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Fall of passengers disrupts plan of new airport for Guayaquil in 2024

Ecuadornews:   The billboard advertising the Pedro Menendez Avenue new airport in the area of Daular for 2024 was withdrawn. In its place was placed another with the awards achieved by the air terminal managed by Tagsa. The change coincided with the diffusion of wedges in...
Posted On 09 Jul 2018
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Foreign investment in Ecuador grew 21.3%

Ecuadornews:   Verónica Artola, manager of the BC, explained that the Venezuelan investment is mainly for oil services, in addition to mining and quarrying. For the former Vice Minister of Foreign Trade, José Xavier Orellana, the increase of 21.3% in FDI in the first quarter...
Posted On 09 Jul 2018
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Good weather and investments favored 10 products

Ecuadornews:   Ten crops stood out last year for their significant growth in area and production. In this list were: dry bean, pineapple, dried beans, broccoli, dry soft corn, orange, dry hard corn, hearts of palm, corn hard corn, coffee, plantain banana. Most grew in both...
Posted On 09 Jul 2018
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Manufacturing, the first niche of foreign investment

Ecuadornews:   Of the $ 606 million that came to the country last year as Foreign Direct Investment (FDI), most ($ 143 million) arrived in the manufacturing industry; an important figure for Ecuador in a year in which it received 20% less capital, but still has a huge...
Posted On 09 Jul 2018
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The draft of the Port of Posorja will be 16.5 m deep

Ecuadornews:   The work will allow ships with cargo capacity to enter between 8,000 and 15,000 teus. The construction will generate 2,500 jobs for the communities surrounding the port. With an investment of more than $ 100 million, the DP World Company began on Friday, July...
Posted On 09 Jul 2018
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According to the IMF, the biggest challenges for Ecuador are the deficit and debt

Ecuadornews:   After 15 days in the country, the visit of the International Monetary Fund (IMF) ended on Wednesday, July 4, 2018. The technical group gathered economic information from authorities, analysts and productive guilds, within the framework of the Article IV...
Posted On 06 Jul 2018
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IMF: Ecuador’s economy seems to be getting cold

Ecuadornews:     The International Monetary Fund said on Thursday that Ecuador’s economy seems to be “cooling down” this year, although it acknowledged that it is still “accommodating” itself to external shocks, a high fiscal deficit and...
Posted On 06 Jul 2018
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More fresh fruits start their way to the United States

Ecuadornews:   The US market is increasingly open to new products from Ecuador: fresh fruits and vegetables started to go through that commercial door since last year. Ecuador has a list of 110 different products of that type. Papaya access was approved in 2013; the pitahaya...
Posted On 06 Jul 2018
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The stop in Mirador will reduce investment

Ecuadornews:   Dozens of Ecuadorian and Chinese workers, dressed in blue uniforms and white helmets, walk through the metal structure that is the heart of Mirador, the first large-scale open-pit copper project in Ecuador. It is the Benefit Plant, a three-story building that...
Posted On 05 Jul 2018
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Christian Cruz was exempted for the state debt with the IESS

Ecuadornews:   “Lie, lie, lie,” repeated the superintendent of Banks, Christian Cruz, during the hour and 20 minutes that lasted his appearance before the Commission of Control of the National Assembly for the impeachment that is against him. This trial, based on...
Posted On 05 Jul 2018
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