Colombia’s economy contracted 16.65% in May versus the same month a year ago as ongoing measures to curb the spread of coronavirus hit production, the government’s statistics agency said.
A bilateral trade agreement between Colombia and the United Kingdom has passed in Colombia’s plenary senate session and now passes to the Andean nation’s lower house for approval. <br />
The legislation seeks to maintain uninterrupted trade access, terms and conditions between Colombia and the UK that have existed under the Colombia – European Union agreement.
Colombia’s majority state-owned oil company Ecopetrol denounced on Sunday the sabotage of 31 wells at an oil field in the northeast of the country, which put the wells offline and led to oil being spilled.
The Nicolás Maduro regime blames Venezuelan migrants for the increase in the spread of the coronavirus in Venezuela while hundreds of these emigrants, pushed by their limited survival options, remain stranded in makeshift camps in different cities of Colombia waiting to be able to cross into their country.
More than two months after the coronavirus pandemic triggered worldwide lockdowns, much of the world is gradually reopening. But Latin America remains highly isolated by travel restrictions across the region.
LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador, and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees.
Avianca is the second-largest carrier in Latin America, but its passenger operations have been grounded since March because of coronavirus. It said the pandemic had cut more than 80% of its income, and it was struggling with high fixed costs.
Venezuela's government said it foiled a marine incursion on Sunday by “terrorist mercenaries” who attempted to enter the country on speedboats from neighboring Colombia.
Colombia’s Ecopetrol said on Monday it raised US$ 2 billion through more than a doubly subscribed bond issue. Majority state-owned Ecopetrol issued 10-year paper due April 29, 2030, with a 7% yield.
A retired Venezuelan general has turned himself over to Colombian authorities after the United States charged him with drug-trafficking and offered a reward for his capture, local media reported. Cliver Alcala turned himself in on Friday to the Colombians, who in turn handed him over to US authorities, the El Tiempo de Bogota newspaper said.