Tag Archives: colombia

“Beautiful” Colombia

Alejandro Grisanti

A manager at Barclays Capital in an interview with financial publication Portafolio Thursday has stated that Colombia is well prepared to deal with the repercussions of the financial crisis in Europe.

Alejandro Grisanti, head of economic investigations for Latin America and the Caribbean, also said that Colombia has good ambassadors who are selling the country abroad, which is leading to more and more foreign investors inquiring about Colombia.

He elaborated that Colombia has distanced itself from the problem of the financial crisis, and is one of the most shielded Latin American countries.

Furthermore, European banks with a presence in Colombia are mostly Spanish which operate independently.

Grisanti added that Colombia has not been badly affected by a drop in European demand for its products because only 12% of exports are destined for Europe.

Grisanti said, “I think that Colombia has become more beautiful to foreigners, also thanks to its good sellers.” He made special mention of President Juan Manuel Santos and Finance Minister Juan Carlos Echeverry for their work in marketing the country.

The Investigations Chief also noted that Peru and Chile are other Latin American countries with strong economies.

Article found on: http://colombiareports.com/colombia-news/economy/21199-colombia-is-qbeautifulq-to-foreign-investors.html

Colombia, the second most attractive country for investment in Latin America

Bogota, the Capital of Colombia

U.S. and European investors see Colombia as the second most promising market for their investments in Latin America over the next three years, according to a study prepared perception among its customers for investment banking U.S. Bank JP Morgan Chase Co., one of the institutions of its kind oldest and largest in the world.

The study ‘Review of North American and European investors of the companies in Latin America’ consulted leaders of 40 major investment firms grouped by 1.2 trillion, of which 57,300 million are represented in Latin American holdings.

Brazil is the most promising economies in the region (based on 68 percent of respondents), followed by Colombia (38 percent), and ahead of Chile (25 percent) and Mexico (25 by the way). Respondents had the option of responding for more than one country. The countries that investors are less promising prospects in Latin America over the next three years are Argentina (40 percent), Venezuela (38 percent) and Peru (25 percent).

“Colombia is seen as a market that is in its early growth stage and one of the ‘most emerging’, compared with others in the region,” the report said.

Research shows that, in Peru, the country is among the economies that have more room for growth. “However, 25 percent of respondents see Peru as a less promising country, mainly because of recent changes of government.”

The paper concludes that Colombia is seen as one of the Latin American markets with better development. Investors are pleased that the Government is one of the most receptive to doing business and is in the right direction to increase investment.

Article translated from Spanish to English and found on:

http://www.eltiempo.com/economia/negocios/ARTICULO-WEB-NEW_NOTA_INTERIOR-10885510.html

Colombia and Peru – two emerging Latin American markets

State Secretary Gunnar Oom led a delegation of Swedish companies to Colombia and Peru,  two Latin American markets for many years enjoyed a steady growth. Both countries have big needs for investment in infrastructure – only Colombia is planning investments of USD 50 billion over the next decade!

 Gunnar Oom talks with Peru’s equivalent,  State Secretary Hans Meier – under the supervision of the ambassador Eva Zetterberg. The program was prepared in cooperation between the embassies in Bogotá and Santiago and the Trade Council in both countries’ capitals.  In Bogotá, a tour was arranged of the capital’s new mass transit system Transmilenio, which has become a role model for Latin America’s many million inhabitants and to which Scania and Volvo delivered a large number of buses. In Bogotá, the Swedish security company Securitas was hired to employ wheelchair guards. The experience was so good that Securitas in other countries followed suit.

The good economic performance in both Colombia that Peru is the result of prudent macroeconomic policies and commitment to free trade. Both countries have also recently signed FTAs ​​with the EU, which will provide Swedish exporters improved access to their markets when it comes into force, hopefully sometime next year.