The weather affects coastal agriculture

  Unusual climate variations, from cold to hot, rains in summer and pests ruin tomato, watermelon and melon crops in the coast, long before winter arrives. What nobody thought would happen happens: the peninsula of Santa Elena and the Guayas province have become marginal...
Posted On 30 Oct 2015
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Companies have foreign debt by $ 7.061 million

  This was revealed by official figures of the Central Bank of Ecuador (BCE). From January to August this year, the final balance of their commitments totaled 7.011 million dollars, of that total debt, $ 3,510 million were fresh loans.   According to the Central Bank...
Posted On 30 Oct 2015
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Chairman of the Business Committee recommends shielding dollarization against the “economic problem”

The president of the Ecuadorian Business Committee (CEE for its Spanish acronym) Henry Kronfle, said this morning that the debate of Wednesday night left a margin of subjectivity on the part of the guests regarding what measures should be applied to combat or cure the economic...
Posted On 30 Oct 2015
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Figures of 2016 budget continue to change

  The General State Budget for 2016 will not be 25,700 million. According to the Ministry of Finance, Rafael Correa failed to mention 4,200 million dollars. The budget would amount, then, to 29.900 million. Minister Fausto Herrera pointed out that the budget _ announced by...
Posted On 30 Oct 2015
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Ramiro Gonzalez: They changed the scheme of the program at the last minute

Ramiro Gonzalez, director of Avanza and former Industries Minister of the government of Rafael Correa, said that the country lost the opportunity to hear a real debate. First, an invitation was made to an economic dialogue and it turned into a political debate; and second,...
Posted On 30 Oct 2015
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La monilla and the leaf rust diseases affect 170,000 hectares of coffee and cocoa

Crops of coffee and cocoa in Santo Domingo de los Tsachilas and coastal provinces were affected by the cold and continuous rains. According to the Association of Cocoa producers of Santo Domingo, about 5000 hectares of cocoa were affected by la monilla between July and October...
Posted On 30 Oct 2015
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Isaiah brothers will claim the payment of court expenses

  The lawyer of Roberto and William Isaías, former owners of the extinct Filanbanco, announced yesterday he will begin the process so that the brothers recover the money spent on defending from the lawsuit brought by the state in 2009. The process intended to charge, in the...
Posted On 30 Oct 2015
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Serrano Minister authorizes police agents ‘to repel criminals’ before they fire

“As interior minister of this government, I announce that the police has the full backing of the state to act under the progressive use of force before criminals take out weapons such as guns or knives.” The statement of Minister Jose Serrano, last Wednesday in Quito,...
Posted On 30 Oct 2015
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Ecuadorian cocoa was awarded in Paris

Ecuadorian Cocoa was awarded for its excellent quality, this news was released by Valeria Escudero, director of the Commercial Office in Paris of Pro Ecuador. Alicia Villacis Encalada plantations and the Agricultural Association La Fortaleza won the International Cocoa Awards....
Posted On 30 Oct 2015
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Municipality of Guayaquil increases its budget up to 707 million for 2016

  Guayaquil City Council approved yesterday unanimously the draft budget of 2016 which rose to $ 707’200.000,00 compared to this year ($ 663’853.000). The council explained that the proposed draft states 179’200.000,00 dollars as own resources, equivalent...
Posted On 30 Oct 2015
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