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Central Bank of Ecuador (BCE for its Spanish acronym) lowered the projection of its economic growth for 2012, to 4,8%. The previous prognosis was of 5,4% according to the report published by the monetary authorities this Tuesday. The report does not explain the motive of the...

Businessman Alvaro Noboa spoke once again today on the nonpayment of the banana box official price in Ecuador. In his remarks he mentioned some names of companies that would be disrespecting the price. “I ask the Chief of State and Minister of Agriculture to send inspectors...

The shops that issued credit cards as a financing option for its clients must quit doing so, according to a decision issued on July 5 by the Banking Board and published yesterday by the Superintendency of Banks. The provision JB-2012-2225 indicates that only financial...

The minister of agriculture, Javier Ponce, declared the emergency state for the banana sector in Ecuador after a meeting held this Friday 13. Ponce assured that once the emergency declaration is signed, the instructions will be defined to apply help measures for the sector....

The cities of Quito, Cuenca and Guayaquil, will receive about $ 182 million, with the competence transfer for transportation. These funds are nationally destined to all councils and distributed according to the proportion of the territory. State Democratization general secretary,...

Most Latin American countries have lower levels of innovation than others with the same gross domestic product (GDP) per capita, although there are some exceptions such as Chile, which has the greatest capacity for innovation in the region. This follows the report on the Global...

Several banana exporting companies were unable to export about 180,000 boxes of fruit, because it exceeded the licensed capacity in contracts with producers, said Carlos Velez, coordinator of Zone 5 of the Ministry of Agriculture, Livestock, Aquaculture and Fisheries (MAGAP). A...

In the first quarter of 2012, Ecuador registered a fall of 3.95% less in Gross Domestic Product (GDP) compared to the same period last year. This year, GDP rose 4.84% Ecuador, while in 2011 grew to 8.80% in the first quarter. Of fourteen economic activities that contribute to...

Ecuadorian President Rafael Correa said today that Ecuador is not in danger of an economic recession. Despite the claim, the Ecuadorian government revealed that precautionary measures will be taken in case of facing a recession. Because of it, Correa ordered today, the Central...

Five new stores will debut this year in Guayaquil: Blue Coast Business Center, La Piazza Ciudad Celeste, La Piazza La Joya, Plaza Colonia and Global Center, of which the first two are currently operating. The remaining three are still under construction. On the way to the coast,...