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The purchase categories that grew the most online are airfare, virtual education, accommodation, and tickets to movies, theaters, and concerts. The turnover of electronic commerce in Ecuador will amount to USD 4,000 million in 2022. It is an increase of 24% compared to 2021, when...

The national strike of June 2022, the delays in the plans to increase production and the power cuts affect a drop in oil exports. Ecuador’s oil exports totaled 65.9 million barrels between January and July 2022, the lowest level since 2007. Compared to the same months of...

The Mexican president, Andrés Manuel López Obrador, acknowledged this Thursday, September 22, that there are disagreements in the tuna, shrimp and banana sectors that prevent the completion of the free trade agreement with Ecuador. Key for the South American country to enter the...

Despite the restructuring of the Chinese debt, the country risk will remain high, and the government will have problems financing itself, say the international firms S&P Global Ratings and Barclays. With the restructuring of Ecuador’s debt with China, the installments...

The Ministry of Agriculture and Livestock (MAG) was listed as a banana producer. It had 20,000 hectares registered in the Unibanano Banana Control System. They are virtual hectares, not physical, that were registered with a code, based on which the fruit could be exported...

The markets forecast a new interest rate hike by the United States Federal Reserve (FED) on September 21, 2022. The interest rates of the United States Federal Reserve (FED) have experienced increases to levels not seen since 2018, going from 0.25% in January 2022 to 2.5% in...

The Economist believes that the struggle between the Legislative and the Executive will delay urgent reforms to boost economic activity. The Intelligence Unit of the British firm The Economist Group forecasts that Ecuador’s economy will grow 2.4% in 2022 and no longer 3.5%,...

The state oil company Petroecuador will sell more oil to China, but at market prices. In addition, it agreed with Petrochina to extend the delivery deadline for 192 shipments of crude oil. After four months of talks, Petroecuador closed the renegotiation of the two oil pre-sales...

A Court of Guayas denied the appeal presented by the State and ratified the sentence of restitution of properties of the former owners of Filanbanco. The Attorney General will challenge the ruling and present an extraordinary protection action. Note updated at 12:00 on September...

The aggregate public debt, which includes all the obligations of the non-financial public sector, reached USD 74.03 billion in June this year. USD 46,455 million correspond to external debt and USD 27,575 million to internal debt. Between June of last year and the same month of...