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President Lenin Moreno met with Chilean businessmen

Ecuadornews: The president of Ecuador, Lenin Moreno, met on Wednesday October 24 with representatives of the Chamber of Commerce of Santiago de Chile, who expressed their interest in strengthening the exchange between the two countries. “Friends, welcome. We are two nations...
Posted On 25 Oct 2018
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The un-authorized charges are a business without controls

Ecuadornews: The business of non-financial services that move through the banks is enormous. Insurance, assistance, advice … So far this year, it is around 500 million dollars, 5 percent of which (24 million) corresponds to the fees that banks charge for the service; 33...
Posted On 25 Oct 2018
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Control ‘irritates’ Chinese oil companies

Ecuadornews: Modifying the signed is more complicated than it seems. Ecuador has problems to reach agreements with the oil companies that previously bought crude, during the government of former president Rafael Correa. Petrochina and Unipec requested the inclusion of special...
Posted On 25 Oct 2018
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Clients reported 51,218 cases of unjustified collections

Ecuadornews: In the National Assembly there is concern about the breach of regulations and the lack of control of agencies that monitor the financial and corporate system. Between January and September of this year, the financial entities reimbursed $ 1.2 million corresponding to...
Posted On 25 Oct 2018
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Ecuador wants regional bloc against German plan Aldi to lower banana value

Ecuadornews: Ecuador, the world’s largest banana exporter, is pushing for Latin America to act in a common block against the plan of the German supermarket chain Aldi to pay one euro less for the fruit box. “We have to structure an external front with all the...
Posted On 25 Oct 2018
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Ecuador banana workers warn against German Aldi’s plan to lower the fruit’s box value

Ecuadornews: Ecuador, the world’s largest banana exporter, is pushing for Latin America to act in a common block against the plan of the German supermarket chain Aldi to pay one euro less for the fruit box. “We have to structure an external front with all the...
Posted On 24 Oct 2018
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In the countryside employment grows, but it is becoming more precarious

Ecuadornews: In the rural sector, the recovery of the labor market has become a mirage. Although the September unemployment rate has managed to reach its lowest level (1.7%), this does not translate into well-being for its population. Quite the opposite. Labor precarization has...
Posted On 24 Oct 2018
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Banana exports grew 5% in 9 months

Ecuadornews: Banana exports grew 5.24% in the first nine months of 2018. And if the trend continues, this year could once again lead the sales of non-oil products from Ecuador. Up to week 40 (end of September), exports of the 43 pound case totaled 265.9 million, while in the same...
Posted On 24 Oct 2018
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The presence of Venezuelans in Ecuador amounts to 250,000

Ecuadornews: Eight days after the end of the state of emergency established by the Government, the flow of Venezuelans entering Ecuador through the northern border decreased from 6,000 to 2,000 citizens a day. These data were delivered during a discussion between authorities of...
Posted On 24 Oct 2018
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Importers from 13 countries negotiate in banana round

Ecuadornews: In the framework of the XV International Banana Forum, Ecuador began on October 23 the second edition of the business conference “Banano del Ecuador”, an event held at the Hilton Colon in Guayaquil, which was attended by 40 exporters from the country....
Posted On 24 Oct 2018
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