Colombia · Country watch
Economic Emergency Approved, Celsia Profits Fall
Colombia's Constitutional Court approves an economic emergency, while Celsia's profits drop significantly due to El Niño and regulatory changes.
The picture Stable How this is judged →
Business conditions in Colombia remain stable as the Constitutional Court's approval of an economic emergency and Celsia's profit drop reflect ongoing challenges. Security risks for media persist, but no new major disruptions have occurred.
In this briefing Constitutional Court of Colombia · Ministry of Finance and Public Credit (Colombia) · RCN Radio · Sistema de Medios Públicos · Celsia · Grupo Argos · Commission for the Regulation of Energy and Gas
Regulation
Court Approves Economic Emergency After Earthquake
Colombia's Constitutional Court has approved the government's declaration of an economic emergency following a recent earthquake, according to La República. The Ministry of Finance has been given 20 working days to determine the necessary resources to address the earthquake's impacts. However, the court has prohibited the use of these resources to cover pre-existing fiscal deficits, as reported by Valora Analitik. This decision is aimed at ensuring that funds are directed specifically towards earthquake recovery efforts.
Impact Public-sector agencies and financial planners must allocate resources for earthquake recovery, excluding fiscal deficit coverage.
Sources: La República ↗, Valora Analitik ↗
Safety & health
RCN Radio in Cali Attacked with Explosive Device
An explosive device targeted the RCN Radio facilities in Cali early Wednesday morning, Radio Nacional de Colombia reports. The attack has been condemned by the Sistema de Medios Públicos, which expressed solidarity with the affected media outlet. The incident underscores ongoing security challenges for media organizations in Colombia, as tensions remain high amid political and social unrest.
Impact Media companies operating in Colombia face heightened security risks, potentially affecting staff safety and operations.
Sources: Radio Nacional de Colombia ↗
Companies
Celsia Profits Drop 64.1% Amid El Niño and Regulation
Celsia, a subsidiary of Grupo Argos, reported a 64.1% decline in profits for the third quarter of 2026, according to El Tiempo Economía. The company attributed the decrease to the impact of the El Niño weather phenomenon and new regulations imposed by the Commission for the Regulation of Energy and Gas (CREG). The regulatory changes, which came into effect in September, have affected Celsia's operations significantly, leading the company to adjust its year-end projections.
Impact Energy sector investors and stakeholders in Celsia face reduced returns due to regulatory and environmental challenges.
Sources: El Tiempo Economía ↗, El Colombiano ↗
Nothing significant reported today in Disruption · Internal tension · Markets · Trade · Politics.
Also today in the local press
- Protestas en España y Polonia reflejan la creciente inconformidad social y política en Europa — El Colombiano
- Estabilidad en renta y patrimonio a quienes inviertan en grandes proyectos: las bases del Plan Nacional de Desarrollo para reactivar la economía — El Tiempo Economía
- Grandes inversiones tendrían reglas protegidas por 30 años; esto dice el proyecto radicado en el Congreso — El Tiempo Economía
- Premercado | Acciones de IA impulsan mercados mundiales; petróleo rebota e inversores evalúan tasas de la FED — Valora Analitik
- La alemana Henkel refuerza su planta de la zona de Montevideo y traslada su sede administrativa en Bogotá — El Tiempo Economía
- Anif respalda venta de ISA y aumento del diésel para aliviar crisis fiscal; pide ajustes a la reforma tributaria del Gobierno — El Tiempo Economía
- Se presentó proyecto de ley para estabilizar inversiones de gran escala — La República
- Asoblockchain pide eliminar impuesto de 5% a criptomonedas de Ley de Financiamiento — La República
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.