Economy
Economy

All You Need to know About Taxi Prices in 2023

  • by
  • March 27, 2023
  • 3 minutes read
  • 54 Views

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?

  • by
  • February 26, 2023
  • 2 minutes read
  • 109 Views

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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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 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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