Tag: MSMEs

“Small businesses will be affected by the 12% increase in the minimum”

“Small businesses will be affected by the 12% increase in the minimum”

Q. Is there a risk of continued layoffs in 2024, considering the 12% increase in the minimum wage? R. Yes, and it’s a big risk. There is a misconception and perception that the minimum wage is $1,300,000. They’re wrong: The minimum wage is $1,300,000 plus about $817,700, for a total of $2,117,700. Because? It turns […]

MSMEs will get credit lines of USD 320,000 million

MSMEs will get credit lines of USD 320,000 million

Bancóldex, with the support of the national government through the Ministry of Trade, Industry and Tourism, has announced the loan portfolio consisting of the credit lines: Competitive MSMEs, Internationalization for Productivity, Sustainable Progress and Women Entrepreneurs and worth $320,000 million pesos to support micro, small and medium enterprises (MSMEs) in the country. These are credit […]

Of the 100 entrepreneurs, 49 say that their production and sales have decreased

Of the 100 entrepreneurs, 49 say that their production and sales have decreased

Rosmery Quintero, chairman of the Colombian Association of Micro, Small and Medium Enterprisesexpressed concern about the deterioration of most MSME indicators in the first quarter of 2023. The representative of the largest business union said at a press conference on Tuesday that given the uncertainty the country has experienced from external aspects such as access […]

FNG estimated the disbursements of 200,000 loans for the Caribbean

FNG estimated the disbursements of 200,000 loans for the Caribbean

The National Guarantee Fund (FNG) estimated that of the million credits it intends to disburse nationally over the four-year period, some 200,000 will be distributed in the Caribbean to provide growth opportunities to popular economy companies and so with the aim of achieve more formality. According to Javier Cuellar, president of the FNG, the vision […]

Taxing renewable projects would discourage investment in the sector: Acopi

Taxing renewable projects would discourage investment in the sector: Acopi

The Colombian Association of Micro, Small and Medium Enterprises (Acopi) warns that the tax envisaged in the recently approved National Development Plan (PND) for renewable energy generation projects could discourage investment in this sector. An addition to Article 233 of the PND specifies that the percentage of the transfer determined as a tax for companies […]

Colombia is trying to increase trade figures with Venezuela

Colombia is trying to increase trade figures with Venezuela

“Today we can point out that the flow at the border is completely possible, but the issue of relations with Venezuela is not just about opening borders, it is important that the business community knows that there are legal and institutional foundations that support them” Quintero said. said during the installation of the Macro Round […]

3,725 businessmen benefited from the CREEce program

3,725 businessmen benefited from the CREEce program

Due to the great successes achieved last year with the Business Growth Program for the Formalization CREEce, an initiative of the Ministry of Trade, Industry and Tourism, led by the Chamber of Commerce of Barranquilla, in collaboration with the Chambers of Valledupar and Sincelejo, there are great expectations in 2023 among those called to benefit. […]

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