Colombia Economy

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Articles & Analysis | Popular hotels around Colombia from The Report: Colombia 2019

 

HOTEL GRAND HYATT Calle 24 A #57-60 T: (+57) 1 654 1234 F: (+57) 1 654 1235 www.hyatt.com bogota.grand@hyatt.com Rooms: 211 king rooms, 111 double rooms and 50 suites with views of the city and the Andes; all rooms are non-smoking, and nine are handicap-accessible. Business & Conference Facilities: 24,000 sq feet of event space,...

 

LANGUAGE: Spanish is the official language, although more than 60 indigenous and Creole languages are spoken in various regions. English is also an official language in San Andrés, Providencia and the Santa Catalina islands off the northern coast. Business executives and senior government officials are frequently highly proficient in...

 

As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons were permanently settled in OECD countries....

 

Colombia is poised for expansion in 2019 and 2020, despite some internal and external challenges that have not abated since 2018. Regionally, economic growth in 2018 outpaced giants Brazil and Mexico, but trailed the smaller, yet more dynamic economies of Chile and Peru. In May of that year Colombia was invited to become the 37th member of the...

 

In May 2018 member states of the OECD formally welcomed Colombia as the 37th member of the organisation. The country is the third nation in Latin America and the Caribbean to join the group, after Mexico and Chile. The OECD has traditionally been considered an organisation for developed economies, sometimes being referred to as “the league of...

 

Colombia began 2019 with a raft of tax and fiscal reforms designed to stimulate local and foreign investment, though there are concerns that some of the measures may hinder growth in the short to medium term. Headlining the changes in the Financing Law, which came into effect on January 1, 2019, is the progressive reduction of corporate income...

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