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As of June 2023, 27 out of every 100 Ecuadorians were in poverty, according to INEC. These people live on less than USD 3 a day. By June 2023, 4.9 million people were in poverty, that is, 27 out of every 100 Ecuadorians, according to the latest report from the National Institute...

In Ecuador, the Norwegian company Yara promotes the so-called precision agriculture, a promising practice to combat climate change, but not so affordable for small and medium producers. A laboratory in Pocklington, England, is an ally of agriculture. It has the capacity to...

To boost the production of craft beer, representatives of the sector hold the Middle of the World Beer Cup, which ends on July 23, 2023. Craft beer production in Ecuador has reached 6.4 million liters per year, according to the Association of Craft Breweries (Asocierv). Craft...

Ecuador’s international reserves increased by USD 36.1 million, after the Central Bank acquired gold from small artisanal miners. After completing the refining of non-monetary gold of 18,955.4 ounces (589.84 kilos), by the Central Bank of Ecuador (BCE), the country’s...

Commerce is also one of the main economic activities in which young employees have found more opportunities. 43 % of job offers are related to commercial or sales profiles, according to the Labor Market Index Report, made by the Multitrabajos portal. Instead, there are fewer job...

According to the Minister of Telecommunications, Vianna Maino, citizens will not be left without cell phone service, despite the fact that negotiations with the operators have not been closed. While the deadline to close the negotiations with the telephone companies, Claro and...

Public investment projects that have a positive environmental and climate impact can seek financing from green bonds. The Government presented this Tuesday, July 11, the Sovereign Green Bond Framework. It is a mechanism to finance public investment projects with a positive...

Cars assembled in Ecuador went from a 10% share of sales to 15% in the first half of 2023. Cars of Chinese origin are the best sellers in Ecuador, but in the first half of 2023, they reported a drop of 4.5 percentage points in participation in vehicle sales compared to the same...

Ecuadorians’ perception of the country’s economy is less optimistic in the short term, according to a Central Bank report. 42 % of Ecuadorians believe that the country’s economy will improve in the next 12 months. It is supported by a survey by the...

Small banana producers in El Oro warn of a loss of 50,000 hectares due to El Niño. For the exporting union, this calculation is an “exaggeration”. Banana producers from El Oro and exporters differ on the possible effects of the El Niño phenomenon on crops and the sale...