In the first two months of 2021, 25 transactions worth $820 million were registered in Colombia. It represents an increase of 135% compared to the same period in 2020. In South America, Colombia is third by the size of transactions, following Brazil ($12 billion) and Chile ($942 million).
Through their foundations, German Siemens and Colombian largest cement producer, Grupo Argos, constructed six educational institutions in eastern Antioquia. These projects are expected to benefit 500 children from two villages in Río Claro. Likewise, they built two water systems to bring potable water to about 1,000 people.
The weekly report on energy demand shows an increase of 16% in the third week of March compared to the same period in 2020. However, it was 2% lower than the same week in 2019. The sectors with the highest rise were mining (4.7%), transportation (3.4%) and industry (2.5%), informed the ministry of Energy.
Colombia's largest airline, Avianca Holdings SA, plans to add dozens of short-distance routes while reducing its fleet from 140 to 100 to be discharged from bankruptcy by the end of the year; Avianca's CEO, Adrian Neuhauser, revealed. Last year, the airline raised $2 billion under its bankruptcy plan, including funds from United Airlines, Kingsland Holdings, and Citadel LLC.
ExxonMobil Corp has submitted a proposal to carry out a pilot project for hydraulic fracturing - or fracking - in Colombia, the oil company and the Andean country’s national hydrocarbons agency (ANH) said on Wednesday. The pilot is for Colombia’s Valle Medio del Magdalena basin.