The Ecopetrol Group confirmed that it will develop 13 new projects under the Works for Taxes modality. These and other stories in our periodic Royalties summary.
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.
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