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Of the three main firms that move the most volume of fruit, Noboa was the only one to achieve a 53% increase in its exports. This, while Ubesa fell 26.56% and Reybanpac, 19.05%. The Union of Ecuadorian Banana Growers (Ubesa), which markets the Dole brand, will end the year...

A few days before Christmas , the couriers of Cuenca and Azogues , in the south of Ecuador, register high customer demand. They seek to send the traditional roast guinea pig, humitas, among other foods to their loved ones who live in the United States. Thousands of migrants have...

Ecuador added the support of senators for the negotiation of a free trade agreement with the United States. Lawmakers Robert Menendez, Chairman of the Senate Foreign Relations Committee, and Rob Portman sent a letter to Antony Blinken, Secretary of State; and Katherine Tai, the...

Puerto Madero, Ipanema, La Carolina and Samborondón are some of the areas with the highest added value in Latin America. Ecuador has three of the 20 areas with the highest price per square meter in Latin America, according to a report by the real estate portal Properati. La...

The Executive Board of the International Monetary Fund (IMF) announced that it has concluded the sixth and final review of the 27-month Expanded Facility of the Fund (SAF) for Ecuador. One of the first actions it will take will be the immediate disbursement of US$700 million....

In real terms, the average salary that Ecuadorians receive in 2022 is 1.9% less than in 2019, before the health emergency. Despite the economic recovery and the increase in the basic salary in Ecuador, the population still receives an average remuneration lower than that of...

The Government of Ecuador affirms that a trade agreement cannot be signed that does not have adequate access for all the exportable supply. The Government of Ecuador has asked Mexico to improve the access proposal for two-star products of the exportable basket, within the...

The Ministry of Energy made official the decision of the Ecuadorian State to revert blocks 16 and 67, in charge of the NSE subsidiary, on December 31, 2022. Petrolia, a subsidiary of the Canadian oil company New Stratus Energy (NSE), claims USD 260 million in damages from...

The SRI identified that 67 high-income taxpayers had not paid taxes such as the tax for the regularization of assets abroad. The Internal Revenue Service (SRI) collected USD 4.5 million through a rapid tax control mechanism, carried out between September and November 2022. This...

Petrochina has to allocate, directly and without intermediaries, 30% of Petroecuador’s oil volume to refineries in Asia. After the renegotiation with China, the state company Petroecuador considerably expanded the volume of oil available for sale through open tender in...