Ecuador: first place in teak sales to India

Ecuador became the first teak exporter in India, for the sale of 91 thousand cubic meters sold from August to December 2014, thus ousting Myanmar (Southeast Asian country). Ecuador´s total sales abroad in 2014 was 166 thousand cubic meters, according to figures from RISI, the...
Posted On 13 May 2015
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The Well-being plan is exposed at the Expo Milan

Ecuador is present since Saturday in the 2015 Milan Universal Exhibition through its national pavilion,which shows the “well-being,” in addition to a variety of its food production and rich biodiversity. Diego Aulestia, Minister of Foreign Trade of Ecuador and Freddy...
Posted On 11 May 2015
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International fairs promote domestic production

There is an increasing number of Ecuadorian companies that participate in international trade fairs as a promotion, diversification and sales strategies. This is the case of La Universal, which will export products to the African market, thanks to a contract signed in the Gulf...
Posted On 11 May 2015
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Bus fares rise is suspended until a set date

Under the provision of the Transit Commission of Ecuador (CTE) and the Municipality of Duran, the buses that make their way from Guayaquil to Duran and vice versa, will not increase the value of their tariffs to $ 0.45, as it has yet to be determined the date for the new...
Posted On 06 May 2015
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Tuition values in private schools range from $ 4.81 to $ 470.94

The value of tuition fees for the new school year 2015-2016 fluctuates between $ 4.81 and $ 470.94 according to the school. Thus, the first value corresponds to the school Nuestra Señora de la Salud, located in the cooperative Esmeraldas Chiquita, while the second value...
Posted On 28 Apr 2015
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Uniforms and shoes, the most commercialized products in the back to school season

This back to school season has been characterized by an intense commercial activity, especially with regard to uniforms and shoes. Classes begin in educational establishments of the coast this May 4th. Sectors such as La Bahía, the Cuatro Manzanas market or the vicinity of the...
Posted On 27 Apr 2015
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Cableway will link Guayaquil and Duran

The Prefecture of Guayas announced the construction of the Guayaquil-Duran cableway, which will be an alternative to public transportation and will empower tourism in both cities. This Friday April 24, the Prefecture of Guayas and the private company Prostatus, in charge of the...
Posted On 24 Apr 2015
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Workers may apply for the monthly payment of annual bonuses until May

Labor Minister Carlos Marx Carrasco reported yesterday that workers of the public and the private sectors may request the monthly payment of the annual bonuses (“tenths”) to their employers until May 30. The Law for Labor Justice and Recognition of unpaid Home Labor...
Posted On 23 Apr 2015
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Banco Pichincha: there is no reason for a bank holiday

The president of Banco Pichincha, Antonio Costa, said today that “there are no conditions on national economic, nor policies to think that authorities can declare a bank holiday,” regarding the rumors of the subject on social networks. Acosta recalls that it was this...
Posted On 23 Apr 2015
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Deputy Minister of Education warns that school fees shall not exceed $ 354

Jaime Roca, Deputy Minister of Education, stressed last week that the corresponding school fees for school supplies, books and uniforms can not exceed $ 354, which is the basic wage for workers, as this legislation is stipulated in Section 17 of the Ministerial Agreement 387-13....
Posted On 17 Apr 2015
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