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Businesses strive to get out of coma

In times of emergency, Eva, Genesis and Jampier have not had the privilege of many: that of being able to stay at home. This is because, like thousands of Ecuadorians, they face a battle similar to the one that the State tries to assume with the health of the population: that of...
Posted On 08 Apr 2020
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The international price of a ton of cocoa falls $ 700

Before the coronavirus (covid-19) health emergency began worldwide, the ton of cocoa for export was quoted at $ 2,940. Now with measures to mitigate the infection, the price of the Ecuadorian product reaches $ 2,230. In other words, the crisis caused a loss of $ 700 for each ton...
Posted On 06 Apr 2020
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Online business channels are used more, but not all increase in sales

The obligation to quarantine and stay home to prevent the spread of the COVID-19 coronavirus has caused many companies to temporarily close their physical spaces, however, their virtual businesses are still active and showing unprecedented exponential growth in visits and in some...
Posted On 06 Apr 2020
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Cocoa and pitahaya, with problems to export

Agro-export has been considered as one of the strategic sectors during the state of emergency that the country is experiencing and, compared to others, it maintains the exclusivity of being able to operate with the use of safe-conducts, even at restricted hours . However, the...
Posted On 02 Apr 2020
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Floriculture sector loses $ 1.5 million daily due to the health crisis

The closing of markets to which Ecuador sold the product has left the flower growing sector in a critical economic situation that is beginning to hit job sources . The global health emergency from coronavirus is the reason. Floriculture sector loses $ 1.5 million daily due to the...
Posted On 01 Apr 2020
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Barrel of oil ends March with the largest monthly loss in history

Benchmark crude prices closed a volatile quarter with its biggest losses in history, after Brent and crude in the United States were hit in March 2020 by the freezing of economic activity due to the coronavirus and the price war. unleashed between Saudi Arabia and Russia. Barrel...
Posted On 01 Apr 2020
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Ecuador uses gold to obtain USD 300 million of liquidity

The Central Bank of Ecuador (ECB) carried out a short-term operation to obtain financing for USD 300 million in exchange for 15 tons of gold from the Central’s reserves . Ecuador uses gold to obtain USD 300 million of liquidity The loan is reflected in the ECB’s...
Posted On 30 Mar 2020
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Electricity and logistics problems lower Ecuadorian oil production

Ecuadorian oil production fell by 27,000 barrels between March 16 and 24. It went from 545,000 barrels per day to 517,700. The most important drop was felt in the state-owned Petroamazonas, which had a decrease of 23,962 barrels in the same period. Electricity and logistics...
Posted On 28 Mar 2020
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Coronavirus: With difficulty, but banana is exported

Despite the health crisis that has led to the confinement of thousands of families, bananas continue to emerge on the markets of international destinations. Coronavirus: With difficulty, but banana is exported The Banana Export and Marketing Association (Acorbanec) highlighted...
Posted On 27 Mar 2020
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Coronavirus disrupts the stock market

According to data from the Superintendency of Companies, Securities and Insurance, the transactional amounts closed on the country’s stock exchanges in 2019 amounted to $ 11,796 million. 58% more than in 2018. Coronavirus disrupts the stock market However, experts consider...
Posted On 23 Mar 2020
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