VIP INTERVIEWS
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María Soledad Barrera A.
Ecuador
Chairwoman of the Board, Corporación Financiera Nacional
"In 2014 we worked extensively with the productive sector."
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Daniel Zavalaga
Ecuador
General Manager, Yobel Logistic SA
"We aim to continue growing and creating more direct and indirect job opportunities for Ecuadorians."
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Shirley Macías
Ecuador
President, Seyrema
"With logistics operations as complicated as they are today, this can only be done with a solid information technology infrastructure."
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Héctor Rodríguez
Ecuador
CEO, Yachay EP
"We are optimistic about the construction of six plants in the pharmaceutical industry."
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Juan Cevallos Mejía
Ecuador
General Manager, Juan Cevallos
"We currently work on a highly interesting project regarding the shift in Ecuador's production matrix."
FEATURED
Ecuador
FINANCE
Vip Interview
Every Little Helps
"In 2014 we worked extensively with the productive sector."
read article
Ecuador
TRANSPORT
Vip Interview
Supply Chain Solutions
"We aim to continue growing and creating more direct and indirect job opportunities for Ecuadorians."
read article
Ecuador
INDUSTRY
Interview
Smooth Moves
TBY talks to Hernando Chiriboga D., General Manager of CEPSA.
read articleEDITOR'S PICKS
Ecuador
TOURISM
Review: Tourism
Something For All
The current government has launched wide-reaching promotions and injected much-needed investment into the sector, opening up to the private sector for a coordinated effort to manage tourism activities.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Review: Real Estate
On the Up
Since 2007, property markets in Ecuador's urban centers appreciated at a rate of around 10% before slowing down towards the end of 2013. By 2014, rates were still rising.
read article
Ecuador
HEALTH & EDUCATION
Review: Health
Doctor Feelgood
Reform in the social security system has increased coverage across the population; however, it has also created a deficit in funding that needs to be address before it spirals out of control.
read article
Ecuador
TELECOMS & IT
Review: Telecoms & IT
Tuning In
Ecuador has recently announced and developed a series of ambitious initiatives that could re-contour the sector.
read article
Ecuador
ECONOMY
Interview
Export Expertise
TBY talks to Diego Aulestia Valencia, Minister of International Trade, on the importance of trade agreements, safeguard tariffs, and investment flows.
read article
Ecuador
DIPLOMACY
Guest Speaker
One Happy Family
TBY talks to Winston Dookeran, Minister of Foreign Affairs of Trinidad and Tobago, on relations with Latin America and Ecuador.
read articleTABLE OF CONTENTS
SHOW ALL
ECUADOR2015
Ecuador
DIPLOMACY
Year In Review
New Ways
Financial backing from China is propping up the public investment agenda for now, with hopes that a diversifying economy can support growth long term.
read article
Ecuador
DIPLOMACY
Review: Diplomacy
Friends in High Places
President Correa's administration has established the country as a reliable partner and promoter of fair play and universal human rights.
read article
Ecuador
DIPLOMACY
Inside Perspective
An Equitable Advance
HE Rafael Correa, President of Ecuador, on weathering economic challenges and looking to a future of greater social inclusion.
read article
Ecuador
DIPLOMACY
Guest Speaker
Making Progress
TBY talks to HE Luis Guillermo Solís Rivera, President of Costa Rica, on the importance of the diplomatic relationship between the two countries.
read article
Ecuador
DIPLOMACY
Guest Speaker
One Happy Family
TBY talks to Winston Dookeran, Minister of Foreign Affairs of Trinidad and Tobago, on relations with Latin America and Ecuador.
read article
Ecuador
DIPLOMACY
Guest Speaker
Mutual Friends
TBY talks to Maxine McClean, Minister of Foreign Affairs and Foreign Trade of Barbados, on the significance of regional integration, the importance of people-to-people exchanges, and the building of Barbados-Ecuador relations.
read article
Ecuador
DIPLOMACY
Focus: UNASUR
For the Common Good
Following the inauguration of the Union of South American Nations' (UNASUR) new headquarters in Ecuador, the international organization is ready to become the South American integration capital
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Ecuador
DIPLOMACY
Interview
Collective Knowledge
TBY talks to Ernesto Samper Pizano, Secretary General of the Union of South American Nations (UNASUR), on Ecuador's contributions to the organization.
