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After refining 589 kilos of gold, Ecuador’s reserves increase

Ecuador’s international reserves increased by USD 36.1 million, after the Central Bank acquired gold from small artisanal miners. After completing the refining of non-monetary gold of 18,955.4 ounces (589.84 kilos), by the Central Bank of Ecuador (BCE), the country’s...
Posted On 14 Jul 2023
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Workers in the commercial area are the most sought after in Ecuador

Commerce is also one of the main economic activities in which young employees have found more opportunities. 43 % of job offers are related to commercial or sales profiles, according to the Labor Market Index Report, made by the Multitrabajos portal. Instead, there are fewer job...
Posted On 14 Jul 2023
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Ministry of Telecommunications affirms that contracts with Claro and Movistar will be extended

According to the Minister of Telecommunications, Vianna Maino, citizens will not be left without cell phone service, despite the fact that negotiations with the operators have not been closed. While the deadline to close the negotiations with the telephone companies, Claro and...
Posted On 14 Jul 2023
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Ecuador presents a mechanism to finance projects with green bonds

Public investment projects that have a positive environmental and climate impact can seek financing from green bonds. The Government presented this Tuesday, July 11, the Sovereign Green Bond Framework. It is a mechanism to finance public investment projects with a positive...
Posted On 12 Jul 2023
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Chinese cars lose market to those assembled in Ecuador

Cars assembled in Ecuador went from a 10% share of sales to 15% in the first half of 2023. Cars of Chinese origin are the best sellers in Ecuador, but in the first half of 2023, they reported a drop of 4.5 percentage points in participation in vehicle sales compared to the same...
Posted On 12 Jul 2023
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Four out of 10 Ecuadorians expect economic improvement in the next year

Ecuadorians’ perception of the country’s economy is less optimistic in the short term, according to a Central Bank report. 42 % of Ecuadorians believe that the country’s economy will improve in the next 12 months. It is supported by a survey by the...
Posted On 07 Jul 2023
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Banana producers and exporters differ on future effects of El Niño

Small banana producers in El Oro warn of a loss of 50,000 hectares due to El Niño. For the exporting union, this calculation is an “exaggeration”. Banana producers from El Oro and exporters differ on the possible effects of the El Niño phenomenon on crops and the sale...
Posted On 07 Jul 2023
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A software controls illegal fishing in Ecuador

The software for the digital control of fishing, which will allow Ecuador to get out of the yellow card, is in the final stage of implementation. The implementation of the Integrated Aquaculture and Fisheries System (SIAP) entered the final phase, which is expected to conclude in...
Posted On 04 Jul 2023
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More than 20 SMEs will be in Sumarse, a project for migrants

More than 20 Ecuadorian exporting SMEs will be part of the Sumarse Migration + Trade + Development project. Companies interested in Sumarse can register at the link https://bit.ly/ProyectoSumarseRegistro. The process will be between June 27 and July 15, 2023. The execution of the...
Posted On 01 Jul 2023
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El Niño could cause USD 4,000 million in losses, according to the Government

The Government will request support from multilateral organizations to finance their preparation with a view to facing the coming El Niño phenomenon. In a meeting with representatives of the media, President Guillermo Lasso indicated that he will ask the multilaterals for the...
Posted On 28 Jun 2023
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