Empresa de Energía de Bogotá (EEB) is a utility holding created in 1896 with a presence in the segments of electricity generation in Colombia, through Emgesa; electricity distribution in Colombia, via Codensa and Empresa de Energía de Cundinamarca (EEC); gas transport in Colombia, through TGI; gas distribution in Peru, via Calidda and Contugas...
Ecopetrol is the largest corporation in Colombia, one of the 50-largest oil and gas companies in the world, and one of the four largest in Latin America. Its controlling shareholder is the Colombian government with an 88.5% stake. It plays a key role in the economy, since oil and gas represent more than half of the country’s exports, and its...
Colombia’s banking system is strong and has been enjoying double-digit percentage growth in its loan portfolio. Despite a relative slowdown in economic growth, bank profitability has held up well, as has capital adequacy and return on equity (ROE).
Colombia has launched what is known as the fourth generation (4G) road concession programme, which is a major public-private investment initiative. Work on designing the programme first began in 2011. The first 4G concessions were awarded four years later in 2015, with the first construction work commencing in November 2015.
In late October 2015 the World Bank released its report “Doing Business 2016: Measuring Regulatory Quality and Efficiency”, which ranked a total of 189 countries worldwide for the ease with which 10 specific business processes can be performed. They are: starting a business, dealing with construction permits, getting electricity, registering...
Mauricio Cárdenas, minister of finance and public credit, has acknowledged that the Colombian budget for 2016 is under pressure. In November 2015 in a statement to the press he calculated that as a result of the drop in international oil prices the government would face a revenue shortfall of COP20.3trn ($7.5bn) in the period between 2013 and...
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