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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Oil continues its price escalation and closed at $ 47.72 

  Texas Intermediate oil (WTI) rose by 3.26% yesterday and closed at $ 47.72 per barrel, its highest level in five months, a $ 1.51 advance over the previous close. The benchmark oil in the US, which is used as an indicator for Ecuador, continued its upward trend of recent days...

Ecuador bananas conquer the Chinese market

Thirteen members of the Nueva Vida Association of Small Banana Producers, based in the province of El Oro, will export 9,240 boxes of bananas weekly for 52 weeks to China through a commercial operation of the National Storage Unit. China is a potential major consumer of bananas,...
Posted On 08 May 2016
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IMF analyzes a loan request from Ecuador

  The International Monetary Fund (IMF) received a credit line request from Ecuador after the devastating earthquake that hit the country on Saturday 16 April, said Wednesday Alejandro Werner, director of the Western Hemisphere Department of the IMF. The IMF will analyze the...