Category

Eduardo Peña, President of the Chamber of Commerce of Guayaquil is managing to bring Barcelona’s coach Josep Guardiola. The reason of his visit would be to dictate motivational seminars exclusively to members of the House of Commerce of Guayaquil. “We are about to confirm...

Ecuadorian Agriculture Minister, Santiago Leon said yesterday he issued a new decree -the No. 017 – on Wednesday after correcting the error in the previous agreement. This new decree keeps the current banana box price, but modifies the weight. In the previous paper the...

President Rafael Correa Ecuador has no plans to issue foreign debt bonds this year for the first time since it declared a default on the equivalent of 3,200 million dollars in bonuses in 2008, said Thursday President Rafael Correa. “There is no pilot plan, we have found...

Ecuador exported about 10,500 tons of flowers, 70% were roses for Valentine’s Day. United States was the destination of 41% of Ecuadorian flowers, while Russia is in second place as a destination, with 23% and Europe in third with 21%, said Ignacio Perez, CEO of the...

After four years of absence, the Ecuadorian authorities plan to re-financed through bonds, reported Analisis Digital weekly. The central bank president, Pedro Delgado said he “is in talks with Hamilton Financial, Lazard Ltd and Clifford Chance to structure a bond...

The representatives of the banana industry and the vice minister of Agriculture, Aquaculture and Fisheries, Ivan Wong met to create a data base with the IRS, Magap, Customs office and the Central bank. This plan looks to verify the current state of contracts of purchase and...

A spokesman of the European Union in Quito informed the suspension of talks about a possible commercial agreement with Ecuador, after the South American country showed interest in Mercosur and rejected the treaties for free trade. “The talks to reestablish negotiations for a...

Last Thursday night the Ecuadorian President Rafael Correa announced that the government is working on a quota system for the use of gasoline. “It’s a project to control the waste of fuel,” explained Correa. The idea is to set a quota for each family with 30 gallons per year. Any...

The National Institute of Statistics and Census (INEC) released its report on the unemployment figure for 2011 today. The year closed with a 5.1% figure, lower than the unemployment rate registered in 2010, which was 5.5%, due to economic growth in 2011. Last year also ended with...

Following the removal of fuel subsidy, the Ecuadorian government officially introduced the new prices of airline tickets.Airlines raise an increase of between 15 and 20% on national routes, while flights to the Galapagos Islands have increased in 40%, the Aerogal company reports....