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With $ 85 million in losses in the export sector due to the conflict in Russia and Ukraine, the commercial gaze is on China and South Korea

Outstanding collections from Russian buyers for exports shipped in the first weeks of the financial blockade to that country exceed $50 million. In total there are $ 85 million of accumulated loss in income for Ecuador in these five weeks that the Russian conflict with Ukraine...
Posted On 31 Mar 2022
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A ‘giant’ $5 billion oil heist

When in 2009 former President Rafael Correa began to mortgage 1,325 million barrels of Ecuadorian crude, in exchange for – in 8 years – receiving more than $18,000 million in credits with China, he believed that this country “was doing the right thing by placing...
Posted On 31 Mar 2022
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Effects of the war on the increase in food and fertilizer prices is discussed at the 37th FAO Regional Conference, in Quito

This Tuesday marks the second day of the 37th Regional Conference of the Food and Agriculture Organization of the United Nations (FAO), which takes place from this Monday in Quito, Ecuador, with the presence of representatives of all the countries of Latin America and the...
Posted On 31 Mar 2022
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Banana growers protest falling sales and prices

Some 500 banana producers in Ecuador gave away boxes of fruit during a protest caravan this Monday in Guayaquil, as a result of the millionaire losses that accumulate due to the effects of the war in Ukraine and the consequent fall in the internal price , with millionaire losses...
Posted On 29 Mar 2022
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Producers insist the Government buy surplus bananas with funds from fines for illegal planting

The banana producers staged the third mobilization on the roads in less than 20 days when they marched in Guayaquil on Monday morning, in the vicinity of the National Unity Bridge. With signs and shouts they demanded attention from the Government and the authorities of the...
Posted On 28 Mar 2022
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With donations, it aims to evacuate surplus bananas

The oversupply of bananas that has been created in the market, due to the difficulty of being able to sell more than 1 million boxes a week to Russia and Ukraine , yesterday managed to get producers and exporters to sit down and talk at the same table. Leaving aside the...
Posted On 25 Mar 2022
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Swedish brand will use Ecuadorian tagua buttons in its next clothing collection

Ecuadorian tagua buttons will be part of the next clothing collection of the Swedish brand Dedicated, which promotes sustainable products. The company Trafino, from Manabí —dedicated to the manufacture and sale of tagua disks, buttons and other elaborated or semi-elaborated...
Posted On 25 Mar 2022
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Ecuador issues its first gender bond

Banco Pichincha CA has just announced the placement of the first social gender bond in the Ecuadorian stock market, with IDB Invest and the International Finance Corporation (IFC) as investors. The amount of the issue was $100 million, for a term of 5 years. The resources are...
Posted On 24 Mar 2022
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Isabel Noboa, the businesswoman with the best reputation in the country in the last eight years

With an ideal score of 10,000 points, Isabel Noboa, executive president of the Nobis Consortium , was consolidated for the eighth consecutive year, since 2013, in first place in the ranking “Companies and leaders with the best reputation in Ecuador in 2021” ,...
Posted On 24 Mar 2022
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Ecuador is the fifth country that sends the most tourists to Florida, in 2021 there were 237,000 visitors

Dana Young is the president and CEO of Visit Florida, a public-private corporation that promotes tourism to that peninsular state in the southern United States. Young visits Guayaquil and Quito these days to talk about what Ecuador represents for them, a market in which they want...
Posted On 23 Mar 2022
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