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An audit carried out by the German Technical Cooperation (GIZ) determined that the Banana Control System (Unibanano) “has many weaknesses in its security.” The Minister of Agriculture, Bernardo Manzano, reported that there are weaknesses in the Banana Control System...

The World Bank (WB) on Tuesday kept its economic growth forecast for Latin America and the Caribbean practically unchanged this year at 2.5%, but warned of the dangers posed by a scenario of high inflation and slowdown in economic activity, with real risk of stagflation. In its...

After ten years, since it was implemented, the Banana Control System (Unibanano), of the Ministry of Agriculture and Livestock (MAG), will be discharged and replaced by another until next September, announced this Tuesday the Minister of Agriculture and Livestock, Bernard...

In an interview with PRIMICIAS, the Minister of Energy, Xavier Vera-Grunauer, explains that the negotiation of the extension of the contract in Block 16, located in Yasuní, in the Ecuadorian Amazon, is a priority. The Supervisory Commission of the National Assembly investigates...

Petroecuador will export, from the end of August 2022, a total of 3,240,000 barrels of Oriente crude oil to Petrochina International CO. LTD, a Chinese state-owned company that won the last spot tender by presenting a differential of USD -3.45 and a premium of USD +1 per barrel,...

The scarcity and high prices of urea, due to the war in Ukraine and other disruptions, have led some maize growers to migrate to cocoa cultivation. Corn production in Ecuador showed good results in 2021, with 1.6 million metric tons in  373,587 hectares , according to the Espac...

According to the president of the financial entity, the sale process is in an intermediate phase. This means that the advisory bank has invited more than 30 international entities that will analyze the valuation and other preliminary information. The sale process of Banco de...

Borrowing to cover day-to-day expenses decreases people’s ability to save in Ecuador; interest ‘eats’ the income that could be used for savings. The majority of Ecuadorians cannot save and do not have proper management of their expenses and their debts,...

The Unibanano system must control the traceability of the production and export of bananas. But, the Minister of Agriculture himself, Bernardo Manzano, acknowledges that there was “manipulation” on the platform. The banana sector is facing a difficult year. In the...

Employment stood at 63.4% nationwide in April of this year, when in 2021 of the same month it was 62.5%. But there are other figures that show that the situation still demands a strategy to solve the labor problem. The unemployment rate in Ecuador reached 4.7% in April of this...