Category: Economy

The future of a country is marked by its citizens, especially the youngest ones

The economy should be a space of ethics and honesty in their day to day and in their decision-making

Increasingly in the business world, ethics and social actions have a greater weight in the decision making of companies, in their public actions, in their day-to-day internal decisions, and in their long-term plans.

Ethics is the philosophical discipline that studies good and evil and its relations with moral and human behavior. In this field, experts define business ethics ” like the branch of ethics that deals with addressing moral issues in business.” Therefore, the action of the management must always be governed by the good government that establishes as premises the integration in the business future plans of the environmental, social and ethical dimension.

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Establishing as a general goal to value the positive contribution of companies and organizations to achieve a sustainable future both at the company level and in its contribution to local and even international conservation level depending on the scope of action of the company (local or multinational). The theory is clear if you are a good entrepreneur and betting on ethics, honesty, responsibility, loyalty, and respect in making decisions to the company will go better.

Of course, the process is not altruistic because companies, in addition, seek a return, something lawful for any company on the other hand. Reason for which environmental or social marketing has been created.

Global Marketing defines this modality: “Green or ecological marketing is one that defines the commercial strategy of a company dedicated, normally, to the sale of organic products. But not only that, but it can also be any other type of product that has been prepared to reduce its impact on the environment.

Therefore, everyone in the business field accepts the environment as a factor in the future decisions of companies. The legal requirements, together with the new demands of consumers, are “changing the world” of the company and above all how the products or services that are launched on the market are designed. As you can see, all companies “fight” to be the greenest, those that sell the most in green, those that consume fewer resources and those that are more efficient.

SUSTAINABLE FUTURE

But reality, as always, commands. In this case, the reality speaks of a business sector that has as a maximum to produce to sell. The demand for competitiveness worldwide speaks of cost savings to be able to compete for cheap resources and lower cost labor.

The World Bank, a benchmark for international capitalism, recognizes that sustainability does not reach the entire planet: “1.2 billion people still have no access to electricity; 870 million are undernourished and 780 million still lack safe and clean drinking water, 2.5 billion people still lack sanitation services.

“The land continues to degrade, forests are lost and species are in danger of extinction as carbon emissions continue to change the environment in which we live”, are the words that remind us of the situation from the international institution.

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Therefore, being sustainable is not the main criterion for most of the business world, but in this case, I must tell you that I am optimistic that once again the problems of a society will be solved by young people.

Young people who show a high degree of awareness of environmental problems and who assume their power as customers by deciding what to buy and also giving opinions on the networks so that more and more people know what degree of satisfaction has produced such a service or product and therefore how Every company works They have no difficulty in protesting something wrong and also do not have any kind of “loyalty” to brands can change without any problem of product provider.

Therefore, the strengths of this generation become the great “fears” of any director of a large company. Great weapon, the “opinion in networks” that is capable of changing the habits of companies, cities, politicians or even societies in general. Therefore let us be optimistic in the future shaped by our young people. And ethics remember the teacher Borges: “As a human being, I am a kind of anthology of contradictions, gaffes, errors, but I have an ethical sense. That does not mean that I work better than others, but simply that I try to act well and do not expect punishment or reward. Heaven and hell are too big for me. “

Lighting audit software & energy consumption

Why LED Lighting audit software?

For business and property owners, there’s no reason to continue using inefficient and unsightly fluorescent or halogen lights.
LED light bulbs last longer, consume less energy and require less annual maintenance. Because of this, more and more facilities around the world are switching to LED lighting – making this one of the biggest financial opportunities in decades for suppliers, ESCOs, distributors, and electrical contractors. These suppliers use Lighting Audit Software like https://www.ledbiz.com/

In fact, by 2030, LED lights have the potential to reduce energy consumption by as many as 190 terawatt hours a possible $15 billion in savings. Per-capita electricity use peaked in the U.S. in 2007. With the exception of a post-recession rebound in 2010, it has declined every year since. Here you can find more about this epochal shift, but the chart that went with it is so remarkable that I’m going to recycle it here.

