VISAS: Visitors from most countries do not require a visa for stays of up to 90 days on holiday or 30 days on business. Travellers are highly recommended to travel with a printed return ticket, along with the address for their stay, be it a hotel or a residence. Visitors on a 90- or 30-day visa can...
The economy has largely outperformed its neighbours in Latin America in terms of GDP performance in recent years. The global economic slowdown has affected growth, yet Colombia’s economy grew by 4.6% in 2014, compared to an average of 1.4% in the region. A settlement with the country’s largest rebel group is expected to lead to a peace dividend for...
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...
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...
As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies. In 2015-16 it has demonstrated resilience, absorbing a significant oil price shock, with petroleum accounting for roughly half of total exports. It has managed...
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