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Ecuador sets a new record on corn production

Corn production in the country will be around one million tons, which is also a new record and wil allow the non-exportation of the grain to meet domestic demand. The corn growers begin harvesting, which this year marks a record production because -according to them- the winter...
Posted On 21 Apr 2013
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Increase of 13.8% on non-oil exportations

In the first two months of the year, while oil exports fell 11.93% like last year’s same period, non-oil exports rose 13.85%, according to Central Bank figures. This increase was primarily directed on the sales of traditional products such as bananas and plantains, shrimp, cocoa...
Posted On 20 Apr 2013
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Olytrasa members ask President Correa for help

Employees of the seized company Olytrasa, organized by the Association of Farmworkers Takara, asked the Ecuadorian president, Rafael Correa, and the representative of the Management Unit of Public Law, Katia Torres, that intervene in the farm El Carmelo (Takara), Canton Marcelino...
Posted On 18 Apr 2013
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Sucre is incorporated into the international reserves

The total amount of exports without imports made by Ecuador, through the Regional Clearance Unitary System (SUCRE) is the new item included in the International Book Freely Available (RILD) since December of last year. This decision was carried out by the board of the Central...
Posted On 15 Apr 2013
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BCE exposes Sucre failures

Quite apart from the payment deficit, which this year would reach 2,000 million dollars, the Regional Clearance Unitary System (SUCRE) running from Venezuela has other flaws that concern exporters using this virtual currency. This system allowed Ecuadorian sales to that nation...
Posted On 11 Apr 2013
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Former Territorial employees may now collect their payments

Yesterday the Labor Ministry began issuing the settlement proceedings to pay the former employees of the Territorial Bank, which went into a forced sale last month. Once the former employees signed their proceedings, they were indicated that the amount of the settlement would be...
Posted On 11 Apr 2013
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Authorities fear for the seized farms that guaranteed the loan Duzac

Alexandra Lavayen Rivera, representative of the Association of the Agrarian Revolution of Ecuador Farm workers, was concerned by the fear that the land acquired Cone livestock sector are included in loan guarantees given by Gaston Duzac. The lands were sold to farmers for a loan...
Posted On 10 Apr 2013
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Territorial Closing will take one year and a half

According to the Territorial Bank’s liquidator, Carlos Espinoza, from one to one year and a half will take its liquidation since first, they would have to recover the loans granted by the bank, which closed its doors last month over solvency problems. “That money that we...
Posted On 09 Apr 2013
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In 2012 the extractor Olytrasa was dismantled

The only red oil extractor that existed in the Marcelino Mariduena area, who was 45 years old and still operated well in 2011, was dismantled and reduced to scrap, informed workers of the El Carmelo, also known as the Takara farm, located 10 minutes from the El Daular of...
Posted On 09 Apr 2013
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Mercedes, agricultural company, is complicated by utilities and neglection

Three estates in the area of Puente Negro, between Guayaquil-El Triunfo, near Daular (via El Triunfo-Bucay) and San Jacinto (Canar) form the Agricultural Company Mercedes AGM S.A. seized by the Ugedep, which today has troubles for having its installments semi-abandoned, for the...
Posted On 08 Apr 2013
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