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Ecuadorian shrimp is stalked by crime

Attacks on boats, robberies in shrimp production pools and extortion of companies are increasingly common. Until August, there were 64 criminal acts against the sector. Thefts in breeding pools and attacks by hooded men with rifles at sea. Ecuador, the world’s leading...
Posted On 06 Oct 2023
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Prosecutor’s Office raids Seguros La Unión for embezzlement

An alleged embezzlement in the contracting of a policy is being investigated. In the middle of the process, a video was released that reveals alleged irregularities. According to the information released by Petroecuador, the raids are related to the contracting of the oil all-...
Posted On 06 Oct 2023
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The airline Equair stops operating with USD 17 million in losses

The Ecuadorian airline Equair closed 2022 with losses of USD 17 million. Thousands of passengers are waiting for their flights to be rescheduled. With a flight between Guayaquil and Quito carried out on December 29, 2021 , the Equair airline inaugurated its operations in the...
Posted On 04 Oct 2023
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Shrimp farmers denounce that insecurity costs USD 100 million to the sector

Shrimp farmers have had to incur more expenses in a year in which their income has been reduced, due to the fall in prices abroad. The National Chamber of Aquaculture (CNA) denounces that shrimp farmers have had to incur greater expenses to protect themselves from the insecurity...
Posted On 29 Sep 2023
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Ecuadorian companies promote IDEA law in favor of Ecuador in Washington

They launch the Coalition of American Companies to promote the IDEA Law, which will facilitate the entry of products from Ecuador to the United States without tariffs. Representatives of Ecuador’s private sector visited Washington on September 25 and 26 to promote the...
Posted On 28 Sep 2023
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Ecuador incorporates 25,000 hectares of paramo to its protected areas

The Government of Ecuador announced this Saturday that it incorporated some 25,000 hectares of Andean moors near the city of Cuenca (south) to a list of more than 70 environmental zones protected by the State. The Ministry of the Environment reported in a statement that the...
Posted On 27 Sep 2023
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Ecuador still has one of the weakest passports in Latin America

Ahead of Ecuador are countries such as Peru, El Salvador, Colombia, Nicaragua and Venezuela, according to the global passport ranking. Ecuador’s passport is one of the weakest in Latin America, based on the number of destinations citizens can enter without a visa. A global...
Posted On 26 Sep 2023
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The European Union increases its banana consumption

National sales from January to August of this year totaled 247,960,827 boxes, 7% more. The banana industry continues on its recovery path with greater shipments. From January to August 2023, according to data from the Banana Marketing and Export Association (Acorbanec), exported...
Posted On 26 Sep 2023
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Economy in 2024: stagnant, without the ITT and with a mining sector in decline

The El Niño Phenomenon and the brake on mining and oil activities will hit the Ecuadorian economy in 2024, which will barely grow 0.8%, according to the ECB. Stagnation, that is the scenario for the Ecuadorian economy in 2024, according to the latest projections published by the...
Posted On 20 Sep 2023
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The United States is the first destination for Ecuadorian organic bananas

The export of Ecuadorian organic bananas recovers in 2023, like that of conventional bananas. Its main market is the United States. Between January and July 2023, Ecuador exported 357,140 tons of organic bananas, according to data from the Central Bank. Of that amount, 76% was...
Posted On 19 Sep 2023
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