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The dollar pushed exporters not to rely on devaluations

‘I have concluded that the dollarization system is a convenient and necessary system for Ecuador . It is the exit we now have. It is the road where we must travel. The price will be 25,000 sucres ”. With those words, on January 9, 2000, the then president Jami...
Posted On 09 Jan 2020
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The two failed attempts to dethrone the dollar

It can be said that the sucre died twice . The first: with the beginning of dollarization, on January 9, 2000. And the second, with the failure of the Unitary System of Regional Compensation (Sucre): a project of the Bolivarian countries that sought to become a regional currency....
Posted On 08 Jan 2020
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The price of oil opened with an increase of 3.64%

The price of oil is sensitive to all social, political and economic action, an example of this is that the cost of a barrel of Texas crude, which increased by 3.64% today due to the tension between the United States and Iran. In the attack, the commander of the Quds Force of the...
Posted On 06 Jan 2020
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Lenin Moreno reproaches how the Venezuelan Parliament treated Guaido

The president of Ecuador, Lenín Moreno , reproached the “ outrage ” against Juan Guaidó whose re-election was scheduled this Sunday, January 5, 2020 in the Parliament of Venezuela . Lenin Moreno reproaches Guaido hit in the Venezuelan Parliament The Bolivarian Nationa...
Posted On 06 Jan 2020
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China is the third product destination of Ecuador

China’s vertiginous growth in the last 40 years has moved the world. No Latin American country escapes its investments and in Ecuador they are in different economic and social sectors. Today, January 2, 2020, 40 years of relations between the two countries are celebrated....
Posted On 02 Jan 2020
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Former OPEC chief says that ‘nothing will happen’ because of Ecuador’s exit from the block

Ecuador officially left this January 1 of the Organization of Petroleum Exporting Countries ( OPEC ) but “nothing happens” in the markets, in the group or in the country itself by that decision, announced in October, said Wednesday, January 1 2020 the Ecuadorian René...
Posted On 02 Jan 2020
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Banana goes to Europe on equal tariffs

Since 2020, Ecuador competes on equal terms with Colombia, Peru and Costa Rica, in the export of bananas to the European Union (EU). With the Commercial Agreement with that block, which is in force since 2017, the tariff has been decreasing over the years. Thus, in 2017 it was 97...
Posted On 02 Jan 2020
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PAHO warns that there will be three months of intense heat in Ecuador

Days of intense heat live the country. PAHO warned of a heat wave from this month until March 2020 in South America. High temperatures are already beginning to be felt in the coastal area of ​​the country. PAHO warns that there will be three months of intense heat in Ecuador...
Posted On 30 Dec 2019
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2019, a relevant year for the mining industry in Ecuador

2019 was an important year for the mining, electrical and oil sectors of Ecuador. 2019, a relevant year for the mining industry in Ecuador In mining, the exploitation and export of copper and gold on a large scale in Zamora Chinchipe began in the country. The first project opened...
Posted On 30 Dec 2019
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The shipping port defines the cost of the banana

That initial aspiration of Dubai Port and seconded by the Government of Rafael Correa to leave Guayaquil for cabotage (internal merchandise traffic) and tourism that stipulated the late Mobility Strategic Plan, made sense only for the economic calculations of DP Worl...
Posted On 30 Dec 2019
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