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Colombia Overtakes its Neighbors as the Fastest-Growing Economy in the Region: The Economist

Colombia Overtakes its Neighbors as the Fastest-Growing Economy in the Region: The Economist

Supported by the investment boom, Colombian economy grew by 6.4% in the first quarter compared to the same period the previous year. The government is preparing to take a look at this year’s growth of up to 4.7%.

FURUKAWA Opened a Fiber Optics Plant in Colombia

FURUKAWA Opened a Fiber Optics Plant in Colombia

Japanese company Furukawa, with 130 years of experience in the infrastructure and communication networks sector, opened its new fiber optics plant in Palmira, Valle del Cauca, Colombia, becoming the first fiber optics manufacturer in the region, supporting its goals of providing better services to the domestic market and the Andean Region.

Colombia and Turkey enter into an Investment Agreement

Colombia and Turkey enter into an Investment Agreement

The Ministry of Trade, Industry and Tourism and the Turkish Embassy signed a promotion and protection agreement to encourage investments in both countries.

“Colombia Bring IT on”: Colombia’s Bet On Foreign Investment Promotion to Develop IT&C and Software

“Colombia Bring IT on”: Colombia’s Bet On Foreign Investment Promotion to Develop IT&C and Software

In order to position Colombia as one of the top investment destinations to develop new technologies, the Ministry of Information Technologies and Communications, MinTIC and Proexport Colombia introduced the Colombia Bring IT on campaign as part of the government’s efforts to foster the industry through the 2014-2018 Vive Digital Plan.

Colombia, Foreign Investment and Development Hub for the Cosmetics Sector

Colombia, Foreign Investment and Development Hub for the Cosmetics Sector

- Thanks to Proexport’s support, countries like The United States, Germany, Mexico, Peru, and The United Kingdom have invested more than $360 million USD in the country during the last 4 years through new cosmetics and toiletries manufacturing plants, as well as distribution and R&D centers. - This sector creates 34,000 direct and 90,000 indirect jobs in the country.

President Santos and Unilever Inaugurate the most modern powder laundry detergent plant in the world in Palmira Valle del Cauca

President Santos and Unilever Inaugurate the most modern powder laundry detergent plant in the world in Palmira Valle del Cauca

- Unilever has invested US$60 million in the new plant. - Over the last 3 years, the company has invested US$100 million in Palmira, including this new plant. - The plant will create 128 new direct jobs and 400 indirect jobs. - It is the first powder laundry detergent plant that Unilever has opened in Latin America in...

Invest In Colombia Magazine Article on Cocoa Production and Hotel Investment Opportunities to Support the Industry

Invest In Colombia Magazine Article on Cocoa Production and Hotel Investment Opportunities to Support the Industry

Proexport Colombia’s magazine is published in English, French, and Spanish, and is intended as an international entrepreneur guide, with details about all development efforts carried out in every region of Colombia and its main investment attractions. Now available for iOS and Android.

Financial Times: Colombia, an attractive place for buying and investing

Financial Times: Colombia, an attractive place for buying and investing

A recent article in the UK publication the Financial Times, highlights the new era in Colombia. The country’s new level of safety and its solid, developing economy are some of the elements that attract foreign investment and important brands like Dolce & Gabbana and the luxury hotel chain W Hotels.

Valle del Cauca, hub of development and foreign investment in the Pacific

Valle del Cauca, hub of development and foreign investment in the Pacific

The Valle del Cauca ranks third among destinations for foreign investment in the country according to data recorded by the Central Bank of Colombia (2013).

Hero MotoCorp, the largest motorcycle manufacturer in the world, comes to Colombia

Hero MotoCorp, the largest motorcycle manufacturer in the world, comes to Colombia

With the help and management of Proexport, Hero MotoCorp began to build a motorcycle assembly plant in Villa Rica, Cauca, with an investment of US$37 million. This is the company’s first plant outside India, and from there it will concentrate its operations for Central and South America.

Colombia and France sign an agreement to protect investments

Colombia and France sign an agreement to protect investments

The Minister of Trade, Industry, and Tourism, Santiago Rojas, and the Ambassador of France in Colombia, Jean-Marc Laforet, signed an agreement on the reciprocal promotion and protection of investments (APPRI) in order to promote bilateral trade.