read article
Ecuador
ECONOMY
Review: Economy
Equal Opportunities
Crude oil forms a key part of the national export basket, with overseas sales in 2014 valued at around $11.4 billion.
read article
Ecuador
ECONOMY
Column
Shop Till You Drop
TBY talks to Patricio Ortiz, General Manager of Gerardo Ortiz, on the retail sector.
read article
Ecuador
ECONOMY
Interview
Export Expertise
TBY talks to Diego Aulestia Valencia, Minister of International Trade, on the importance of trade agreements, safeguard tariffs, and investment flows.
read article
Ecuador
ECONOMY
Interview
Promotion Cycle
TBY talks to Víctor Jurado Carriel, Executive Director of Pro Ecuador, on the importance of the export industry and investment milestones.
read article
Ecuador
ECONOMY
B2B: Strategic Projects
In the Round
TBY talks to two industry leaders about growth opportunities.
read article
Ecuador
ECONOMY
Forum: Chambers of Commerce
Common Ground
As Ecuador looks to attract foreign investment, Chambers of Commerce are helping build strategic relationships between businesses and investors to promote sustained economic growth.
read article
Ecuador
ECONOMY
Forum: Why Ecuador?
Expanding Markets
Ecuador's diverse economy is attracting multinationals from a range of sectors. Ecuador's remarkable advances in infrastructure, logistics, and technology have been central to it becoming a favorable FDI destination.
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Ecuador
FINANCE
Review: Banking
Between Two Worlds
Ongoing reform has sought to retain funds at home, while separating consumer banking from other financial endeavors to mitigate systemic risk.
read article
Ecuador
FINANCE
Interview
Every Little Helps
TBY talks to María Soledad Barrera A., Chairwoman of the Board of Corporación Financiera Nacional (CFN) on recent successes, turning a profit as a development bank, and supporting key sectors of the economy.
read article
Ecuador
FINANCE
Interview
Rules of Attraction
TBY talks to Ramiro Crespo, Executive President of Analytica, on major successes, attracting FDI, and improving the country's reputation abroad.
read article
Ecuador
FINANCE
Forum: Banking Prospects
Teller Story
The Ecuadorian banking sector is on the verge of major change, as financial institutions move to focus on niche segments of the market.
read articleEcuador
FINANCE
Review: Capital Markets
When Oil Else Fails
Still very thin on equities, the two exchanges that comprise Ecuador's capital markets have yet to reach their target audience vis-à-vis listing; namely family-run enterprises shy of the attention.
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Ecuador
FINANCE
B2B: Attracting FDI
May The Bourse Be With You
The Ecuadorian capital markets are set to be a key source of finance for listed companies, as well as an attractive investment destination.
read article
Ecuador
FINANCE
Focus: E-Currency
Next stop: Financial inclusion
Ecuador has developed the first-ever state-run electronic money system in order to expand financial inclusion among the most vulnerable sectors of the population.
read articleEcuador
FINANCE
Review: Insurance
The Bold Policy
Ecuador's insurance sector, like the wider financial arena, is adjusting to reforms that will shape it for the decades ahead.
read article
Ecuador
FINANCE
Interview
A Sure Thing
TBY talks to Julio Moreno Espinosa, General Manager of Seguros Oriente S.A., on a changing portfolio, growing product lines, and the potential for growth in the sector.
read article
Ecuador
FINANCE
B2B: Reform
Time For A Change
A tightening of the country's insurance sector presents opportunities for forward-thinking companies.
read article
Ecuador
ENERGY & MINING
Review: Energy
Ready to Go
A government policy of nationalizing hydrocarbon reserves is off putting to foreign investors; however, state-owned companies are hoping they can move ahead on their own and jump start stagnated production levels.
