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The Basic Salary Increases 10%

Is already defined the basic salary for 2011, which increased a 10% for workers of the public and private sector. The wage increase will be of $264 and shall be effective from January 1. The government executed the raise by the Labor Ministry because the National Wages Council...
Posted On 17 Aug 2019
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Ecuador’s Dairy Industry requests to lift the ban of Whey Sales (August – 2019)

The period of prohibition for milk whey, which is obtained during cheese production, will end on August 25 in Ecuador. But these 6 months of recess, served to regulate this sector which, for the most part, is questioned for subtracting land from the commercialization of milk...
Posted On 08 Aug 2019
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The Ecuadorian shrimp will be the first in the world in which its digital information is available to customers

In the coming months, in European countries or in the United States, the Ecuadorian shrimp boxes will include a QR code with which, customers with the cell phone, can obtain information such as: who harvested it, how it was processed and packed, how many hours he traveled from...
Posted On 07 Aug 2019
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The European Union requires Ecuador to update its Fishing Law (2019)

Ecuador exports $ 1.5 billion annually in tuna. 65% of that amount has the European market as its destination. This important export activity is currently at risk, because Ecuador’s Fisheries Law is so old that it cannot ensure compliance with Europe requirements. If...
Posted On 06 Aug 2019
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Banana-producing countries team up to fight the Fusarium R4T pest

Agriculture ministers from banana-producing countries such as Colombia, Costa Rica and Ecuador, as well as representatives from the Dominican Republic, Belize, Cuba, Guatemala, Mexico, Nicaragua, Panama, Peru, and others, signed a joint declaration on Monday to fight the Fusarium...
Posted On 06 Aug 2019
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Ecuador showed a slight reduction in their banking service fees (August, 2019)

The Ecuadorian government ordered last month (June 2019), to reduce the banking service fees in the country. At the beginning of August, banks began to manage the fee reduction of these services, although most of them still do not show changes in their prices. Among the most...
Posted On 05 Aug 2019
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Alvarado, among the seven cited by Arroz Verde

Vinicio Alvarado, María Augusta Enríquez, Viviana Bonilla, Hilda Rocha, Bertha Saavedra, Patricia Canelos and Gregorio Castellanos are the first seven to be summoned to the Public Prosecutor’s Office in the case of Arroz Verde. They were summoned by the Prosecutor’s...
Posted On 28 Jun 2019
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Former Minister Pedro Merizalde received money from Odebrecht

Former Hydrocarbons Minister Pedro Merizalde Pavón has kept a secret for six years: an offshore company of his kept an account with the Bank of Canada (Suisse), in Geneva, to which payments came from Odebrecht. THE UNIVERSE agreed to five bank transfers for a total of $ 320,000,...
Posted On 28 Jun 2019
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The banks begin to listen entrepreneurs

It is known that most ventures die in the attempt, but little is known that to make a leap other than vacuum the key is to get financing. In Ecuador, a survey by the Herbalife Nutrition catalog company indicates that two are the main barriers to entrepreneurship: 70% say that the...
Posted On 28 Jun 2019
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Aquaculture sector spearheaded sales intentions in Macro Business Match with $ 111 million

ECONOMY Of the twenty productive sectors that until Thursday participated in the Macro Business Match, in Guayaquil, the one of the Aquaculture was the one that recorded the highest sales expectations during the first of the two days of event with $ 111 million, according to the...
Posted On 28 Jun 2019
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