombia’s Nationwide Protests: A Struggle Against More Government Control

Colombia has seen a significant surge in public protests. Tens of thousands have demonstrated in cities such as Bogotá, Medellín, and Cali. They express deep...

Colombia’s Housing Crisis Deepens with 15-Year Low

Colombia's housing market is in its toughest period in 15 years, with sales down 17.7% from January to March...

Colombia’s IMF Renegotiation Debate

Colombian President Gustavo Petro is actively seeking to renegotiate the terms of the nation's loan agreement with the International...

Colombia Emerges as Leader in LatAm M&A Amid Regional Slowdown

In early 2024, Colombia was Latin America's only major market to experience growth in...

Colombia Faces Stubbornly High Inflation Despite Efforts

In 2023, Colombia's inflation rate has remained well above the central bank's target of 3%,...

Petro’s Diplomatic Balancing Act in Venezuelan Politics

Recent interactions between Colombian President Gustavo Petro and key Venezuelan opposition figures have ignited discussions within Venezuelan opposition circles. Petro's...