Month

Ecopetrol took over operation of the Recetor oilfield in Colombia this week after the expiration of its contract with Equión Energía.

The violation, if confirmed through a full investigation, would impost a fine of more than $11,000 USD on Viva Colombia.

"We have agreed that the arms handover will not end tomorrow as had been planned, but instead within 20 days," said President Santos.

Most analysts are equating the underwhelming growth to low consumption following the recent tax hike that increased Colombia's VAT by 3%.

"Corporates have been negatively affected by elevated interest rates in several countries and rising taxes," said Paula Bunn of Fitch Ratings.

The 25-point cut narrowly won the day among central bank board members with a 4-3 vote. All three dissenters preferred another 50-point reduction.

The memorandum of understanding between Colombia and South Korea highlights technology-centric themes and issues related to information systems in justice.

The Tier III-certified data center was built by Bogotá-based ZFB Group and will be located within the capital’s ZF Towers Services and Technology Park.

The former foreign minister of Colombia and outgoing head of the Colombo American Chamber of Commerce brings 35 years of diplomatic experience to Washington.

Cali will get direct flights to Santa Marta, Bucaramanga, and San Andrés, while Cartagena and Medellín also get new routes to San Andrés.