Economy

Minister of Industries highlights Ecuador’s enabling conditions for economic development

Ecuadorian minister of Industries and Productivity Eva Garcia highlighted Wednesday the existence of enabling conditions for the development of the national economy with infrastructure created by the government of the Citizens Revolution.

Three foreign companies interested in investing in Ecuador’s Pacific Refinery

Ecuadorian minister of Foreign Trade Pablo Campana affirmed Wednesday that three foreign companies are interested in investing in the Andean country’s Pacific Refinery project whose cost is estimated at nearly 14.000 billion dollars.

Incentives for enterprises creates expectation among productive Ecuadorian sectors

President Lenin Moreno’s economic plan generates favorable reactions and criticism from economic analysts and entrepreneurs.

Ecuadorian govenrment to collect $1.6bn a year with new economic measures

With the new economic plan announced by President Lenin Moreno, the government aims at collecting about 1.6 billion dollars a year, 60% of that amount will come from the fight against trafficking and the rest from measures aimed at preventing tax evasion or from the implementation of tariffs to imported products.

Economists have different opinions about IMF report on Ecuador’s growth

Ecuadorian economy experts talked about the IMF projections in their report “World Economic View” according to which the national economy will grow 0.2% in 2017 and 0.6% in 2018.

President Lenín Moreno announces economic measures, no price hikes

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In a televised address, Ecuadorian President Lenin Moreno announced economic measures aimed at recovering and protecting the local economy and maintaining dollarization through incentives for the productive sectors to generate jobs, exempt small entrepreneurs from taxes and other austerity actions.

IMF projects 0.2% economic growth in Ecuador in 2017

The Ecuadorian economy will grow 0.2% this year and 0.6% next year, according to estimates from the International Monetary Fund (IMF) presented in their World Economic Outlook, October 2017.

Ecuador increased exports to the EU by 14% in the first seven months of 2017

Ecuadorian exports to the 28 countries of the European Union (EU) increased by 14% so far this year, after going from 1.6 billion dollars in January to July 2016 to 1.8 billion dollars the same period in 2017 with the 12% increase of exports by tons.

Ecuadorian government will promote private investments to boost the economy

Ecuadorian President Lenin Moreno said Wednesday that the government will promote private investments to boost the economy, which according to figures from the Central Bank shows a 3.3% year-on-year growth during the second quarter of 2017.

Ecuador wins Best Country Award in mining developing at the ‘Annual Outstanding Achievement Awards’

Ecuador won three awards in the categories Country Award (based in the Americas), Exploration and CEO of the Year in Latin America in in the ‘Annual Outstanding Achievement Awards of Mines and Money Americas 2017’ held in Toronto, Canada.

Ecuador’s economy shows 3.3% year-on-year growth in second quarter of 2017

The Ecuadorian economy shows a year-on-year growth of 3.3% in the second quarter of 2017, affirmed Friday Veronica Artola, manager of the Ecuadorian Central Bank (BCE).

Minister of Foreign Trade looks for foreign investments for Ecuador in Switzerland

Ecuadorian minister of Foreign Trade Pablo Campana continues his international trip and is now in Switzerland looking for foreign investments for his country following a successful visit to the United Kingdom where commercial relations were strengthened with different British business sectors.

Ecuador’s Advisory Council handed in 140 proposals to President Lenin Moreno

Members of the Productive Advisory Council handed in about 140 proposals aimed at Ecuador’s productive recovery to President of the Republic Lenin Moreno.

Advisory Council to hand in proposals to President Moreno

The Advisory Productive Council, created on June 22 under presidential decree, will hand in Tuesday the proposals collected in meetings held with representatives of Production Chambers and other private organizations of the Ecuadorian industry.

Ecuador gets ready to celebrate the World Tourism Day

Ecuador gets ready to celebrate the World Tourism Day with a series of events, according to minister of the sector Enrique Ponce de Leon.

Ecuadorian Minister of Economy says ties with multilateral agencies are being strengthened

Ecuadorian minister of Economy Carlos de la Torre informed about Ecuador’s situation during his meetings in Washington before multilateral agencies.

Darby Overseas Investments to make big investment in Ecuador

Ecuadorian minister of Foreign Trade Pablo Campana participated in the signing of a memorandum of understanding between the Institute of Export and Investment Promotion of Ecuador ProEcuador and U.S. company Darbby Overseas Investments which will invest more than 200 million dollars in the country, the Ministry of Foreign Trade informed Thursday.

Ecuadorian Textile Company invests in the country and exports to three countries of the region

Different colored threads are interwoven with machines that turn them into fabric and blankets following different productive processes in the fabric factory located in Cumbaya, 20 minutes away from Quito.

Portugal looks for business opportunities and alliances in Ecuador

Since the coming into force of the trade agreement with the European Union, many nations of such continent look to Ecuador and Portugal is analyzing export and investment opportunities.

President Moreno presents Amazonian Program for Forest Conservation and Sustainable Production

President Lenin Moreno inaugurated Thursday the Amazonian Program for Forest Conservation and Sustainable Production which promotes a development model focused on sustainable forest management, the administration of natural resources and improvements in the production of the six Amazonian provinces of Ecuador.