October 16, 2019
Latest News

Bogota has many advantages in attracting foreign investment

Bogota, Aug 14 (efe-epa).- In the past 10 years, Bogota has received some $20 billion in foreign investment via more than 1,100 projects that have created some 119,000 direct jobs.

Among the actors supporting the city's strategy of attracting foreign investment is the "Invest in Bogota" agency with about 350 investment projects under way at present.

This year, the agency, which on Wednesday launched the "4th Foreign Investment Meeting in Bogota - Global Service Platform in Latin America," has as its goal attracting 43 initiatives and increasing the $2 billion in foreign investment it has managed to bring to the Colombian capital since 2009, an effort that has created about 35,000 jobs.

"These investments have come from 47 countries in such diverse sectors as technology, services, infrastructure and movie and television production," Invest in Bogota general director Juan Gabriel Perez told EFE.

The three main characteristics that Bogota has that make it an attractive city for foreign investment are the size of its economy, its strategic location and its human resource base.

The capital's economy is as large as that of Ecuador and exceeds those of Uruguay, Paraguay and Panama, and Perez says it is "dynamic" and growing above the national 3 percent average with a GDP of about $10 billion.

The capital's population is 4.6 million, exceeding the populations of other cities like Mexico City, Santiago, Buenos Aires and Quito, and 60 percent of it is devoted to services, 20 percent to trade and 10 percent to manufacturing.

The city is home to 57 percent of Colombia's financial transactions, making it one of the most important such hubs in Latin America.

It is located in the center of the country and enjoys excellent air service with the third-largest passenger airport and largest cargo airport in Latin America.

Some 1,100 direct international flights from dozens of countries pass through the airport each week, operated by 24 airlines.

In the capital's metro region, there are about 120 institutions of higher learning that turn out some 188,000 graduates, of whom 44,000 receive post-graduate degrees, each year.

Just under 43 percent of these graduates obtain their degrees in economics, administration and accounting, according to a study by the Colombian government's Labor Observatory for Education (OLE) institute.

The sectors employing these graduates are mainly in the areas of real estate, hotel management, public administration and defense, trade, financial activities, education, manufacturing and social and health services.

News history
Tesla stock has risen this month as its 3rd-quarter numbers approach

By David Marino-Nachison

Australian Navy begins sea trials of 3rd air warfare destroyer

Sydney, Australia, Sep 16 (efe-epa).- Australia has begun the first phase of sea trials of its third and final Air Warfare Destroyer, the Department of...

Nissan Motor CEO steps down in the wake of bonus scandal

Tokyo, Sep 16 (efe-epa).- Hiroto Saikawa stepped down from his post as chief executive officer of Nissan Motor on Monday and has been replaced by Yasuhiro...

Trump says US is "locked and loaded" to respond to attack on Saudi oil

Washington DC, Sep 15 (efe-epa).- The president of the United States on Sunday warned that his administration was "locked and loaded" to respond to a recent...

Nissan CEO steps down over bonus scandal

Tokyo, Sep 9 (efe-epa).- Nissan Motor's CEO, Hiroto Saikawa, will step down on 16 September on the back of an investigation into over payments the executive...

Volkswagen to pay multi-million-dollar settlement over 'dieselgate' Australia

Sydney, Australia, Sep 16 (efe-epa).- German car giant Volkswagen has agreed to pay millions in compensation to those affected by its diesel emissions...

General Motors braces for first nationwide strike in 12 years

Washington DC, Sep 15 (efe-epa).- The United Automobile Workers trade union on Sunday called for a nationwide strike of 48,000 employees at General Motors,...

Mexico seeks to topple Brazil's Volkswagen Guinness World Record

Puebla, Mexico, Sep 15 (efe-epa).- The Mexican state of Puebla over the weekend attempted to take the Guinness World Record for the most Volkswagen vehicles...

Argentina's gov't to present new budget amid economic woes

Buenos Aires, Sep 15 (EFE).- Finance Minister Hernan Lacunza will present the proposed 2020 budget to the Argentine Congress this week, a budget that will...

World's biggest oil producer reduces output by 50 percent after Saudi attacks

By Suleiman al-Assad

Battle to power electric vehicles reaches Sweden

By William Boston

Are central banks losing their clout?

By Randall W Forsyth

Ecotourism, the answer to Latin America's rural development needs

By Maria Jose Brenes

Havana-based cigar maker says it doesn't foresee Helms-Burton lawsuits

Havana, Sep 13 (efe-epa).- Habanos S.A., a Spanish-Cuban joint venture that is a leading maker of Premium cigars, said Friday it does not believe it is at...

US pledges to increase trade with Brazil, without mentioning bilateral deal

Washington, Sep 13 (efe-epa).- US Secretary of State Mike Pompeo promised his Brazilian counterpart here Friday that exchanges of goods and services between...

Mexicans make drinking straws from reeds to curb use of plastic

Jose de Jesus Cortes

London, Sep 13 (EFE).- The London Design Festival returns this weekend to the British capital with events and facilities bringing together the best of the...

China exempts US soy, pork products from tariffs ahead of US negotiations

By Paula Escalada Medrano.

Vaping giant Juul Labs debates pushing back on US' new ban on e-cigarettes

By Jennifer Maloney

Trump's plans for oil drilling in Arctic refuge clear big hurdle

By Timothy Puko

IMF: US-CHINA TRADE WAR STARTING TO WEIGH ON GLOBAL ECONOMY

Washington, Sep 12 (efe-epa).- The International Monetary Fund said Thursday that the trade war between the United States and China is already triggering a...

Argentina’s obsession with the dollar, a vicious circle amid a crisis

By Rodrigo García

New tariffs applied on Chinese imports to the US

Beijing, Sep 12 (efe-epa).- China's Customs Tariff Commission of the State Council has postponed the planned 25 percent tariffs on 16 products from the...

EU's top diplomat visits Mexico to boost trade agreement

By Eduard Ribas i Admetlla

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.