Past the Peak, and Falling

U.S. annual per-capita electricity generation, in kilowatt-hours

Source: U.S. Energy Information Administration

 

What caused the decline? I offered several possible explanations. One of them was increased efficiency of electrical appliances. Several readers wrote in to suggest that perhaps it was the lightbulb that did it. Thomas Edison’s incandescent bulbs are being pushed aside by energy-efficient light-emitting diodes, aka LEDs, and that had to have had an impact on electricity use.

 

I’d been meaning to follow up on this. Then, in a blog post Monday, economist Lucas Davis of the University of California at Berkeley’s Haas School of Business beat me to it. The residential portion of the decline in electricity use, at least (my chart above includes commercial and industrial use), can be attributed largely to LEDs and other energy-efficient lighting:

 

Over 450 million LEDs have been installed to date in the United States, up from less than half a million in 2009, and nearly 70% of Americans have purchased at least one LED bulb. Compact fluorescent lightbulbs (CFLs) are even more common, with 70%+ of households owning some CFLs.  All told, energy-efficient lighting now accounts for 80% of all U.S. lighting sales.

LEDs use 85 percent less electricity than incandescent bulbs. Going on an estimate of 1 billion LEDs and CFLs now in U.S. homes, operating three hours per day, Davis estimated an energy savings so far of 50 billion kilowatt-hours per year, or 160 kilowatt-hours per capita, which was about equal to the decline in residential consumption he found. The total decline in my chart above comes to 1,161 kilowatt-hours per capita, which still leaves a lot of electricity savings to explain away — but LEDs and CFLs are surely cutting electricity use in commercial and industrial settings, too.

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9 tips to make the most of online purchases

How to get the best deals and what to take into account to close the transaction

November can be a great month to shop. Settlements of what remains of winter and some merchants offer combos with discounts and payment facilities to tempt consumers. Is that the holidays are close and with it the gifts. If you take into account that inflation was around 3 percent per month, it is essential to make forecasts and not delay purchases at the last minute.

In this sense, e-commerce platforms can be a good alternative not only for the offers they usually offer (especially in some products) but because it allows time to be saved. According to PayPal data, it is estimated that up to 15 million purchases could be made through this payment system.

And the favorite areas for online transactions would seem to be smartphones. According to a report on Christmas shopping in Latin America that Deloitte produced, the most popular product in e-commerce is mobile devices (20%) followed by books (19%) and video games (18%).

Jamie Bonnifield, director of Cross-Border Marketing of PayPal Latin America, offers some tips to make the best use of online offers.

(iStock)

1. Search for offers with time: promotions do not happen in a day

In general, large online stores, as well as small ones, make very interesting pre-sales before important holidays. Last year, according to Deloitte, 71% of respondents preferred to make their purchases during the season prior to the festivities, either at the end of November or the first week of December.

2. Register in online stores

It is a matter of practicality and time-saving. Most of the electronic stores ask the consumer to register to make any kind of purchase. Take the time to register on the websites where you are interested in buying. This is important because, the closer the discounts and promotions are, the higher the risks of having a bad connection due to the intense flow of people accessing the site at the same time.

3. Anticipate Christmas gifts

It is convenient to take advantage of the previous days to do Christmas shopping. November can be a good month to get low prices and avoid long waits in stores or connection problems on the web.

4. Review the offers carefully

If the discounts are too good, it is convenient to look for information about the store or the product, to avoid falling into the hands of a scammer.

5. Compare prices

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Search, check and search again. Ideally, have a list of what you want to buy before the offers begin. This will also help you with your impulse to buy things you do not really need and pay higher prices.

For his part, Gustavo Sambucetti, president of the Argentine Chamber of Electronic Commerce (CACE), shares these tips to close online purchases:

6. Data on shipments

Analyze the available shipping options and delivery times before finalizing the purchase. These options may vary depending on the product purchased and the geographical area in which the user is located.