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Ecuador
ENERGY & MINING
Column
The Big Show
TBY talks to Hassan Becdach, General Manage of HJ Becdach, on the events sector.
read article
Ecuador
ENERGY & MINING
Interview
Heavy Metal
TBY talks to, Juan Cevallos Mejía, General Manager of Juan Cevallos, on the demand for its products in various sectors, and regional expansion opportunities.
read articleEcuador
ENERGY & MINING
Focus: Sustainable Cities
The Greener The Better
Quito is becoming an arena of dialogue and capacitation when it comes to sustainable urban development.
read article
Ecuador
ENERGY & MINING
Vox Populi: Oil Price Challenge
Play the Market
Despite the obvious challenges presented by the drop in oil prices, firms are attempting to weather the storm by consolidating their existing deals.
read articleEcuador
ENERGY & MINING
Review: Mining
Building Bridges
A new Ministry of Mining is hoping to smooth over relations with the mining community after a rocky few years with new tax incentives and more flexible contracts.
read article
Ecuador
ENERGY & MINING
Interview
Dig Deep
TBY talks to Javier Córdova Unda, Minister of Mining of the Republic of Ecuador, on state policy, protecting the environment, and opportunities for the sector going forward.
read articleEcuador
ENERGY & MINING
Focus: Gold Mine
The Forbidden Fruit
As Ecuador invests its efforts on building mining as a pillar of the economy, Lundin Gold takes on the challenge of one of the biggest undeveloped gold projects in the world.
read article
Ecuador
ENERGY & MINING
Interview
The Golden Opportunity
TBY talks to Ron Hochstein, President and CEO of Lundin Gold, on taking on the Fruta del Norte project, the mining investment environment in Ecuador, and goals for 2015.
read article
Ecuador
INDUSTRY
B2B: Electrical Companies
Here For the Cable
Along with infrastructure developments, an increase in demand for electrical supplies is driving growth in the electrical manufacturing and distribution sectors.
read article
Ecuador
INDUSTRY
Review: Industry
A Diverse Mix
SMEs, free trade agreements, a new impetus in mining, and innovations to cut costs through sustainable technologies has set the milieu for Ecuador's industrial growth.
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Ecuador
INDUSTRY
Column
Switched On
TBY talks to, Héctor Herrera, Country Manager of Havells Sylvania, on lighting sector.
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Ecuador
INDUSTRY
Interview
A Smoking Performance
TBY talks to Hernán Irigoyen, General Manager of ITABSA (Phillip Morris), on the power of the right workforce and countering contraband products.
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Ecuador
INDUSTRY
Forum: Food
The Spread
As Ecuador's foreign and domestic markets grow, food firms are looking to differentiate their offerings and bolster their reputations.
read articleEcuador
INDUSTRY
Focus: Aluminum
No Rust On This
The production of aluminum is an increasingly key industry in Ecuador's expanding economy. The government is doing its utmost to promote the sector, with its integral plan for the development of key natural resources-based industries.
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Ecuador
INDUSTRY
Vox Populi: Local Production
Home Made
Local manufacturers are taking advantage of increasing demand to upgrade their capacity and reach new markets.
read article
Ecuador
INDUSTRY
Vox Populi: Car sales
Gearing Up
With most of Ecuador's cars coming from elsewhere, economic and regulatory conditions are watched closely by all.
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Ecuador
INDUSTRY
B2B: Lubricant Companies
Slippery Work
Meeting the demands of end-users and industrial customers in Ecuador is a balance of sourcing quality exports and domestic production.
read article
Ecuador
TELECOMS & IT
Review: Telecoms & IT
Tuning In
Ecuador has recently announced and developed a series of ambitious initiatives that could re-contour the sector.
read article
Ecuador
TELECOMS & IT
Interview
Hyperconverged Infrastructure
TBY talks to Eng. Augusto Espín Tobar, Minister of Telecommunications and Information Society, on 4G technologies, Ecuadorian R&D, and the telecommunications law.
read article
Ecuador
TELECOMS & IT
Interview
City of Knowledge
TBY talks to Héctor Rodríguez, CEO of Yachay EP, on the growing entrepreneurial community in Ecuador, and the university's planned investments in both the private and public sector.
read article
Ecuador
TELECOMS & IT
Interview
Ground Control
TBY talks to José Daniel Gómez, President of DIRECTV, on Ecuadorian television, innovation, and DIRECTV's expansion plans.
