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Entrepreneurship and industry upgrades drive innovation in Colombia
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Despite the difficulties in securing long-term financing for research, Colombia’s innovation environment is starting to benefit from structural measures. Efforts to raise IT usage in companies and households is supporting innovation efforts and galvanising domestic entrepreneurs. Modernisation schemes targeting industrial clusters are helping to develop a culture of innovation within established…

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Peace deal and agro-industry development allow Colombia to realise its agricultural potential
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Poised to grow at an exponential rate in the following years, Colombia’s agriculture sector will be the first to see the benefits of the signing of a historic peace agreement between the government and FARC, a guerilla group that has waged armed conflict in the country for more than half a century. Land, affected by inequality in both distribution and ownership and its impact on rural activity,…

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Colombia's ICT sector grows with increased IT usage
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The rapid development experienced by the Colombian economy has been matched by the progressive adoption of IT by firms and end users. Although the reduction in oil export earnings is causing budgetary constraints, authorities continue to invest in improving access to IT and telecoms services for Colombians, as well as supporting digitalisation efforts across economic sectors. The ongoing implementation…

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Colombian education addresses geographical differences and workplace needs
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As Colombia’s government implements various measures to help drive the acceleration of development across all economic sectors, education remains an important area of policy execution. In light of the goal of transforming the country into the best educated in Latin America by 2025, structural improvements in primary, secondary and tertiary education have gained new momentum. The 2014-18…

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Colombian telecoms operators adapt to rising competition and data demands
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These have not been easy times for Colombia’s telecoms industry. Accustomed to growth averaging an annual rate of 7% over the past 15 years, the sector registered a 2% decrease in 2015. Competition and a more robust regulatory framework have helped reduce prices for voice and data, as well as improve service quality. Though some aspects of regulation need revision, the sector continues to…

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Peace, investment and promotion drives tourism in Colombia
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Despite Colombia’s extensive natural beauty and bustling cities, its tourism industry has traditionally underperformed relative to its actual potential. Much of the sector’s performance was previously tied to the security situation and the government’s long-running conflict with the armed militant group FARC. In recent years the security situation has improved greatly, and in November…

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New legislation and public health bodies expand medical coverage in Colombia
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On February 17, 2017, two years after being signed into law, the Statutory Health Law (Ley Estatutaria de Salud, LES) entered into force. The most significant change to Colombian health care in nearly 25 years, the LES makes health care a fundamental right of citizens, and this legal change has wide ramifications for the provision of services. While the regulation surrounding the LES is still…

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Colombia's recent tax changes and regulations
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The new tax reform is aimed at generating structural changes to the Colombian tax regime, with the purpose of redistributing the tax burden between legal entities and individuals, supplying better audit tools to the tax office, and avoid, in as much as possible, the creation of new taxes and/or the increase in the rates of the currently existing ones. The new tax code also includes a new regime…

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Legal reforms boost Colombia's standing in global markets
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Colombia has a modern institutional framework to foster and maintain economic stability, including separation of government groups and functions. The aims of the government are to keep unemployment and inflation down, modernise the country’s infrastructure, develop its agriculture sector, and further stimulate the tourism and real estate sectors, as well as housing and innovation. Low inflation,…

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Colombia Hotel Listings
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RICHMOND SUITES Calle 93 #18-81, Bogotá T: (+57) 1 623 5623 www.richmondsuiteshotel.com Rooms: Junior suites and master suites; all rooms are designed with everything you need. Free Wi-Fi, international TV channels, air conditioning and safe. Business & Conferences Facilities: 4 rooms prepared for all types of events, such as meetings and conventions. Business spaces are equipped with…