7. Order tracking

Enter the order number and the shipping tracking code at the moment of closing the purchase that will be used to track the package.

8. Find out all the conditions

Check the policies of changes and returns of each store to know the options if you are not satisfied with the product.

9. Have the contact details of the company

In case of any inconvenience in the purchase, communicate directly with the company in question to help them solve it.

Finally, Victoria Blazevic, responsible for Branding and Communication of Tienda Nube, suggests being alert to special promotions. “Merchants usually offer discount codes, reduce the prices of certain products and/or offer free shipping, and being aware of this is essential so as not to miss a great opportunity,” he concluded.

The Bosch plant will be the most modern in America

The governor of the Mexican state of Guanajuato, Miguel Márquez, said today that the plant that the German industrial group Bosch will install in his region will be the most modern in the entire American continent and will involve an investment of 120 million dollars. In an interview with Efe at the Hannover Fair, the largest in the world industry, Márquez said that the plant with industrial technology 4.0, whose installation agreement was signed today in the exhibition, will create 1,500 direct jobs.

“We had been pursuing the presence of Bosch for 15 years, which was one of the largest companies absent in our state,” said the governor, who also stressed that this week in Hannover the presence of two other German companies and a French company in Guanajuato. These three companies together with Bosch will represent a total investment of 250 million dollars and the creation of 4,000 direct jobs in the state, he said.

Márquez said that in the last eight years the investment of the German companies already adds 2,000 million dollars in the state, where there are already installed more than 40 companies in the European country, including several “very important” in the development of technology, about everything in the automotive sector.

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The presence of Guanajuato at the Hannover Fair represents “being in the best showcase of the 4.0 revolution, which is the technology that we want to be developed and applied in our state,” he said.

The governor stressed that Guanajuato has “established itself as the most important automotive cluster in Latin America” and that the state has six manufacturers in the sector such as Volkswagen, General Motors, Ford, Toyota, Honda, and Mazda. In addition, he noted that they have increasingly sophisticated companies that are investing in laboratories and research jointly with companies such as Pirelli or Michelin.

He also said that they have developed eight innovation parks of public and private universities, in addition to “eight research centers of the most prestigious in Mexico and Latin America.”

Among them, he cited the center of research in mathematics Cimat, the biotechnology Agrobiotec, the technology applied to footwear and leather Ciatec, which now will also be dedicated to the automotive sector or research in optical CIO, which he considered “the best of Latinamerica”.

“This has allowed us to come working in high-tech developments, students no longer have to do the traditional, today we see them studying nanotechnology, aeronautics, pharmaceuticals, robotics, we have taken a very important turn to engineering,” he said.

He noted that in the last six years have reached the 13,000 million dollars of investment in the state, which “is a historical record.”

In 2017, exports from Guanajuato increased to 23,000 million dollars from the 11,000 million that they had marked six years earlier.

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He also noted that the current unemployment rate of 2.8 percent is “the lowest in history, and almost full employment.”

“We have taken a very important leap in industrial development without neglecting agriculture,” he said and indicated, in this regard, that they have just signed an agreement in the Netherlands with the Ministry of Agriculture to export vegetables and berries for the first time. to that European country.

Among the advantages of Guanajuato to attract foreign investment, the governor cited the geographical location in the center of the country, five hours from the port of Manzanillo, the main destination for Pacific products, or nine hours by road from the US.

“We have very good connectivity, an excellent road infrastructure and we have also opted for education, in which we have tripled the investment,” he said.

He also highlighted the absence of labor strikes and that the state is the second with the most youth in Mexico and occupies one of the first three places in the country in the rating of the judiciary.

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“There is a legal certainty, when you sign something you know that it is going to be fulfilled, trust is very important and has made more than 30 countries invest in Guanajuato today,” he said.

In this regard, said that in his state what is approved today is respected in five or ten years, regardless of who governs, which “gives a lot of peace and confidence to companies.”

