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Global inflation reduces the arrival of remittances to Ecuador

The arrival of remittances in 2022 will depend on the measures adopted by the United States and the European Union to deal with inflation. The inflow of remittances to Ecuador, which was marking historically high levels since 2021, is now experiencing a slowdown. In the first...
Posted On 07 Jul 2022
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Toquilla straw hats from Ecuador are sold on hangers in Qatar

Toquilla straw hats made in Ecuador have a shelf in Lulu supermarkets in Doha, as part of the program to introduce Ecuadorian products in that market. The first shipment was 600 hats and in the second it will be 2,500 with suppliers such as Taytta Hats and Veka Design. The...
Posted On 07 Jul 2022
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Polo Ralph Lauren and Michael Kors will open their stores in Guayaquil

Two international brands arrive in October at the San Marino Shopping mall in Guayaquil. These are the American brands Michael Kors and Polo Ralph Lauren. Both firms will open their stores for the first time through the commercial alliance developed by DK Management Services ,...
Posted On 05 Jul 2022
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Files were opened to 17 banana exporting companies for allegedly not respecting the official price and falsehoods in the shipping plans

Seventeen banana exporting companies will be notified of alleged irregularities detected by the Ministry of Agriculture and Livestock (MAG) within the audit that was carried out on a total of 56 of these businesses to verify that the official price of the box of bananas is paid ,...
Posted On 05 Jul 2022
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Ecuador will be able to recover from the strike in the second half of 2022

According to Guillermo Avellán, manager of the Central Bank, the recovery depends on maintaining the pace of domestic and foreign sales during the last six months of the year, mainly in the tourism, poultry and trade sectors. The manager of the Central Bank of Ecuador (BCE),...
Posted On 04 Jul 2022
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Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador

From 00:00 on July 1, 2022, the new price of extra and ecopaís gasoline ($2.40) and diesel ($1.75) began to take effect, according to decree 467 signed by the President of the Republic , Guillermo Lasso, and within the framework of what was agreed in the peace act signed by three...
Posted On 01 Jul 2022
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Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%

The Ministry of Agriculture and Livestock (MAG) began this Friday, July 1, the Seed Project, which with a budget of $14 million includes the subsidy of certified seeds, phytosanitary supplies and fertilizers for producers of bananas, rice, corn, potatoes , coffee, cocoa, banana,...
Posted On 01 Jul 2022
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Ecuador asks Mexico for a response on bananas and shrimp

The Minister of Production, Julio José Prado, held meetings with the Ecuadorian fishing sector to keep tuna within the negotiation with Mexico. The last round of negotiations for a trade agreement with Mexico remains open due to lack of consensus on three products from Ecuador ,...
Posted On 29 Jun 2022
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Losses in the non-oil export sector amount to $85 million in 16 days of strike

The non-oil export sector accumulates a loss of $85 million, after 16 days (as of June 28, 2022) of demonstrations and production stoppages, reported the Ecuadorian Federation of Exporters (Fedexpor), which estimated that about 86% of the impact was concentrates on flowers,...
Posted On 29 Jun 2022
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Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25

Edible oils with a label that identifies them as “popular oil” and that will cost 20% less will begin to be distributed this week in stores nationwide. The Government and the Association of Producers of Fats and Oils (Aprograsec) held talks to ensure that a low-cost...
Posted On 28 Jun 2022
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