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Avianca to get $ 370 million loan from Colombian government
Earlier this week, Colombian airline Avianca Airlines announced it would resume flight after five months of inactivity. The airline is currently undergoing restructuring after encountering financial difficulties due to the increase in COVID-19 cases in Latin America. Today, the Colombian government confirmed that it will give Avianca a loan of $ 370 million to help …
Colombian government to loan struggling Avianca up to $ 370 million
(Reuters) – The Colombian government said on Saturday it would grant up to $ 370 million in loans to Avianca AVT_p.CN, as part of the airline’s Chapter 11 bankruptcy protection process in the United States. FILE PHOTO: An aerial view shows Colombian airline Avianca planes parked at El Dorado International Airport amid the coronavirus disease …
Colombian government visits nursery industry
The new Colombian Deputy Minister of Agricultural Affairs of Colombia, Juan Gonzalo Botero, as well as the Director General of the Colombian Phytosanitary Agency, ICA, Deyanira Barrero, participated in a field visit to the Darwin Colombia production farm with Jairo Cadavid, President of the Colombian Nursery Association (Colviveros) on August 8, 2020. The purpose of …
UPDATE 1-Colombia’s economy contracted 15.7% in second quarter, government says
(Add details, quotes) BOGOTA, Aug. 14 (Reuters) – The Colombian economy shrank 15.7% in the second quarter from the same period last year due to the economic fallout from the coronavirus in the worst quarterly performance in at least decades, the government statistics agency said on Friday. The figure was roughly in line with forecasts …