image description

October 2012

October 3, 2012

Colombia Reports

Colombians will seek to break the Guinness World Record next year with their traditional Sanjuanero Huilense dance. On June 30, 2013 the country club of the capital Neiva in the southwest Huila department will host an event with 500 couples performing the traditional Colombian dance for five minutes to break the Guinness World Record. The point of the event is not only to hold a place in the world renowned Guinness Book, but also to exalt and demonstrate the importance of the culture of the region and take a social step forward in the name of the traditional folkloric dance.

October 19, 2012

El Universal

Trade relations between Colombia and Venezuela have entered on Friday a new stage, following the entry into force of the Partial Scope Agreement (AAP). The legal instrument will regulate bilateral trade, the Colombian Ministry of Trade, Industry and Tourism reported on Thursday. The AAP, the discussions of which finished off in February under the guidelines of the Latin American Integration Association (Aladi) will allow the entry of Colombian exports into the Venezuelan market free from tariffs, the ministry explained.

October 24, 2012

QSRweb.com

Burger King Worldwide today announced an exclusive restaurant development agreement with Fondo Escala Capital and Promotora to further develop brand in Colombia by more than 100 new points of sale within the next five years. As part of the transaction, Fondo Escala Capital and Promotora have agreed to acquire a majority stake in Kinco S.A.S., currently a franchisee of Burger King Worldwide.

October 24, 2012

Associated Press

Pope Benedict XVI has named six new cardinals, adding prelates from Lebanon, the Philippines, Nigeria, Colombia, India and the U.S. to the ranks of cardinals who will elect his successor. Pope Benedict made the surprise announcement during his weekly general audience Wednesday and said they would be elevated at a consistory Nov. 24.

October 23, 2012

JTA

Colombian President Juan Manuel Santos was awarded the Shalom Prize for his commitment to seeking peace in his country and worldwide. The prize, bestowed Tuesday at a ceremony in Bogota, is awarded by the Latin American chapter of the World Jewish Congress based in Buenos Aires. “Both the people here and the people in Israel have been seeking peace for decades,” Santos said upon receiving the award.

October 26, 2012

Colombia Reports

Any tour of Colombia’s second city Medellin should include a visit to the charismatic Parque de los Deseos, or Park of Desires. Located at the feet of the Universidad metro station in Medellin’s northern zone, the Park of Desires, or Parque de los Deseos as it is locally known, has a number of personalities depending on when you go.

October 31, 2012
October 29, 2012

Reuters

Mexico's top cement maker Cemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from Oct. 29 to Nov. 6, the company said.

October 29, 2012

Colombia Reports

The Brazilian bank Itau Unibanco, the largest bank in the southern hemisphere, will open branches in Colombia, local media reported on Monday. The bank, currently the tenth largest bank in the world by market value, will deal primarily in large projects in mining, oil and infrasturcture sectors through its corporate branch Itau BBA.

October 29, 2012

Colombia Reports

The Brazilian bank Itau Unibanco, the largest bank in the southern hemisphere, will open branches in Colombia, local media reported on Monday. The bank, currently the tenth largest bank in the world by market value, will deal primarily in large projects in mining, oil and infrasturcture sectors through its corporate branch Itau BBA.

October 26, 2012

Reuters

Colombia's central bank expects economic growth in 2013 similar to the levels expected this year of between 3 percent and 5 percent, the monetary authority's chief said on Friday.

October 18, 2012

Fox News Latino

A total of 37 domestic and foreign companies bid a combined $2.64 billion for 49 Colombian oil blocks, Mines and Energy Minister Federico Renjifo said Thursday. He said the National Hydrocarbons Agency, or ANH, received the bids as part of the Colombia Round 2012 bidding process.

October 19, 2012

Colombia Reports

Colombia's second city Medellin was ranked as one of the top three most innovative cities in the world, and is in the running for the number one spot along with Tel Aviv and New York.

