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Ecuador will sell part of the ECB’s gold and analyzes targeting subsidies

Arrears amount to USD 5,017 million. Finance talks about selling the ECB’s gold, issuing internal bonds, and analyzing targeting fuel subsidies. Due to the shortage of public resources, the Government plans to close the year 2023 with record delays in payments for USD 5,017...
Posted On 19 Dec 2023
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Increases the unified basic salary by 2024 in Ecuador

The Ministry of Labor reported that, by 2024, the Unified Basic Salary (SBU) will increase to USD 460 per month, that is , increases by USD 10 compared to that of 2023. The head of that State portfolio, Ivonne Núñez, explained to El Telégrafo and Ecuador Tv, that this decision is...
Posted On 16 Dec 2023
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Ecuador, Colombia, Peru and Bolivia advance in the Andean Regional Electricity Market

The Andean Community approves a standard to advance a project started in 2017 to achieve electrical interconnection. The Andean Community Commission (CAN) approved a community standard to launch the short-term Regional Andean Electricity Market. It is a project started in 2017 to...
Posted On 13 Dec 2023
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Ecuador will export 1.5 million pounds of chicken meat

Ecuador will close this year exporting 1.5 million pounds of chicken meat to the Bahamas. Shipments are made by Avícola San Isidro (AVISID), installed in the Isidro Ayora canton, province of Guayas. The Minister of Agriculture and Livestock, Danilo Palacios, highlighted the...
Posted On 12 Dec 2023
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Maersk leaves the port of Guayaquil and will move to Posorja

The shipping company Maersk announced that it will stop using the port of Guayaquil to move, starting in January 2024, to the port of Posorja, with a greater draft and easier access for its container ships. Although Maersk’s announcement had been made at the end of...
Posted On 07 Dec 2023
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Almost 3,000 commercial connections between China and Ecuador leave ‘Expo China 2023’

The business event ‘Expo China’ took place in Quito and Guayaquil, with the participation of 200 Ecuadorian companies and 50 foreign corporations. The Ecuadorian Chinese Chamber of Commerce celebrated the ‘China Expo 2023’, under the motto...
Posted On 05 Dec 2023
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Supermarkets and restaurants use self-service checkouts

In order to make purchases faster and safer, companies have implemented self-service checkouts throughout the national territory for a year. In one of the 44 establishments – of Mi Comisariato de Corporación el Rosado – that have this technology there are ten booths....
Posted On 30 Nov 2023
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Where is the best coffee in Ecuador? These are the winners of the 2023 Golden Cup

The farm that won the 2023 Golden Cup, which recognizes the best coffee in Ecuador, sold its lot for USD 45 per pound to an American company. The best Arabica coffee in Ecuador is produced in Loja, Pichincha and Carchi, according to the results of the Arabic Golden Cup 2023...
Posted On 28 Nov 2023
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Ecuador has a new ultra low cost airline

Ecuador has a new  airline . This is  JetSmart , an ultra-low cost line that will provide its services in the country. The flights will be from  Quito to Lima and Guayaquil to Lima  and will be made directly. Ecuador has a new ultra low cost airline Ticket sales will begin this...
Posted On 22 Nov 2023
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“The future of Artificial Intelligence”, TRANSCENDER presented its 5th edition.

This Saturday, November 11, the 5th was held. edition of Transcender with the presentation of The future of Artificial Intelligence. Víctor Hugo Herrera, business consultant; Carlos Zúñiga, Digital Strategist; Juan Alfredo Triviño, Reinec and David Dueñas, Iroute. The event was...
Posted On 13 Nov 2023
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