Robusta seeding project seeks to meet coffe demand

According to PROECUADOR, last year $178 million in coffe were exported, of that amount, $ 153 million correspond to soluble extracts. It is estimated that about 199,000 hectares of coffee farmland are distributed among Loja, Manabi, Imbabura, Pichincha, Sucumbios and Orellana,...
Posted On 23 Jul 2015
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Liquor still does not have the tax stamp

The National Customs Service of Ecuador (SENAE) will conduct operations from Friday October 9 against alcohol smuggling, especially imported whiskey, tequila, rum and vodka. These types of liquor must show off a tax stamp on the cap, which has a code smartphones can read. The...
Posted On 23 Jul 2015
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Ports of Guayaquil maintain leadership in bananas

  Of 138’486.263 boxes of bananas that came out between January and May this year to Europe, Asia, Africa, America and Oceania, the 74.41% was shipped from local docks, mainly by state port Simon Bolivar (concessioned to Contecon), Fertisa and Bananapuerto, as reported...
Posted On 22 Jul 2015
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Expectation by laws concerns the construction industry

  Although the bills of inheritance and capital gains were removed temporarily from the Assembly, these still concerns the construction sector, especially new companies, as reported by representatives of construction unions and sellers of building materials.   Enrique...
Posted On 22 Jul 2015
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Chinese kitchens are not yet distributed in Ecuador

  An agreement with Correos del Ecuador (Ecuadorian Postal service) to start distributing the Chinese induction cookers that entered the country in May, and which will be delivered to the beneficiaries of the Human Development Bonus enrolled in the program, has not yet been...
Posted On 22 Jul 2015
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El Niño phenomenon, triple impact on the economy of Ecuador

  Between 1997 and 1998 Ecuador experienced the force of nature, two years before the financial crisis that led to its dollarization.   Flooded homes, destroyed roads and water running from side to side of the roads were the scenes that resulted in economic losses (14,...
Posted On 22 Jul 2015
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The bank reserve, constantly fluctuating

Until June this year, total deposits for cash position -mandatory funds in a state bank´s reserve account to ensure the resources of the citizenship- reached 6,181 million dollars, according to the Central Bank. In the same month of 2014 the fund was around 11.269 million...
Posted On 21 Jul 2015
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Ranking of the largest private companies in Ecuador in 2015

The Superintendency of Companies (CS for its Spanish acronym) released the 2015 ranking of the largest private companies in Ecuador, the same that doesn´t have many variations with the report of 2014. The Favorita Corporation maintained its leadership in the sales revenue...
Posted On 21 Jul 2015
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Ecuadorian candies in Mexican fair

Candies, chocolates, lollipops, among other Ecuadorian products, will be at the Mexico Confitexpo Fair 2015, one of the largest specialized trade events in the country. ProEcuador reported that the Ecuadorian industry La Universal will be the representative at the event. The...
Posted On 21 Jul 2015
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Ecuador has $ 4,563 million in international reserves

  International Reserves (RI for its Spanish acronym) registered a growth of $ 217.6 million between June 26 to July 3, 2015, so its balance reached a value of $ 4,563 million.   RI is the amount of highly liquid external assets that have a quid pro quo relationship...
Posted On 20 Jul 2015
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