Dian Verifies Compliance with Electronic Invoicing Regulations

The Directorate of Taxes and National Customs (Dian) is cracking down on non-compliance with electronic invoicing regulations in commercial establishments. The Dian is conducting operations to verify whether businesses are adhering to the regulations that went into effect on April 1, 2023. Taxpayers with sales greater than 5 Tax Value Units (TVUs), which currently corresponds […]

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All You Need to know About Taxi Prices in 2023

If you are planning to take a taxi in Medellin in 2023, be prepared to pay a bit more. The Secretaría de Movilidad de Medellín has announced that the taxi fare will increase by 500 pesos, starting after the taxi meters are calibrated. This increase is based on the needs expressed by the taxi guilds […]

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Economy News

VivaAir Suspending Flights: What Is Going On?

Viva Air, the Colombian low-cost airline, may cease operations due to its ongoing financial crisis, affecting over a million customers who have purchased tickets. The company’s board of directors is said to have decided to ground its entire fleet and liquidate its assets. The airline’s finances have been under scrutiny, and the board concluded that […]

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Coltejer: A Tale of Rise and Fall in the Colombian Textile Industry

Coltejer, the leading textile company in Colombia, recently announced the liquidation of its last five employees and its decision to focus on selling its properties. This move marks the end of an era for the company, which played a significant role in the country’s industrial development. Founded in 1907 with just 12 workers and four […]

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Business Entrepreneurs Restaurants

Recovery of the Restaurant Sector in Medellín

If you have ever been to Medellin you will know that there’s a variety of restaurants, bars, and cafes  you can find, and if you have yet to visit Medellin you will be amazed on what Medellin has to offer. The restaurant industry in Medellin is still recovering after the hard years of the pandemic. […]

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Business Digital Nomads Entrepreneurs

The Ruta N Intiative: Bringing Hope to Entrepreneurs in Medellin

The hallmark of any healthy economy is the presence of opportunities for enterprise and investment. As long as people know that their efforts, as long as they are appropriately directed and effective, will bear fruit, they will be willing to put in the time and effort required to succeed. The authorities of Medellin are well […]

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Business Economy Tourism

Colombia Reverts Airline Tax Changes to Pre-Covid Levels

During the Covid 19 pandemic, travel restrictions were placed on many, if not most, countries worldwide. As an obvious consequence, industries that depend on people’s travels for their welfare were hardest hit. The airline industry was particularly hard hit, as they managed with notoriously slim profit margins even during regular times. One of the measures […]

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Economy News

Hard Times: Price Increases to Expect in Colombia for 2023

However optimistic you might be as a person, it’s clear to see that 2023 will be a year with its fair share of challenges for the average Colombian. We can expect to see increases in the price of products and services and across the board that are bound to leave an impact on our budgets. […]

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Business Nightlife

Lleras Park: Even as The Year Ends, Renovations Remain Incomplete

Residents of Medellin were promised that the new Lleras Park would be ready to open by the end of 2022, but for the third time, they have been left disappointed. The new target is set for 30 January 2023. As 2022 came to its end, the local authorities were working on completing work on Lleras […]

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Business Economy

Minimum Wage in Colombia will Increase in 2023

The president of Colombia, Gustavo Petro, announced on December 15 that there will be a salary increase that will start next year. However, this measure will not benefit all sectors, but it will benefit many professions and workers. According to the Colombian president, the goal of this salary increase is to recover the economic power […]

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