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Strikes, protests and blockades cost Colombia’s economy US$893.9M in 2013

Wednesday, January 29th, 2014 Category: Security & Public

The accumulated losses from multiples strikes and protests in 2013 cost the Colombian economy a total of CoP$1.8T (US$893.9M), with the largest loss coming from the August 2013 general strike. The oil industry has felt the effect due to reduced transportation options, and frozen fuel prices have eaten into Ecopetrol (NYSE:EC) revenue.

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