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Supermarkets seek Direct Purchase of Ecuadorian Bananas

Major supermarket chains in the U.S., Britain, France, Germany, and Italy seek to directly negotiate the purchase of Ecuadorian banana with local producers. The new purchasing system, which is present in other countries like Colombia and Costa Rica, has become an international...
Posted On 28 Jul 2011
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Tax Collection Increases in Ecuador

In its first semester of tax collection, Ecuador gathered $4,890 million in payments, this represents an 18,4% increase than last years. The Internal Revenue Services, IRS (SRI) submitted the report. The goal of this year is to gather $8,700 in taxes, during the six first months...
Posted On 20 Jul 2011
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More than 1,000 Exporters may Apply for Tax Credit

The Tax credit certificates by the Ministry of Production extended to exporters, as compensation for non-renewal of the Andean trade preferences (ATPDEA) delivered by the United States, became effective yesterday, from 16:00. Through these certificates, the Ecuadorian Government...
Posted On 19 Jul 2011
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Bananera’s Representative Warns on the Obstruction of Justice

Fernando Alarcon, Bananera Noboa legal representative, attended today the building of the National Court of Justice to denounce the obstruction of the judicial system in Bananera Noboa case. On Tuesday, July 12, 2011, Bananera case was presented to the chamber of tax litigation....
Posted On 18 Jul 2011
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Twelve Banana Companies were Fined for Violating the Banana Bill

Since February 2011, the Ministry of Agriculture, Livestock and Fisheries (MAGAP) of Ecuador accounts 72 administrative proceedings against several exporters in the country for breaking the Banana Bill. Of that total, 12 companies were already fined and 55 have yet to justify...
Posted On 12 Jul 2011
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Ecuadorian Chocolate Outstanding Quality Worldwide

European website Seventypercent.com, which brings together the most renowned wine, whiskey and chocolates tasters in the world, possession Ecuadorean chocolate Pacari (means dawn), in the 3th place in the world rankings after French chocolate Bonnat and Italian Domori-Chua. These...
Posted On 12 Jul 2011
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Secretary of Agriculture and Banana Exporting are Under Investigation

Last April, the hard drives of computers that belong to the Undersecretary of the Coastal Agriculture underwent an investigation by the National Intelligence Agency (Senain).  During two months of analysis, Senain identified three alleged irregularities committed by tha...
Posted On 11 Jul 2011
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Banana Isbelni S.A. was Seized by CFN and AGD

Last night Banana Isbelni S.A. was seized by the Nacional Financial Corporation (CFN) ‘No more Impunity’ and the Deposit Guarantee Custodial Agency (AGD). This company, which was related to the former congressman and president of Congress, Juan Jose Pons, was seized due to...
Posted On 08 Jul 2011
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FCNH: Microenterprises Find New Opportunities in Ecuador

In Ecuador, New Humanity Foundation (FCNH for its Spanish acronym), is helping many people to begin and maintain their own businesses in order to bring comfort to their families and their community. Such is the case of Vicente Jurado, an independent worker who has worked for more...
Posted On 06 Jul 2011
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Ecuadorian Local Production Strengthens the Bio-Commerce

The business created by the biodiversity in the country has motivated Corporacion de Promocion de Exportaciones (Corpei), the Ministry of Environment, and Ecociencia y la Corporacion Andina de Fomento (CAF) to invest $14 million to support and strengthen the Bio-Commerce in the...
Posted On 06 Jul 2011
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