“We have understood very well the opportunities since the signing of the free trade agreement with the US and Canada in 1994, from being a predominantly agricultural and commercial state we have become a very industrial state,” he said.

In these professions you will find more job offers

If you think you have many titles, being a ‘luminary’ and shine for your ideas at work guarantees a good position, we tell you what they think of this year recruiters in the field.

We want to congratulate you if you are reading this and have a good position. Look no further what contacts you have on your LinkedIn profile and you will realize that you do not have to complain so much about hard work, those that are 8 or more working hours, where you have to put up with a boss who does not have a face like ‘few’ friends’, or where he has been doing the same thing for years and do not recognize his best effort with a salary that compensates.

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If you start reading among your contacts in this professional network, you will see updates from people who say they have been finding work for more than three months, with more than 500 resumes and vacancies applied, even accepting projects of two or three months. They question their lack of work commitment, but they are discriminated against because, unfortunately, working on these projects has been the only way to get income that has worked for them.

This perception is supported by what the employers themselves say. According to a report by the ManpowerGroup personnel recruiter on Employment Expectations for the second quarter of 2018, Employers report modest hiring plans for the aforementioned period.

While 15% of employers expect to increase their staff, 7% anticipate a decrease and 76% do not forecast any change, resulting in a Net Employment Outlook of + 8%. The intention of hiring, cleaning the results by seasonality, an expectation of + 6%, which is presented as the weakest reported in more than 8 years, declining by 2 and 6 percentage points quarterly, the survey indicates.

Which areas offer more employment?

In the most recent Labor Trends Report, 2018 of the search portal elempleo.com it is shown that the careers in business administration, industrial engineering, and computer systems engineering are the ones with the most job offers registered during the fourth quarter of 2017 and the first quarter of 2018. The figures show the sum of monthly offers in each quarter. Except for business administration and financial administration, all added more offers in the first quarter of 2018 compared to the last quarter of last year.

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This behavior is similar to that of the professions that applied the most employment to the offers of this portal. Business administrators were the most active in job applications during the first three months of the year. In January, 1,562,064 applications were received, in February they totaled 1,357,726 applications, and in March they reached 1,254,788.

Industrial engineers ranked second in the first months of 2018: 974,887 in January, a total of 876,134 applications in February and 795,057 in March. The third was shared between business managers and accountants. Social communicators and journalists appeared during the first two months of 2018; in March, its place was occupied by mechanical engineers.

The educational offer has more supply and demand in the degrees of university formation, followed by the average education and of the professional technical level. In the last places, the offer appears for those who have a master’s and doctorate degree.

How to identify a business idea?

Undertaking an idea or business is like having a baby when you think of carrying out the business, you worry, you plan, and once you see its fruits, you feel proud. But you should keep looking ahead and supervising.

However, to identify a business idea should not be left there, it should be investigated first to know about the viability of the matter and to evaluate if this idea will really solve a problem or need. On the other hand, business ideas must adjust to the pace of life of today’s consumers, as it is obviously not the same as 10 or 15 years ago.

People today go from one place to another with their mobile phones and spend a good part of their day reviewing their profiles in Social Media. Therefore, to exploit its full potential by identifying this idea that will not go away, it is necessary to pass it through a filter that evaluates that it really is an idea that will win it in the business world.

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Equally, it is necessary that you know if that idea is suitable for you as a professional and even as a person, lest you abandon it to the first problem that arises. A business idea is a challenge that requires dedication and discipline. That is why we want to help you identify what that business idea is that will lead you to success and become the route to achieve your dreams.

Ask yourself: What do you know and what you like to do?

If you are going to develop an idea, the best thing is that this idea makes you fall in love because if not, believe us !, it will be reflected in the ROI. The passion for what you do is the key to getting things right so your idea should be related to your skills, your professional training, and even your personality to make things work.

Search if you have a good base of contacts to which you can satisfy a need and from there you could get that longed for an idea. Take advantage of your experiences and acquaintances to start from scratch.

