Colombia's fintech industry will experience positive progress in 2025, setting the trend in the payments sector, with innovation and consolidation of current systems.
If 2024 was a good year thanks to the transformations in the region in terms of technological innovation and a regulatory…
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Colombia
Unemployment in Colombia fell to 9.1 % in October
The National Administrative Department of Statistics (Dane) published the unemployment figures for the month of October, showing a drop in the index and placing it at 9.1 %.
The figure “represents a slight improvement compared to the…
Colombia to resume electricity sales to Ecuador
Colombia will resume the sale of electricity to Ecuador to alleviate the crisis in the sector that causes power outages of up to 12 hours a day in the country.
According to the Minister of Mines and Energy of Colombia, Andrés Camacho, and…
European Union ratifies FTA with Colombia, Peru and Ecuador
European governments have met all the requirements for the formal ratification of the Free Trade Agreement (FTA) with Colombia, Ecuador and Peru, as announced in a statement on Monday.
In the case of Peru and Colombia, “the agreement has…
Venezuela and Colombia signed cooperation agreement in border cities
The governments of Venezuela and Colombia signed an agreement on October 3 to strengthen cooperation in border matters, specifically in aspects such as security, economy and environment between San Cristóbal and Cúcuta.
The challenges in…
Colombia and Japan signed an agreement to strengthen energy and industrial production
During the first Joint Committee between Colombia and China, both nations signed an agreement to deepen cooperation in key sectors, such as energy production, use of clean energy, industrial capacities and bioeconomy.
The meeting was…
Colombia evaluates granting a safe-conduct to Venezuelan migrants so they can work
Venezuelan migrants in Colombia who have requested asylum could receive a safe-conduct from the country's Foreign Ministry. This was announced by Ana Karina García, director of the Juntos se Puede Foundation.
García explained that those…
Latin America estimates growth in solar energy by 2025 at 15 %
Growth estimates for Latin America in solar energy could be between 10 and 15 % on average per country in 2025.
This was stated by Sergio Rodríguez, service manager of Solis, one of the largest manufacturers of photovoltaic inverters in…
Fiscal deficit increases in Brazil, Mexico, Chile and Colombia
The risk rating agency Fitch Ratings issued its report on the fiscal deficit in Latin America for the first half of 2024, where an increase is seen in Brazil, Mexico, Chile and Colombia. On the other hand, it highlights the improvements in…
Beware of ransomware: International Cybersecurity and Anti-Money Laundering Forum
Cybersecurity and anti-money laundering are critical priorities in today's business environment. The International Forum on Cybersecurity and Prevention of Money Laundering – III Edition, a virtual event to be held on August 28, 29 and 30,…
Colombia will make a budget cut of $20 billion to adjust public spending
Colombia announced a budget cut, amounting to $20 billion dollars, to comply with the fiscal rule. The measure was formalized through decree 766 of 2024.
The adjustment to the budget represents, according to Colombian government sources,…
IDB estimates a growth of fintechs in Latin America of 340 % in six years
The Inter-American Development Bank (IDB) recently presented a report estimating that the growth of fintechs in Latin America and the Caribbean, in six years, has been 340 %, with Mexico, Colombia and Brazil at the top of the segment.
“At…