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The flower sector will bloom within four months

The floricultural sector counts its losses for the 11 days of unemployment, with emphasis on the farms that were invaded by indigenous protesters and infiltrators, he says. Juan Pablo Torres, of Agrinag, calculates at $ 400,000 the losses of 1.2 million stalks of roses that could...
Posted On 17 Oct 2019
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Court confirms sentence of six years in prison for Jorge Glas Espinel

The Court composed of judges Daniella Camacho (rapporteur), Iván Saquicela and the judge Wilmer Terán unanimously denied the appeal filed by former vice president Jorge Glas. With the resolution, the sentence of six years of ordinary minor imprisonment that weighed on him as the...
Posted On 17 Oct 2019
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Intendance controls prices in the market

The price controls in the markets of Quito left as balance two detained merchants, in the Wholesale Market, southern sector of Quito. The Municipality of Pichincha carried out control operations since Friday, in order to verify that the prices of the products do not increase...
Posted On 07 Oct 2019
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Banana bacterial diseases alert in Ecuador: moko and bunchy top

All eyes are on the fusarium race 4 (R4T) and none on the banana bunchy top virus. Although it is not as lethal as the fusarium, its effects on production and the costs of its control are high, so it is recommended to take the necessary risk controls to avoid entering Ecuador....
Posted On 07 Oct 2019
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Ecuador will increase crude oil production after OPEC’s departure, announces Minister Carlos Pérez

Ecuador plans to raise its crude oil production from 548,000 to about 590,000 barrels per day (bpd) next year and increase state investment in the oil sector, following its decision to abandon OPEC due to fiscal problems, Energy Minister Carlos said Thursday Perez The small oil...
Posted On 04 Oct 2019
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29 financial institutions offer virtual wallet services

The Mobile Wallet (BIMO) begins operations with 13 banks, 15 cooperatives and a mutualist, as of Thursday, October 3, 2019. The service is aimed at making low value payments such as taxi races, shopping in a store or consumption at a gas station or restaurant. In general manager...
Posted On 04 Oct 2019
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Saudi Arabia minimizes the consequences of Ecuador’s withdrawal from OPEC

The withdrawal of Ecuador from the Organization of Petroleum Exporting Countries (OPEC) will not significantly affect the work of the organization, since the contribution of this Latin American nation is minimal, said on Tuesday, October 2, 2019 the Minister of Energy of Saudi...
Posted On 03 Oct 2019
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The Mexican airline Interjet opens a new route between Mexico and Ecuador

The Mexican airline Interjet inaugurated on Tuesday October 1, 2019 a new route between Mexico and Ecuador that will currently have seven weekly frequencies, the Ecuadorian Foreign Ministry said in a statement. The Mexican airline made its inaugural flight on the Mexico City...
Posted On 03 Oct 2019
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Ecuador’s new economic measures were set (2019)

The dreaded rise in VAT was a scare. At least for now. It is one of the first clarifications made by President Lenin Moreno in his national chain last night. “Listen to me well: we will not raise VAT! It will remain at the current level of 12%, ”said the president before listing...
Posted On 02 Oct 2019
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Assembly receives proposal for early confiscation of assets due to corruption

Iván Granda, head of the Anti-Corruption Secretariat, delivered on Tuesday, October 1, 2019, the proposed Domain Extinction Law to César Litardo, president of the National Assembly. This activity is part of the work carried out at the Democratic Table of the 2030 National...
Posted On 02 Oct 2019
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