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After the new increase in interest rates, in a context of US banking instability, the FED suggests a pause in the increases. The Federal Reserve (Fed) of the United States announced on May 3, 2023 a new rise in interest rates, of 0.25 points, which places the rates in a range...

Destinations such as Germany, Greece or the Netherlands demanded more of the product. By country, Russia continues to be the largest buyer. A better start to the year for the banana sector. Exports of one of Ecuador’s star products, measured by boxes, grew 4.57% in the...

After Credit Suisse’s announcement that it will buy Ecuadorian debt bonds, the country risk dropped 81 points and stood at 1,840. Ecuador’s country risk indicator dropped 81 points and stood at 1,840 points on Wednesday, April 26, 2023. The reduction occurs after the...

Ecuadorians see cryptocurrencies as a form of investment. Its use as a payment method is prohibited in the country. In Ecuador, three out of 10 people who have a bank account have bought cryptocurrencies , according to the study Trends in Means of Payment, carried out by the...

The income of women fell, since in March 2022 they earned an average of USD 427. Their average income is less than a basic salary. The average monthly income of Ecuadorian workers was USD 445.1 in March 2023, according to the National Institute of Statistics and Censuses (INEC)....

The progress of vaccination against bird flu in Cotopaxi, Tungurahua and Pichincha is 76%. These are the most affected provinces. More than 4.7 million birds have already received the first dose of the avian flu vaccine, according to the Phyto and Zoosanitary Regulation and...

ECLAC slightly reduced its GDP growth projection for Latin America and the Caribbean for 2023 from the 1.3% estimated last December to 1.2%. The reduction in regional GDP growth calculated by the Economic Commission for Latin America and the Caribbean (ECLAC) is mainly explained...

Some services that are exported from Ecuador are insurance and payment platforms, according to the Ministry of Production. About 15 companies from the Ecuadorian technology sector are in Miami, on April 20, 2023, to present their offer of services to businessmen in the United...

In February, the value of mining exports once again displaced bananas and plantains, which are traditional from Ecuador, from third place. The value of mining exports closed in February at USD 334 million, that is, 41% more than in the same month last year, according to the...

The Brazilian firm plans to open 20 stores in Ecuador in the next five years. Two of them will open in 2023. The Jorge Bischoff brand, from Brazil, opened a store in the Cumbayá Valley, in Ecuador, on April 12, 2023. This is the second location of the Brazilian company. The first...