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Yachay, contaminated by corruption

Ecuadornews: A report of criminal responsibility of the Comptroller determines a damage to the State for $ 31.4 million. With an investment of just over one billion dollars and 187 selected students from the country, on March 31, 2014, the Yachay Experimental Technological...
Posted On 05 Apr 2019
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World Bank approves $ 350 million loan for Ecuador

Ecuadornews: A $ 350 million loan to support the Ecuadorian government was approved Thursday by the World Bank’s Board of Executive Directors. This was made known through a statement. The loan would benefit more than 228 thousand households with minor children and elderly...
Posted On 05 Apr 2019
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Sicom and e-Ecuador with more information for foreign trade

Ecuadornews: The technological tools for foreign trade, the Commercial Intelligence System (Sicom) and the e-Ecuador platform, which were launched in 2018, were updated and presented this Monday by the Ministry of Production, Foreign Trade, Investment and Fisheries, in an act in...
Posted On 02 Apr 2019
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Farmers ask to focus credits for each sector

Ecuadornews: Yesterday, in Guayaquil and in Vinces, the Government presented simultaneously the aid plan for those affected by the rains. Although the project was well seen, farmers believe that financing should be channeled, according to the needs of each sector of the...
Posted On 02 Apr 2019
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Crude price recovered the first quarter of 2019

Ecuadornews: The price of intermediate oil of Texas (WTI), which serves as a reference for Ecuadorian crude oil, rose on Monday April 1, 2019 by 2.4% and closed at USD 61.59 a barrel. This figure is the highest since November 2018, when it reached USD 56.75. Then, in December...
Posted On 02 Apr 2019
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The grain of coffee on a 400-kilometer trip

Ecuadornews: The place where Bionay Bravo Fernández lives is bordered by mountains. What is seen from the gray asphalt of the E-50, the Pan-American Highway, is a landscape populated by trees of all kinds. From banana groves full of green fruit to gutarnas and myrtles. Everything...
Posted On 02 Apr 2019
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TIC and treaty are crucial to recover the United States market

Ecuadornews: There is concern in the export sector to complete the fourth consecutive year in which Ecuadorian non-oil sales to the United States, its main trading partner, fall by an average of 2%. This is revealed by figures from the Ecuadorian Federation of Exporters...
Posted On 02 Apr 2019
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Textile companies recover after two years of crisis

Ecuadornews: The industry contracted especially in 2015 and 2016. Companies now record solvency and improve growth expectations. Between 2015 and 2017, sales in the textile sector of Ecuador fell by 28.4%, affected by the slowdown in the country’s economy. In 2018,...
Posted On 02 Apr 2019
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Tourism and agriculture, in the sight of Italian businessmen

Ecuadornews: The analysis that will be carried out by the National Assembly Inspection Commission on the publication of the La Fuente portal, regarding the “Offshore Labyrinth of the presidential circle”, will not necessarily imply calling the President of the...
Posted On 28 Mar 2019
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After remission, heavy crude oil pipelines dismisses arbitration demand

Ecuadornews: Heavy Crude Pipeline withdrew an international arbitration claim filed in March 2018 against Ecuador at the UN, in which it claimed at least $ 250 million from the country. That demand was filed last March, due to disagreements in tax matters “that have been...
Posted On 28 Mar 2019
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