October 2, 2012

Washington Diplomat

Carlos Urrutia became ambassador of Colombia to the United States on Sept. 19. Throughout his career, Ambassador Urrutia has served in both the public and private sectors, including as managing partner of Brigard & Urrutia, the oldest and one of the largest law firms in Colombia, from 1999 to 2012. Prior to that, Ambassador Urrutia, who has been with the firm since May 1977, served as partner beginning in 1981.

October 3, 2012

Colombia Reports

Oil production in Colombia increased by nearly 7% in September compared to the same month last year, said the country's energy minister Tuesday. Minister Federico Renjifo revealed that production reached 956,000 barrels per day, a 6.97% rise compared to September 2011.

October 2, 2012

Reuters

Colombia unveiled a tax reform bill on Tuesday aimed at creating jobs, closing loopholes and simplifying the tax system, but not increasing the tax take as the Andean country was on track for record collections this year. Colombia's battle against corruption and evasion helped boost tax revenue 25 percent last year, to about 86.3 trillion pesos ($48 billion), and Colombia's tax office will likely collect a record 103 trillion pesos this year.

October 5, 2012

Colombia Reports

Famed Colombian author Gabriel Garcia Marquez received Mexico's highest honor from the National Institute of Fine Arts, presented to "outstanding figures in the world of theater, dance, arts, music or literature." Motivated by the 30th anniversary of Garcia Marquez receiving the Nobel Prize for Literature, the Mexican institute announced Tuesday that they will award the author with its own highest honor, the Fine Arts Medal.

October 8, 2012

The Bulletin Panama

The agenda of negotiating FTAs has advanced, but now businessmen need to work on developing more markets. For Colombia, the largest free trade agreement (FTA) is that with the US which was worked on for more than six years and entered into force on May 15 this year.

October 11, 2012

Colombia Reports

The central Colombian departments of Meta and Casanare and the northern Cesar department prospered last year due to mining activities, revealed the country's statistics office, Dane on Thursday. In 2011 the GDP of mining departments grew, Meta by 19.7%, Casanare by 15.1% and Cesar by 10.8%.

October 16, 2012

Colombia Reports

Colombian lovers of vintage cars are able to get a rare glimpse of the most sought after beasts on four wheels as 20 classic automobiles are weaving their way through the country on a 7,000-mile odyssey to Tierra del Fuego. A classic 1953 Bentley, a 1958 Aston Martin and a variety of other beautiful specimens including Mercedes Benz, Porsches, Jaguars and even an old Ford Escort took the walled city of Cartagena de Indias by storm upon their arrival early last week.

October 15, 2012

Orlando Sentinel

Colombian Foreign Minister Maria Angela Holguin will be in Orlando Tuesday to inaugurate the city's new Colombian consulate. … Nearly 38,000 Colombians live in metropolitan Orlando. Colombia is the fourth nation to have a consulate in Central Florida, joining Haiti, Mexico and the United Kingdom.

October 17, 2012

Bloomberg

Royal Dutch Shell Plc (RDSA) and Spain’s Repsol SA are among winning bidders at Colombia’s first government auction of oil and natural gas blocks in two years as the country seeks investment to boost reserves. South America’s third-largest oil supplier is also granting licenses to state-controlled Ecopetrol SA, Gran Tierra Energy Inc. and other producers after offering 115 blocks, according to preliminary results on the National Hydrocarbons Agency’s website.

October 16, 2012

Associated Press

North Dakota Agriculture Commissioner Doug Goehring says the state's first trade mission to Colombia in four years shows promise for a long and profitable trade relationship with the South American nation. Goehring and other members of the trade delegation returned from Colombia on Sunday. He says the trip was the beginning of a new effort to make North Dakota a main supplier of products to Colombia.

October 30, 2012

Colombia Reports

Tourism to the Colombian Caribbean is expected to increase next year with cruise ship passengers forecast to grow by 35%. For the dates October to May last year about 315,000 passengers visited the Colombian Caribbean with 7,000 going to Santa Marta and San Andres and 308,000 to Cartagena, this is compared to 350,000 which is expected for the same period for 2012/13.