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‘Politicization’ of scholarships is feared before the activation of the students front

  Some education experts believe that the message addressed to young people during the presentation of a student movement has a “political burden” that would seek, they say, to condition the scholarship awards with the support of the regime of Rafael Correa. Last...
Posted On 15 Feb 2016
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Exports fell by USD 7 366 million in 2015

  2015 was a year of negative results for most Ecuadorian exports. This is shown by figures of the Central Bank of Ecuador (BCE for its Spanish acronym). Total sales fell by 28.6% between 2014 and 2015, mainly impacted by falling oil prices and other commodities, and the...
Posted On 15 Feb 2016
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Oil dependence reached a 70 percent

    Paradoxically, the price of oil goes up and down like the waves _ of the beach where the first barrel was found in Ecuador, in Ancon, in 1911. But this subliminal message was not caught and the national economy even depends on oil by 70%. Santiago Bucaram, director of...
Posted On 15 Feb 2016
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$ 59.7 million in Central Bank Securities are traded during the first month

  During the first month of the new payment mechanism with Central Bank securities (TBC for its Spanish acronym), which intends to offset debts with the Internal Revenue Service (IRS) and make payments to suppliers through the Stock Exchange,  $ 59.7 million have been paid, 29.8%...
Posted On 15 Feb 2016
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