Carlos Vargas

Colombia targets 3 billion barrels of oil equivalent in new reserves by 2040

Nov 19 2021

BOGOTA Colombia will look to add 3 billion barrels of oil equivalent (boe) to its hydrocarbon reserves by 2040, Armando Zamora, president of the national hydrocarbons agency (ANH), said on Friday.

Airbus executive says output goal based on jet deals

Oct 25 2021

BOGOTA A senior Airbus official on Monday defended the European planemaker's output goals after it clashed with leasing companies worried about overproduction of jetliners.

Standardization of travel rules key for Latin America airlines' recovery

Oct 24 2021

BOGOTA Getting standardized rules for international travelers amid the coronavirus pandemic is the biggest hurdle for Latin American airlines, with their recovery threatened by a lack of consensus among health authorities, industry leaders said on Sunday.

Colombia's Congress approves record $93 billion budget for 2022

Oct 20 2021

BOGOTA Colombia's Congress approved the 350.4 trillion peso ($93 billion) spending package proposed by the government for its 2022 budget in the early hours of Wednesday, the second consecutive year it has approved a record sum.

Colombia fiscal deficit may be lower than expected, says finance minister

Oct 12 2021

BOGOTA, Oct 12 Colombia's 2021 fiscal deficit may be lower than previously projected thanks to the recovery of oil prices and better economic growth, Finance Minister Jose Manuel Restrepo said on Tuesday, without giving a new estimate.

Colombian lawmakers approve $4 billion tax reform after protests

Sep 08 2021

BOGOTA Colombian lawmakers have passed a tax bill set to raise $4 billion annually, the final step in long-running efforts by the government of President Ivan Duque to get a fiscal reform through Congress.

Colombia government to sign $5.39 billion in road contracts in final year of term -minister

Aug 12 2021

BOGOTA, Aug 12 Colombia's government will sign contracts for road projects worth 21.3 trillion pesos ($5.39 billion) before finishing its term next year, Transport Minister Angela Maria Orozco told Reuters.

Analysis-Colombia's Duque likely to get tax reform, but little else, in final year

Aug 06 2021

BOGOTA Colombian President Ivan Duque looks likely to win approval for a long-delayed tax bill in his final year in office, but other unpopular reforms have little chance to pass a divided congress, analysts and lawmakers say.

Most Colombians in Haiti went as bodyguards, others knew of assassination plan: Duque

Jul 15 2021

BOGOTA Many of the Colombian ex-soldiers accused of involvement in the assassination of Haiti's president went to the country as bodyguards, Colombian President Ivan Duque said on Thursday, but others had detailed knowledge about the planned assassination.

Colombia's revised tax measure will look to raise nearly $4 billion -finance minister

Jul 13 2021

BOGOTA (Reuters) -Colombia will seek to raise at least $3.97 billion through a new tax reform measure to be proposed to Congress, Finance Minister Jose Manuel Restrepo said on Tuesday, as the government looks to shore up the country's finances amid credit rating troubles and growing debt.

World News

UAE discussing defence upgrade after Houthi attacks- envoy to U.N

The United Arab Emirates may upgrade its defensive capabilities after missile attacks https://www.reuters.com/world/middle-east/uaes-defense-ministry-destroyed-2-houthi-ballistic-missiles-wam-2022-01-24 by Yemen's Iran-aligned Houthi group, while continuing diplomacy with Tehran to reduce regional tensions, a senior UAE diplomat said.