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"You need a bunch of other expertise around the table in addition to raw engineering talent," says Casnocha. "There is still work to be done in terms of the human capital."

The sale of Generali Colombia come as a result of Generali's strategy to move out of Latin America and Talanx's push to grow in the region.

Miyamoto, which specializes in engineering buildings to withstand earthquakes, operates a project in Pasto and has launched its first South American office in Bogotá.

The five top winners of the Ecopetrol Awards may receive more than $8,000 USD, and another 12 winners will walk away with $2,000 USD or more.

El Dorado International Airport in Bogotá will have no commercial flights from 10:00 am to 12:30 pm on July 20.

All Bladex stockholders as of August 2 will be eligible to receive the the quarterly cash dividend of $0.385 USD per share on August 17.

With 11,000 victims since 1990, Colombia is one of the most "mine-affected" countries in the world.

"Inaction is not an option," said John Kelly, head of the U.S. Department of Homeland Security, in a warning to international airports.

The perception of security in Colombia is better than the three other largest countries in Latin America: Mexico, Brazil, and Argentina.

"We will continue to reduce spending with the objective of hitting fiscal targets and reinforcing our country’s BBB rating,” said Mauricio Cárdenas.