Find an interesting niche

There are trends in other countries that could be adaptable to your community and you can undertake them with your seal. Not all businesses have to go, necessarily, directed to the masses, there are small niches that can provide great satisfaction but their job is to detect them and offer them their business idea.

And once you have detected them, study the community in depth to get where they are and give them the content they are looking for, that’s where good content marketing comes in.

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Improve old processes

Look at the technology and how far it has come: it has managed to optimize and even simplify the processes that used to take hours, such as, for example, making a deposit to the bank. Think about what old process you could make a difference to make life simpler for your future consumers.

Do it better than others

A typical error when wanting to undertake is that enthusiasts think that a business idea is 100% innovative and never seen before, which could be, but there is also the possibility that it does better than others. Maybe there is a service out there that you would do better, optimize processes and make your users feel more comfortable. Does anyone come to mind?

Explore in your daily life

We all have a routine that sometimes wears out, think of yours and ask yourself: Do I have a problem or need that could be solved/satisfied with an innovative idea?

You are a user or consumer of many things and we are sure that if you think about it a bit, you could offer a solution to any concerns you have and create your winning idea.

Make entrepreneurial friends

We do not talk about copying your ideas, but about getting around these people who are on the same wavelength as you and are filled with inspiration. Maybe when you hear them talk about their anecdotes, comes the energy of creativity and should look for paper and pencil as soon as possible so that the idea does not go away.

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It is also recommended that you explore on the Internet, see the profiles on social networks of entrepreneurs who have achieved it in a surprising way and take the confidence you need to carry out your project.

To conclude, keep in mind that:

  1. Creativity comes when it comes out into the real world.
  2. A Brainstorming can help you get to that idea.
  3. There are no bad ideas, you just have to develop it and adapt it to a specific audience.
  4. Do more research and write down everything that catches your attention.
  5. If you identify an idea, pass it through a filter to see if it really is viable in time and space.

So, Success and start!

THE SUPERMARKET ON THE CORNER OR THE COMPUTER?

It is important to find the balance, understand that the product is not the main thing and that the customer is the main thing and the need that the client wants to satisfy

Some years ago, in a class that was dictating in Argentina to a group of managers of an international chain of supermarkets, there was a conversation about the formats of stores that were coming for the future of the industry and the discussion revolved around large stores (hypermarkets) or small stores to compete with the rise of Chinese supermarkets that were capturing an increasingly large portion of the market.

My question was simple, why open so many stores? The answer was obvious. “Retail is a business of proximity and has to be close to the customer” and my response was: “What is closer, the supermarket on the corner or the computer?”. Nobody imagined their mothers, at that time, buying online but neither their children losing four hours a day in a store making purchases of food and beverages. The exponential increase in technology that we all have available in its various formats, whether computer, tablets, smartphones and others, brought products closer to customers, with increasingly intelligent buyers, who demand memorable experiences of purchase by any point of contact they have with the places of sale.

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Now, is everything going to be online? Do not forget that tomorrow there will be large consumers with purchasing power that will tip the balance of online shopping. As the population ages, higher percentages of consumers will be connected and online purchases will continue to grow. Building trust at the start is the basis for sustaining lifelong loyalty in buyers. These customers stepped forward using all the elements they had to maximize their benefits, either in price, when there is no differential value in the products or in personal satisfaction when a service or product meets a personal need relevant. To do this, they use all the elements at their disposal generating a growing challenge to companies,

They want them to recognize them, understand them, understand them and attend when they want and that can be at any time of the day and anywhere in the world where they are, but it is not clear that everything will be online in the future ; each occasion of sale will have its preferred channel, this occasion is generated by the buyer and the need that it wants to satisfy, so omnichannel, which happens to be a key concept, seems to be an option for companies where technology It becomes a differential element to meet these needs. Today, the biggest challenge that companies have is to know more and better customers, make the best deals, bring the products they need, when they need it and where they require it. For this, there are tools that collect data,

