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Banecuador will forgive overdue loans for some 27,000 clients. Most of them are located on the Coast, according to the manager in charge of the institution, Fernando Chiang. As of July 27, 2022, BanEcuador will begin the process of canceling debts of up to USD 3,000 that are...

Founded on August 13, 1910, the traditional Guayaquil Tennis Club is one of the most emblematic social and sports entities in the city. But his influence, in various orders, long ago went beyond the limits of the city to expand throughout the country. So brilliant is its history...

Exports from Ecuador, Paraguay and Jamaica feel the impact of the Russian invasion of Ukraine, which translates into lower economic growth and more poverty. More than 100 days have passed since the Russian invasion of Ukraine began, and Ecuador is among the three Latin American...

The European Union (EU) launched this Thursday, June 16, 2022 in Ecuador its Team Europe initiative, a new cooperation framework that, with a contribution of 15.5 million euros, seeks to generate more than 500 million euros in investments in the sector public and private for...

Petroecuador reported on June 15, 2022 that its own production , together with that of the consortiums, registered an accumulated loss of approximately 2,500 barrels of oil, from last Monday to this Wednesday. This as a result of stoppages, sabotage and vandalism in the oil...

The Deputy Minister of Economy, Bernardo Orellana, in an interview for Ecuador TV, released the figures of losses in the country during these days of demonstrations. The official indicated that, so far, there are already close to USD 30 million economic losses due to stoppages....

The Ecuadorian Business Committee (CEE) asks that the protests take place in peace and asks the authorities to sanction those who carry out acts of vandalism. A day of demonstration in the Sierra region of Ecuador costs the productive sector about USD 3.2 million , says Felipe...

The penetration of mass consumption chains increased due to an aggressive expansion strategy, because there is still an unattended market. The mass consumption business had a good year in 2021, with a growth in the value of the shopping basket of Ecuadorians of 10% compared to...

With 190 votes, the UN General Assembly elected Ecuador as one of the five non-permanent members of its Security Council. Japan, Malta, Mozambique and Switzerland are the other members. Ecuador was elected on June 9, 2022 as one of the five members of the United Nations Security...

Minister Bernardo Manzano pointed out that the audit will be carried out on the 245 companies that export bananas, as well as the 15 export associations. With the notification to 25 banana exporters, the Ministry of Agriculture and Livestock (MAG) began the audit process...