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Edition of Thursday, 29 October 2026English edition
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The Geopolitician

Country risk, from the local press

Colombia · Country watch

Fiscal Rescue Law, Lulo Bank Expands, Bogotá Security

Colombia's fiscal rescue law proposes tax hikes; Lulo Bank enters insurance; Bogotá sees increased security measures.

· · 6 articles read

The picture Mixed How this is judged →

Colombia's business environment is mixed as the Fiscal Rescue Law proposes significant tax changes, while Lulo Bank expands into insurance. Security operations in Bogotá add complexity.

Flare-up watch: Calm (0.7) · How this is judged → · All Colombia briefings →

In this briefing Abelardo de la Espriella · Miguel Gómez · Colombian government · Chamber of Representatives · Ministry of Finance · Carlos Fernando Galán · Bogotá · Operation Kratos · Lulo Bank · Grupo Gilinski

Regulation

  • Finance
  • Retail
  • Automotive

Colombia's Fiscal Rescue Law proposes tax hikes

city scraper at night time
Juan Saravia / Unsplash

The Colombian government, led by President Abelardo de la Espriella and Finance Minister Miguel Gómez, has introduced the Fiscal Rescue Law to the Chamber of Representatives. The law aims to recover public finances through spending cuts and new revenue sources. Key measures include increasing VAT from 5% to 19% on products such as coffee, sugar, prepaid services, and electric cars. The initiative also seeks to attract investment and boost capital flow, according to El Colombiano.

Impact Retailers and automotive companies face higher VAT rates, affecting pricing and consumer demand.

Sources: El Colombiano ↗

Internal tension

  • Public sector

Security operation in Bogotá leads to 172 arrests

Bogota, Colombia
Bogota, Colombia — Pedro Szekely from Los Angeles, CC BY-SA 2.0 via Wikimedia Commons

A major security operation, Operation Kratos, was conducted in Bogotá, involving police and military forces. The operation led to 172 arrests and 114 searches across various districts, including San Bernardo. President Abelardo de la Espriella and Mayor Carlos Fernando Galán were present during the intervention. The operation aims to address security concerns in the capital, El Colombiano reports.

Impact Employers in Bogotá face increased security presence, affecting daily operations and employee mobility.

Sources: El Colombiano ↗

Companies

  • Finance
  • Technology

Lulo Bank enters digital insurance market

Lulo Bank, part of Grupo Gilinski, has launched four digital insurance products aimed at protecting income, loans, and vehicles. These products include life insurance, unemployment coverage, credit protection, and SOAT, which can be purchased through the bank's app. The move is part of Lulo Bank's strategy to expand its financial services ecosystem, as reported by El Tiempo Economía.

Impact Lulo Bank's entry into insurance offers new options for consumers seeking digital financial protection.

Sources: El Tiempo Economía ↗, Valora Analitik ↗, La República ↗

Nothing significant reported today in Disruption · Safety & health · Markets · Trade · Politics.

Also today in the local press

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Colombia briefings →

The same day elsewhere