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Opening of Mercado Libre offices in Ecuador will be in stages

The multinational Mercado Libre confirmed the opening of its offices in Ecuador. Through a statement, the company of Argentine origin indicated that at the beginning of March of this year, the General Director of Mercado Libre for the region that includes Chile, Peru and Ecuador,...
Posted On 23 Mar 2022
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Expensive wheat puts noodles and crackers in a bind

A raw material difficult to replace. Wheat flour accounts for up to 80% of the ingredients for making noodles and noodles, and its manufacturers are trying to deal with rising costs of up to 50% so far this year. On March 8, 2022, the price of wheat climbed to its highest peak...
Posted On 22 Mar 2022
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Ecuador incorporated $157.9 million of certified gold bars into the International Reserve

The Central Bank of Ecuador (BCE) informed that it concluded the process of refining and certification of 80,850.697 troy ounces of non-monetary gold , purchased from small miners and artisanal miners, in compliance with the provisions of article 36 of the Organic Monetary Code...
Posted On 21 Mar 2022
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The Economic Development Commission approves a report for the second debate on the Investment Law

This March 17, 2022, with six affirmative votes , the Economic Development Commission approved the report for the second debate of the Investment Attraction Law, a project presented by President Guillermo Lasso as urgent economic. The assembly members: Nathalie Arias (CREO),...
Posted On 18 Mar 2022
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Oil income, a bonanza that the country will exploit halfway

The decision of the United States and the United Kingdom to prohibit the purchase of Russian oil, as a sanction against that country for having invaded Ukrainian territory, has led some North American oil companies such as Valero Energy Corp and Marathon Petroleum Corp, together...
Posted On 17 Mar 2022
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Three Ecuadorian products sold less to the world in January 2022

In general, non-oil and non-mining exports from Ecuador in January 2022 were positive, products were sold to the world for 1,418 million dollars; that is, 30% more than in January 2021. Although in the total tons shipped there was a drop of 9%, according to data from the...
Posted On 17 Mar 2022
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Second day of strikes of banana growers who insist that the sector be declared in emergency

Banana producers, for the second time this week, returned to the tracks to complain about the situation in their sector. Dozens of producers from that province, from El Oro, Guayas and Cotopaxi once again requested the national government to declare a state of emergency in the...
Posted On 17 Mar 2022
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China could be a market that helps the banana sector

Guillermo Lasso, president of Ecuador, spoke about the possible export of bananas to China as an alternative to the current situation. “There are some companies that are not playing fair with the producers,” said Lasso, pointing out actions on export licenses....
Posted On 16 Mar 2022
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Banana growers ask for the rescue of their sector

Banana growers erected barricades with the fruit to block a highway and ask the government to declare an emergency in this sector. The road that connects Guayaquil with El Oro and Loja woke up with traffic cut off due to the protest of small and medium producers. Vehicular...
Posted On 16 Mar 2022
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‘Boom’ of courier shipments by local and migrant customers

Every two months, Andrea Ayala brings vitamins from the United States that she takes frequently and takes advantage of to make other purchases, such as some clothing or a toy for her cat. “It is cheaper and there is more variety,” said the nutritionist, who assures that thanks to...
Posted On 14 Mar 2022
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