Economy

Russian oil tanker defies US sanctions, approaches Cuba amid energy crisis

The arrival of the Russian oil tanker Anatoly Kolodkin in Cuba, scheduled for Monday, March 30, occurs amid a scenario of high geopolitical tension and energy restrictions for the island.

The sales generated by the rural markets in Los Calamares, Buenos Aires, and Olaya

Local producers from Cartagena connected the countryside with families in the district through rural markets, which achieved sales exceeding $18 million.

Municipalities in Bolívar That Will Not Have Electricity on Monday, March 30, 2026

Afinia, the energy service provider in Bolívar, is carrying out optimization work on the electrical infrastructure in the department as part of its investment plan to improve the quality and reliability of the service. You may be interested in: Fenoge and Afinia begin appliance replacement in Cartagena.

CAF revives plan to finance recovery of the electricity sector in Venezuela in alliance with national and US companies.

The trip of the United States Secretary of the Interior, Doug Burgum, to Caracas accelerated not only the reform of the mining sector, but also the approach to the electrical issue. To this end, the intention to move forward with the plan introduced seven years ago to CAF - Latin American Development Bank - has been reactivated [...]

How the Fish Festival in Bogotá Will Work During Holy Week

During Holy Week, thousands of Colombians modify their eating habits and choose to avoid red meat.

Silent return of Colombian companies to Venezuela: business, risks, and millions at stake

Viviana Gutiérrez did not wait for Venezuela's political situation to change suddenly on January 3 to make a move. Two years ago, the administrative manager of Automex—a Bogota-based company that manufactures electrical boards and cells for the oil industry—had already dispatched a contract worth 15 billion pesos (about four million dollars) to a Venezuelan offshore platform: five equipment designed to sustain the production of a well in the Caribbean Sea. The boards left Bogota, crossed through Maicao, were transferred from trucks at the border, and arrived in Maracaibo by land, before being shipped offshore. The payment arrived from France because the final buyer was a multinational company with access to banks that Venezuela does not have.

Study in Colombia details how 'buy now, pay later' distorts spending perception

The study measured the difference between the real purchase value and the value remembered by the consumer. Photo: iStock

Venezuela Could Invoice US$2 Billion in March for Oil Exports

Venezuela could invoice around 2 billion dollars for oil exports in March, as crude oil sales could approach 800,000 barrels per day (bpd) with an average price of 86 dollars per barrel, the highest in recent years, due to the Middle East crisis. Banking [...]

Recession Monitor: How close is the world economy to a crisis that will hit households hard?

The base scenario remains positive, although with greater structural fragility. Photo: iStock

And What About the Subsidies?

Regarding subsidies, it is worth noting that they were regulated in Article 99.3 of Law 142 of 1994 on Public Services, as 'a discount on the bill amount' for the most vulnerable users, in this case, strata 1, 2, and 3. This led to the creation of the Solidarity Fund for Subsidies and Income Redistribution (FSSRI) through Law 286 of 1996. This responds to one of the principles governing the provision of energy service: efficiency, quality, continuity, and solidarity (Article 87 of Law 142 of 1994). It is important to highlight that the purpose of said subsidy is to guarantee effective access for the most vulnerable to basic public services, as enshrined in the 7th of the 17 Sustainable Development Goals (SDGs), which are binding for Colombia.

Bolívar: Tourist Leadership with Challenges

Tourism in Bolívar is not just a statistic in a report: it is the smile of an artisan in Mompox, the aroma of an egg arepa in El Carmen de Bolívar, the breeze that runs through the Dique Canal, and the emotion of those arriving in Cartagena for the first time. It is life, culture, and hope.

Óscar René Vargas: Spending on Police and Army

Economist Oscar René Vargas warns that the sustained increase in spending on police and the army in Nicaragua, above GDP growth, represents an unproductive use of public resources that limits economic development and social well-being.