Kimberly-Clark announced that it will invest more than $80 million over the next three years to strengthen its production capacity in Colombia. The investment will be allocated to the company's production plants in Puerto Tejada (Cauca), Tocancipá (Cundinamarca) and Barbosa (Antioquia).
Colombia added Col$18.5 trillion ($5.16 billion) to its budget this year to go toward a special fund to meet the needs generated by the coronavirus pandemic, the Ministry of Finance said. Colombia's Congress in October approved a 2021 budget for Col$314 trillion ($87.7 billion). With the additional sum, which comes from funds destined for 2020 but not used last year, Colombia's budget is increased to $92.8 billion.
The Administrator of the Resources of the General System of Social Security in Health (Adres) has paid Col$380.7 billion ($105.4 million) in bonuses to those technicians, technologists and health professionals who attend to cases of covid-19 infection in the country or who carry out epidemiological surveillance and were registered for the bonus. In total, 250,569 workers benefited from these bonuses.
Colombians spent Col$260.3 trillion ($72.037 billion) on buying household food in 2020, according to a report by Andi's Chamber of the Food Industry in alliance with the firm Raddar. The Food Industry categories, which include oils, meats and derivatives, cereals, dairy products and derivatives, biscuits and crackers, bakery products, among others, represented an expenditure of Col$114.5 trillion ($31.687 billion) during 2020.
Ecopetrol announced that it has made official its non-binding offer to acquire the state-owned stake in Interconexión Eléctrica (ISA), which corresponds to 51.4% of the outstanding shares. According to the state-owned company, the transaction will be carried out through a capitalisation through a share issue in which the State will continue to own at least 80% of the company.
According to Colombia’s export agency, non-mining energy exports to China grew nearly 13 percent in 2020 compared to the previous year. The agency says bigger investments in eCommerce marketing will be key to further growth.
In 2020, the flow of remittances was $6.9 billion, which represented an increase of 2.5% compared to the $6.7 billion reached in 2019.
In December 2020, household confidence in the economy deteriorated compared with previous months. Last month the Consumer Confidence Indicator (CCI) stood at 33.7%, compared to 34.4% in November and 34% in October.
Due to the effects of the pandemic, the government designed a plan to generate employment. More than 500 investment projects for Col$176 trillion ($49.15 billion) were reviewed that will generate two million jobs in the next two years, said Diego Molano, director of the administrative department of the Presidency.
The superintendent of Public Services, Natasha Avendaño, reported that the nation assumed liabilities of Col$7.3 trillion ($2.04 billion) from Electricaribe. A total of Col$4.8 trillion ($1,34 billion) corresponds to liabilities and Col$2.5 trillion ($698,3 million) to pension liabilities.