Everything to save cocoa

The news is what exactly the Cocoa International organization does to correct the current situation that has them in the air. Some weeks ago, a reunion was held by the Ecuadorian and vice-minister of Agriculture, Luis Valverde, who leads the most important organism in the world....

French oil company asks Correa to intervene in debt

French oil company, Schlumberger, warned President Rafael Correa about the “financial stress” that he is overgoing because of lack of payment. Schlumberger, through a contract with Petroamazonas, is in charge of the production of the Shushufindi and Auca fields. The debt the...

Ministry of Finances will go to China for a new loan

A new loan of 1000 million dollars is being negotiated with China, to reconstruct coastal sectors that were affected by the earthquake, on April 16th 2016, informed yesterday President Rafael Correa. During his visit to Quito this last November, the Chinese mandatary Xi Jinpin...

A trade agreement is not in the plans of Ecuador, nor of the United States

The commercial relationship with the new United States Government worries the national business sector for the continuity of tariff preferences that country unilaterally grants to Ecuadorian products and that will expire on December 31. Juan Carlos Cassinelli, Minister of Foreign...

The shrimp feeds the animal feed industry

The shrimp farming nourishes other sectors with its best harvest after overcoming the flow of diseases, low production, and low sales. In recent years, the animal feed industry has not only been expanding in the market with a production increase but with the arrival of new...

The textile sector is the second largest employer in Ecuador

The textile industry is the second largest in Ecuador, which generates more jobs, with 174,125 jobs representing 21% of the country’s manufacturing sector, said on Wednesday the Minister of Industry and Productivity, Santiago Leon. The sales of the textile sector were USD 1...

Economic presidential offers focus on employment, social assistance, and loans

The central campaign promises of the presidential hopefuls have to do with improving the employment figures for Ecuadorians, changes to the Human Development Bonus and generating soft loans, although each candidate proposes different mechanisms to achieve these goals. Although...

The State is indebted on several fronts

The public sector accumulates external debt in each agency it administers. The commitments to pay in municipalities, local governments and public companies, -without including the debt that directly contracted by president Rafael Correa- amount to 2,516.2 million dollars. The...