Last year was a period of recovery for the construction sector, breaking an all-time record with more than 194,000 housing units sold. This optimism, boosted by 200,000 government subsidies to the VIS and non VIS segments, led the Construction Chamber (Camacol) to project 209,000 new housing units this year, of which 149,000 have already been started. This projection represents a growth of 8.6% for the sector.
The COVID-19 pandemic reduced the number of working hours worldwide by 8.8% in 2020, or the equivalent of 255 million jobs. Latin America was one of the worst affected regions with a loss of 16.2%, equivalent to 39 million jobs in the region.
Ecopetrol has announced plans to develop six new solar projects, which will bring its total installed PV capacity to 155 MW by the end of this year. The solar parks will be built across Colombia's Meta Hulla, Antioquia and Bolívar regions.
One year after its creation, the simple tax regime (RST) completed 25,010 registrations and collected Col$393.58 billion ($111.53 million): Col$72.78 billion ($20.6 million) under the Financing Law and Col$320.79 billion pesos ($90.90 million) in 2020.
Mapfre Colombia, a subsidiary of Mapfre Re, the Spanish announced that it selected the Agritask analytics and operations platform to enhance its risk monitoring and claim management processes of its agriculture business. MAPFRE Colombia will use the Agritask platform to provide precision technological solutions, specifically dynamic risk assessments.