Foreign investment halved in 2016

In 2016 foreign capital generated revenues of $ 744.04 million dollars in national projects, but that figure was almost the double the previous year: 1.322 million dollars. Even the most seductive sector for investors, mining, reduced its foreign capital flow by $ 80 million:...

The brake on the automotive industry

Figures generate confusion according to representatives of the automotive sector. For them, the fact that sales had increased in the first quarter of the year is positive, but not satisfactory. As they explained, the number only indicates a rise when compared with the same period...

Oil catapults exportsOil catapults exports

Revenues from crude oil exports doubled (109%). The outgoing Government had not budgeted so, but in the first two months of the year, it received $ 593 million more for the sale of oil. The recovery of oil prices, besides generating more income for the public investment of the...

A recessive year has a negative impact on profits

Net profits fell by 11.3% last year compared to 2015, according to figures from 54 companies listed on the Quito Stock Exchange. Paul McEvoy, the general manager of the BVQ (Quito Stock Exchange for its Spanish acronym), said a “not very encouraging” economic scenario...

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...