Artificial intelligence is taking giant steps to help companies at this point, virtual assistants who “talk” with clients as if they were human, are always available (and in a good mood!), And are the spearhead, since they not only serve and help customers but also help companies to collect data on tastes and preferences, in a transparent manner. If we talk about retail, the challenge is constant because it requires transforming a business that is impersonal, massive and made up of several segments, in a more personalized and focused on the specific tastes of each person. All this is something totally new for the industry, with different and disruptive rules. Companies need to know more about their customers, have a one-to-one contact. Is this consumer requirement new? People who are between 3540 years old will remember from their childhood, that their parents went to the neighborhood retailer, talked with the owner of the place, who asked them about relatives, usually by name, suggesting them to buy something specific (“I know that you make that cake so rich and here came this ingredient you need for this weekend “). Or for example, when one of the children was going to make purchases and doubts about a product, it was the merchant who told him which product to carry with phrases like “it’s the one your mother always carries”. I suggested to them to buy something specific (“I know that you make this cake so rich and here came this ingredient that you need for this weekend”). Or for example, when one of the children was going to make purchases and doubts about a product, it was the merchant who told him which product to carry with phrases like “it’s the one your mother always carries”. I suggested to them to buy something specific (“I know that you make this cake so rich and here came this ingredient that you need for this weekend”). Or for example, when one of the children was going to make purchases and doubts about a product, it was the merchant who told him which product to carry with phrases like “it’s the one your mother always carries”.

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Therefore, to guide its customer experience and revenue growth management strategies, both in the retailer and in large physical stores or online, is that companies are relying on innovations in artificial intelligence. They are managing to combine the strengths of the most disruptive technologies to obtain as much information as possible about their clients, allowing them to make better decisions and transform their companies into companies that continuously learn and therefore grow sustainably.

Finally, it is important to find the balance, understand that the product is not the main thing and that the customer is the paramount and the need that he wants to satisfy. The one that considers the buyer as a robot that will always choose the cheapest and most accessible will be wrong. There are elements that make a person choose one or another option for situations or circumstances that go beyond economic value, which go on the side of human needs and how they are served, depending on time and circumstances. Understanding and decoding this is a central element of any strategy you want to perform. This is not new, as the neighborhood retailer did many years ago.

Colombian flowers seek more market in Europe

Sofía Herrera has her eyes set on the European market, where the consumption of flowers is “more consistent” than that of the USA, the main current destination of the lilies or Campanulas are grown in her Jardines de Los Andes, an intensive nursery 25 kilometers from Bogotá.

The manager of the nursery showed the rich floral variety of its Gardens to a delegation of the Commission of International Trade of the Europarlamento that visited them in San Valentín, day in the flower is the gift par excellence.

The mission, led by German MEP Bernd Lange of the European socialist group, reviewed the implementation of the EU-Colombia trade agreement in force since August 2013.

Herrera tells Efe that the agreement favored them: “We have imported machinery, we have made technology exchange agreements, exchange of knowledge.”

The treaty did not have such a significant impact on flower exports because the “challenge” of taking them to Europe “is logistic” and not a tariff, explains the flower grower.

But, he adds, “it’s certainly very positive for the industry.”

The flowers live an authentic journey to reach Europe, which begins with their transport by road in refrigerated trucks-containers to the Caribbean ports of Santa Marta or Cartagena.

There the containers are loaded on ships that cross the Atlantic on trips of between 12 and 18 days to the United Kingdom and the Netherlands.

“Although it lasts longer in the journey, the positive thing that it has (the seaway) is that the cold chain is permanent and that is beneficial for the life of the flower.” It arrives in a better state, as it hibernates, sleep, “explained Herrera.

Lange celebrates this open way for Colombian flower growers and tells Efe that “one of the advantages of the commercial agreement” is that “the import procedures have been reduced”.

According to data from the Colombian Association of Flower Exporters (Asocolflores ), total exports of this product grew by 5% in 2017 compared to the previous year, with a total of 246,000 tons.

The United States continues to be the main destination for Colombian stems, with 75% of exports, followed by Japan.

