News

Our president Iván Duque spoke about his proposal to readjust the minimum wage for the year 2022. The president stated that a 10.07% increase could be achieved, which would leave it at approximately $1 million, of course without taking into account the transportation subsidy. His words were: “Our goal is that we can reach, we … Read more

the Board of Directors of Banco de la República carried out the monetary normalization process and reached the decision to raise the interest rate by 50 basis points, up to 3%. This decision was made by a majority vote of the board. The decision was made taking into account that inflation surprised on the upside … Read more

Indicators to be considered for 2022 We must take into account that the minimum salary 2022 was established through Decree 1724 of December 15, 2021, as well as the transportation allowance 2022, which was regulated through Decree 1725 of December 15, 2021. The 2022 integral salary will continue to be composed of a salary factor … Read more

The annual variation was higher than market analysts’ estimates. CPI in December was 0.73%. The general increase in prices in 2021 was 5.62%. This was announced last night by the Dane, which delivered the results of the CPI variation. According to the statistical entity, in December the figure was 0.73%, which brought the annual inflation … Read more

Colombia ended 2021 with an annual inflation of 5.62 %, the highest in the last 5 years. It should be clarified that inflation is rising worldwide due to the effects of the pandemic. According to data provided by the National Administrative Department of Statistics, the sectors with the most important variations in inflation last year … Read more

The price of the dollar and its arrival again at $4,000, increases the concern of investors and citizens who seek to find the reason for the sudden rise in this currency and the tendency to continue increasing in the long term. Analysts in Colombia talk about the reasons for this rise that has been a … Read more

Iván Duque, President of the Republic, announced that March 11, 2022 will be the first VAT-free day of this year. “Today I also want to convey a message: the first VAT-free Day of this year will be on Friday, March 11, so that we can liquidate inventories, help trade, we can help our economy also … Read more

If the economic growth forecasts for 2021, 2022 and 2023 are met, the average annual expansion of the economy from 2019 through 2023 would be 24% Banco de la República published its January Monetary Policy Report for 2022, where it revised up its forecast for Colombia’s economic growth for 2021 from 9.8% to 9.9%. Taking … Read more

Pursuant to Article 1 of Law 52 of 1975, the employer must pay to its employees no later than January 31 of each year the interest on severance payments liquidated as of December 31 of the immediately preceding year, which corresponds to 12% per annum on the balances of the severance payments liquidated. As provided … Read more

The National Administrative Department of Statistics also revealed that this data, when compared to the last pre-pandemic year (2019), shows a growth of 2.8%. One of the economists of Scotiabank Colpatria business group, stated that this figure shows the consolidation of a continuous growth of the country, however, he warned that “we still have a … Read more