The return of the low oil prices

The future of oil is so uncertain that even the agreement of the countries of the Organization of Exporting Countries (OPEC) seems to be able to stabilize rising prices. Moreover, the alerts sound again on the New York Stock Exchange, fearing that the OPEC will not be able to...

Odebrecht: the government sets sights on other suspects

The president pointed to two suspects. The IRS speaks of unwarranted millionaire transfers. Mauro Terán’s defense attorney criticizes the legal process. The government is trying to distance itself from the case of alleged corruption related to the Brazilian company...
Posted On 10 Jan 2017
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The rate hike strengthens the dollar and generates problems for Ecuador

The rise of interest rates in the United States is a blow to the three bodies of the Ecuadorian economy: the dollar, oil, and financing. The Federal Reserve (Fed) rose on Wednesday from 0.50 to 0.75 the benchmark interest rate, and like the flu, global markets caught a cold....

The government bids Sopladora and CNT to investors from Europe

The Government bid to European investors the granting of the Sopladora hydroelectric plant and a strategic partnership with the National Telecommunications Corporation (CNT for its Spanish acronym). This was confirmed yesterday by coordinator minister of strategic sectors Rafael...
Posted On 20 Sep 2016
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Germany is the EU country that buys more to Ecuador

The taste and the deep green color of broccoli opened the European market to the Ecofrost exporting company, which began to ship the frozen product in 1996. The facilities of this company are in the Potreros Altos area, in the Aloasi parish, in southern Pichincha. At 3,000 meters...
Posted On 19 Sep 2016
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The lack of data leaves oil market blind

  The historic drop in oil prices has created a backlog of inventories, most of which are stored in tanks in the United States and other industrialized countries that regularly report on their latest stock levels. However, millions of barrels also end up in destinations...

The ‘brexit’ also affects the growth of the euro zone

  The uncertainty caused by the British decision to leave the European Union will result in a slowdown of the economic growth in the euro zone to 1.4% in 2017 from 1.6% this year, and risks are increasing, said the International Monetary Fund (IMF). For 2018, a growth of...

Brexit would not alter the signing of the agreement between the EU and Ecuador, stated Peter Schwaiger

The recent decision taken by Great Britain, through a referendum, of separating from the European Union (EU) would not bring direct consequences for the scheduled times and the ratification of the the accession of Ecuador to the Multiparty Trade Agreement with that block (28...
Posted On 27 Jun 2016
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