Wednesday, May 27th, 2020
The Covid-19 pandemic has catalyzed changes in different sectors of the economy. The automobile sector is not the exception.
Colombia’s Central Bank (BanRep) modified its projections for the national budget, taking into account lower Brent prices.
Brazil’s Petrobras (NYSE: PBR) announced negotiations to sell its assets in Colombia.
The president of the Colombian Association of Entrepreneurs (ANDI), Bruce Mac Master, catalogued Colombia’s labor panorama as “pessimistic.”
The union has advocated for solidarity towards industry workers in these difficult times, yet sent a statement to the Constitutional Court rejecting the Decree that creates the so-called “Solidarity Tax”.
Colombia is still an attractive destination for foreign investment, despite falling commodity prices and the Covid-19 crisis.
Communities are protesting at Ecopetrol’s (NYSE:EC) Casabe field, denouncing alleged irregularities in the award of a transportation contract in the departments of Antioquia and Bolivar.
2020, Hydrocarbons Colombia, All Rights Reserved.
