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3 million adults undertook in 2017

Ecuadornews: Three out of ten adult Ecuadorians are entrepreneurs in Ecuador. Of these, 52.1% are women and 47.9% are men. The data was unveiled by the Global Entrepreneurship Monitor Ecuador presented by the Polytechnic School of the Litoral (Espol). GEM Ecuador collected...
Posted On 08 Aug 2018
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The economy discourages the creation of businesses

Ecuadornews: The economic instability that the country is living has not only affected the loss of quality jobs, but also the desire to create and sustain new businesses. At least that is how the statistics of the Global Entrepreneurship Monitor (GEM) coincide, which for 2017...
Posted On 08 Aug 2018
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Ecuadorian bonds, unwanted

Ecuadornews: When is it convenient for Ecuador to issue bonds? That is the question that international capital markets are now asking. For now, there is no answer. What is clear is that Ecuador will not be able to do so in the short term. Ecuador needs to issue paper to get money...
Posted On 07 Aug 2018
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20 cacao companies have a seal of quality

Ecuadornews: The Ministry of Foreign Trade delivered yesterday the Premium & Sustainable certification to producers in three provinces. The process to obtain it is free. Twenty firms producing and exporting cocoa from Los Ríos, Guayas and Santo Domingo de los Tsáchilas...
Posted On 07 Aug 2018
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Ecuador records negative inflation for 11 consecutive months

Ecuadornews: Year-on-year inflation from September 2017 to July 2018 has registered negative variations. The Consumer Price Index (CPI) of Ecuador recorded a variation of -0.004 percent in July, while that of the same month last year had been placed at 0.14 percent, reported the...
Posted On 07 Aug 2018
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The expense for the ‘failed plans’

Ecuadornews: The vestiges of the failed economic relationship between Ecuador and Venezuela still take their toll. Two of the three bilateral companies generate expenses paid by the Ecuadorian government. The Great National Mining is an example. Although its status in the...
Posted On 06 Aug 2018
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Three out of ten people have a smartphone in Ecuador

Ecuadornews: Three out of ten Ecuadorians own a smartphone. This is stated in the White Paper of the Information and Knowledge Society of the Ministry of Telecommunications, which contains the advances and challenges of the sector. 90.8% have access to 3G and 4G technology. A...
Posted On 06 Aug 2018
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Subsidies to gas and diesel cannot be touched

Ecuadornews:     The Government draws up the scope of the subsidy review. The Minister of Economy and Finance, Richard Martinez, said yesterday that the subsidies for Liquefied Petroleum Gas (LPG), for domestic use, and diesel will not be reviewed. The statements were made...
Posted On 03 Aug 2018
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Refinery in Manabí arouses the interest of four international consortiums

Ecuadornews:     The Minister of Foreign Trade, Pablo Campana, informed that the strategic project will generate investments that will reach $ 10,000 million. The official explained the importance of Ecuador integrating the Pacific Alliance. A fourth foreign consortium wants...
Posted On 03 Aug 2018
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The IDB believes that the country is walking to an opening

Ecuadornews:   The president of the Inter-American Development Bank (IDB), the Colombian Luis Alberto Moreno, said yesterday that Ecuador is in a process of economic openness with special focus on the private sector as a driver of development. “I see that the president...
Posted On 03 Aug 2018
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