Europe consumes more flowers than the US

Los Jardines de Los Andes also send the bulk of its production – 80% – to the US, but the company is already on the way to expansion in Europe.

Because, says flower grower Herrera, “the consumption of flowers in Europe is much higher than the consumption of flowers in the United States and more consistent.”

“When it is not the season, we are exporting three containers of flowers a week (about one million outbreaks) and the idea is to see if in the second semester (…) we can raise that to five,” he adds.

“This is beneficial for companies like these because planting and maintaining these farms for specific dates every year is unthinkable, which is a very great advantage for the consumer and, in general, the European market,” he explains.

Therefore, this Colombian businesswoman hopes that the doors to the Old Continent will be opened even more for the flowers of her country, which compete in the European market with the African stems.

The Colombian flower has a market in 98 countries and last year this sector reached a record volume of exports: 1,400 million dollars.

Floriculture contributes 130,000 jobs to the Colombian economy and benefits 600,000 people, including families of workers, suppliers, and participants in the value chain.

On average, 5,300 million annual stems are produced for export, according to data from Asocolflores.

The rose is the main species exported, with 20% of the total, followed by the carnation with 18%. Chrysanthemums, alstroemerias, hydrangeas, and lilies are the other most representative species of the country.

Greater exportable offer and more market for SMEs

The European delegation, touring Colombia and Peru, arrived in the first country on February 12 and that day met with the country’s president, Juan Manuel Santos, and the Minister of Commerce, Industry and Tourism, María Lorena Gutiérrez.

Until their departure on February 14, they held meetings with the labor ministers, Griselda Restrepo, and Agriculture and Rural Development, Juan Guillermo Zuluaga, with the commissioner for Peace, Rodrigo Rivera, and with representatives of Colombian business and social organizations.

According to Lange, the trade agreement with Colombia is on the “good track” although “there is room for improvement, for example in the dialogue between civil society and the Government.”

The treaty has meant progress “especially for small and medium-sized companies in Colombia,” which have “more possibilities for exports,” he told Efe.

“We have grown in foreign investment, we have also grown in imports, but the most important thing is that we have diversified our exportable offer to Europe, especially with agriculture,” said the head of Commerce.

On the occasion of the visit, Lange and the Minister of Commerce announced the creation of a single window for European and Colombian SMEs wishing to invest solve doubts and resolve procedures.

The MEP also welcomed the increase in the number of labor inspectors, something he hopes will “lead to a better situation for workers”, since working conditions are “an important part” of the trade agreement.

After the peace signed with the guerrilla of the Revolutionary Armed Forces of Colombia (FARC), the parties have begun to work to “take concrete steps in the agreement specifically focused on the people who come out of the conflict, so that they can benefit from it”, announced Lange.

For this legislator, the agreement signed with the FARC in November 2016 is “a great achievement” for Colombia, since “investors need security and peace is an important condition”.

Lange hoped that there would also be progress in the peace talks that the Santos Executive is now holding with the guerrilla of the National Liberation Army (ELN).

World Economic Forum opens debate on sexual harassment and “fake news”

The World Economic Forum will be transformed from tomorrow on again to where leaders together with civil society and business leaders will address the world’s major problems, but also open up current debates such as sexual harassment and post-truth.

The meeting in Davos is seen as a unique platform to set the world agenda at the beginning of each year, since unlike the G20, the G7 and other international summits, not only brings together more leaders than any other forum, but also more than 3 thousand participants from the economic, political, social, cultural, academic and scientific world.

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As many as 5,000 soldiers and Swiss Army and Police chiefs will do security and, as usual, Davos airspace will be closed during the annual meeting.

The Forum will begin on Monday to warm up its engines by updating the International Monetary Fund’s (IMF) economic outlook and delivering the Crystal Awards to actress Cate Blanchett, singer Elton John and Bollywood star Shah Rukh Khan for their leadership in the defense of refugees, in the fight against HIV and the rights of children and women.