Colombian economy grew 6.4% in the first quarter

 Colombian economy grew 6.4% in the first quarter

According to reports from the Central Bank of Colombia, the GDP figure of 6.4% registered in the first quarter of the year was much higher than the issuer’s expectations (4.8%). Likewise, the indicators for sales and for Colombians’ confidence performed well between April and June.

It’s Time to Turn to Colombia: La Vanguardia

It’s Time to Turn to Colombia: La Vanguardia

According to an article by the Spanish newspaper La Vanguardia, Colombia is the only Latin American economy expected to grow more in 2014 compared to the previous year. The country is well known as a source of oil and minerals with a growing manufacturing sector.

Colombia and Japan Approve an Investment Agreement

Colombia and Japan Approve an Investment Agreement

According to the Ministry of Trade, Industry and Tourism of Colombia, the agreement will promote and attract investments from Japan into the country. Japan is a target for Colombia’s commercial aspirations, considering that it is one of the major economies in the world, and the country is a beacon of growth and technological and economic development.

Bogota, Medellin and Cali among the 20 Most Attractive Cities for Investments

 Bogota, Medellin and Cali among the 20 Most Attractive Cities for Investments

According to the 2014 Urban Investment Attraction Index (Indice de Atractividad de Inversiones Urbanas, INAI), a survey by the Del Rosario University’s Competitive Strategy Planning Center (Centro de Pensamiento en Estrategias Competitivas, Cepec) and Chilean firm Inteligencia de Negocios, state that Bogota, Cali, and Medellin are among the cities offering the best advantages for international investment in Latin America. Political...

IHG to Invest in New Hotels in Colombia

IHG to Invest in New Hotels in Colombia

According to its 2014 investment plans, InterContinental Hotels Group (IHG) will soon open three new hotels in Colombia: InterContinental and Holiday Inn Express in Cartagena, and Holiday Inn Express in Bogota’s business district.

FDI in Colombia improved 9 times in 10 years: UNECLAC

FDI in Colombia improved 9 times in 10 years: UNECLAC

According to the latest report by the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), Colombia received FDI worth $16.77 billion USD in 2013, growing by 8% compared to the previous year, as well as displaying a significant support to job creation with a total of 67,000 new jobs in the last three years.

Bogota: The Best Business Environment in South America

Bogota: The Best Business Environment in South America

According to the first edition of Ranking of South American States of the Future, a study carried out by the FDI Magazine of the Financial Times Group, placed Bogota as the city with the best business environment, an important trait to have which increases how attractive foreign investors will view Bogota as a center for business.

Colombia, a Strategic Investment Hub in Latin America: IBM

Colombia, a Strategic Investment Hub in Latin America: IBM

IBM recently inaugurated its third data center, investing a whopping 17 million dollars in Colombia. Creating the most advanced cloud computing and Big Data center in the country. The company is preparing to reach its next goal of processing business operations that equal half of the country's GDP

The Top Five Most Attractive Departments for Foreign Investment in Colombia: Atlántico, Bolívar, Valle, Santander, and Risaralda

The Top Five Most Attractive Departments for Foreign Investment in Colombia: Atlántico, Bolívar, Valle, Santander, and Risaralda

The Financial Times, stated that Atlántico, Bolívar, Valle, Risaralda, and Santander are the Colombia’s regions which stand out for providing the best cost-benefit ratio for investors; which means that business owners will achieve a higher economic result while only having to make a smaller investment.

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Its steady growth, macroeconomic stability, tax incentives, strategic location, trade agreements, among other variables, make Colombia an excellent choice for your investment.

International observers and the three major rating agencies recognize a tradition of good economic management, historical performance of its obligations, macroeconomic responsibility and institutional stability.

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SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."



SNC - Lavalin

  "
The Canadian company SNC-Lavalin specialized in building and engineering services acquired the
Colombian firm Itansuca Proyectos de Ingenieria. The company expects to establish itself
in the local market through the offer of new projects."



Starwood Hotels & Resorts

  "The American hotel chain Starwood Hotels & Resorts started construction of The Ocean Towers project in Cartagena.
This project includes a tower for hotel purposes and another for apartments. The hotel opens in march 2012."



SEB

  "The French enterprise SEB Group specialized in household products acquired the 68% of the Colombian firm IMUSA.
With this transaction the French company expects to get into the Colombian market through its strategy of local brand purchasing."




Proexport Colombia  is the bureau in charge of tourism, foreign investment and export promotion in Colombia.

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