Although the 70 heads of state and government that will travel to Davos this year will inevitably play a key role, several leaders from Latin America, Europe, the Middle East and Africa, as well as the President of the United States, Donald Trump – travel to Switzerland after the government shutdown – the Forum wants to look beyond the rulers.

With over 1,900 corporate executives, 230 media representatives, nearly 40 cultural leaders, 35 international entrepreneurs, 80 youth leaders, 32 technology pioneers and 70 trade union, religious and civil society World Economic Forum becomes a place for debate on many topical issues.

In more than 400 panels and work sessions, participants will discuss how to “create a shared future in a fractured world”, the motto of this 48th edition, which will open on Tuesday with the keynote address of India’s Prime Minister Narendra Modi , as representative of the world’s largest democracy.

The idea behind this theme is to foster cooperation among all actors in society, according to founder and CEO of the World Economic Forum, Klaus Schwab.

But not only to confront conflicts, but also to seek common solutions to end gender discrimination, generate more inclusive growth and trade, lessen the effect of the digitization of industry on workers, fight against climate change and sexual harassment, to combat cyber threats and to adapt to new technologies.

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Thus, Davos addresses current issues like the #MeToo (Me too) movement, which began in Hollywood, but which affects more spheres of the political, artistic and business world – with a panel titled “Gender, Power and Face Sexual Harassment.”

As a sign of support for women, the Forum wanted to give a signal: the meeting from January 23 to 26 will be co-chaired by women alone, who are 21% of the 3,000 participants.

Davos will also have room for a debate over “fake news” and post-truth, a term used in the US because of President Donald Trump’s election to indicate that facts are not so important when it comes to influencing opinion as to appeal to emotion and personal beliefs.

The emergence of new technologies in the digital economy and in finance, such as blockchain technology, a digital technology that guarantees the veracity of operations over the Internet, will be another current issue analyzed.

In addition, the Forum will host a number of sessions devoted to cyber threats, taking into account recent global attacks on companies and Russian interference across networks in different elections, and will also launch the Global Center for Cybersecurity to foster cooperation.

Bank of England raises interest rate to 0.5%

The Bank of England has announced a rise in the UK’s benchmark interest rate from 0.25% to 0.5%, the first increase in a decade.

The monetary policy committee decided by seven votes in favor and two against applying this increase, which reverses the 0.25% drop applied in August 2016 to resist the effects of the vote favorable to Brexit (British exit of the European Union, EU) in the referendum on June 23 of that year.

The Bank of England has estimated that the British economy, which has annualized growth of 1.5%, is sufficiently consolidated to resist this increase, aimed at containing the advance of inflation, which stood at 3% in September.

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This is the first increase in interest rates in this country since July 2007, before the global credit crunch exploded, which plunged the UK into a recession.

To address this crisis, the bank lowered interest rates to 0.5% in March 2009, at which level they remained until the reduction to a new all-time low in August 2016.

The Bank of England has also decided to keep its quantitative expansion program intact – to stimulate the economy – in which it has invested a total of £ 445 billion to buy mostly public-private bonds.

In its report released today, the institution predicts that the British economy “will grow modestly in the next few years,” while consumption, an economic engine, “will remain fragile in the short term” until eventually, it will rise to wages.

The bank acknowledged that although the effects of Brexit were lower than expected, they “affected business investment” despite benefiting exports.

“Inflation is expected to fall next year, eventually reaching the 2% target,” the institution said, noting that any future interest rate increases will be “moderate and gradual.”

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With unemployment at 4.3 percent – its lowest in 12 years – the UK economy held up better than expected to the effects of Brexit’s trading with Brussels and rose 0.4 percent in the third quarter, up from 0, 3% of the previous two quarters.

This generates an annualized growth of 1.5%, slightly below 2% estimated by the Government last March.

Nonetheless, low wages and rising household debt, which plagued domestic demand, have led many analysts to believe that today’s increase in interest rates will be timely rather than the beginning of a series of increases.

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