read articleEcuador
TELECOMS & IT
Focus: 4G
Welcome to the Fourth Generation
Ecuador has taken a step towards high-speed connectivity, allowing the two biggest mobile operators in the country, Claro and Movistar, to offer 4G services to over 16 million mobile phone users.
read article
Ecuador
TELECOMS & IT
Vox Populi: IT Solutions
Plugged in, Switched On
IT operators are becoming an indispensible component of the economy, through innovative technology solutions across sectors from finance, transportation, to healthcare.
read article
Ecuador
TRANSPORT
Interview
Flight Safety
TBY talks to Roberto Damone, Chairman of the Board of Aeromaster, on the history of Aeromaster, the aeronautics industry, and the company's prospects for growth.
read article
Ecuador
TRANSPORT
Column
Route One
TBY talks to, Juan Carlos Andrade, General Manager of Grupo Noroccidental, on transport sector.
read article
Ecuador
TRANSPORT
Review: Transport
Road to Repair
Positive improvements to the transportation system in recent years have enabled greater efficiency and safety for transport and logistics companies although investment in infrastructure continues to be a challenge.
read article
Ecuador
TRANSPORT
Interview
Movin’ On Up
TBY talks to Ricardo Quiroga, General Manager of Correos del Ecuador E.P., on Ecuador's development, the state of the country's infrastructure, and the company's portfolio.
read article
Ecuador
TRANSPORT
Interview
Supply Chain Solutions
TBY talks to Daniel Zavalaga, General Manager of Yobel Logistic SA, on the services Yobel offer, supply chain management, and incorporating more services.
read article
Ecuador
TRANSPORT
B2B: Courier Companies
Logistically Speaking
Logistics is a cornerstone of business development, future initiatives, and projects.
read article
Ecuador
TRANSPORT
Focus: Quito's Metro
Fast Track
Construction of Line 1 of Quito's Metro, or Metro de Quito, is well underway in Ecuador's capital.
read article
Ecuador
TRANSPORT
Interview
Getting There
TBY talks to Shirley Macías, President of Seyrema, on addressing the challenges imposed on the transportations sector by import restrictions.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Review: Real Estate
On the Up
Since 2007, property markets in Ecuador's urban centers appreciated at a rate of around 10% before slowing down towards the end of 2013. By 2014, rates were still rising.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Column
Build It
TBY talks to Jaime Santiago Herdoíza Holguín, Executive President of Grupo Herdoíza, on construction sector.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
B2B: Construction trends
A Solid Foundation
The real estate and construction sector, in the face of dropping oil prices or financial instability, is a safe and secure market for investment.
read articleEcuador
CONSTRUCTION & REAL ESTATE
Focus: Housing Reform
Homes for All
The government, in a bid to boost the real estate and construction sector, has implemented a new financial regulation on public interest housing.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Vox Populi: Housing Incentives
Come On, Let’s Build
Recent public housing initiatives undertaken by the government have created a win-win situation for buyers and developers alike.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Review: Construction
Look East
Despite budgetary constraints as a consequence of the enduring low oil price, construction remains a safe and attractive investment sector, and one that is drawing investor interest from far and wide. Regardless of hydrocarbons, the medium-term outlook seems sound.
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Ecuador
CONSTRUCTION & REAL ESTATE
Column
Rapid Turn Around
TBY talks to, Henry Yandún General Manager of Kubiec-Conduit, on construction sector.
read article
Ecuador
CONSTRUCTION & REAL ESTATE
Interview
Every Nook And Cranny
TBY talks to Juan Pablo Sotomayor, General Manager of Imptek, on the government's investment in roads and highways, Imptek's plans for regional expansion, and asphalt production.
read article
Ecuador
AGRICULTURE
Review: Agriculture
Diversifying the Basket
Declining oil prices since June 2014 have left Ecuador's export market searching for fresh alternatives. A series of tax reliefs and import tariffs have been introduced throughout 2014 and 2015 to help support the country's diverse and increasingly evolving agriculture sector.
read article
Ecuador
AGRICULTURE
Interview
Eat Your Greens
TBY talks to Alfredo Zeller, President of Provefrut, on the EU-Ecuador trade agreement, Provefrut's international presence, and diversifying into the organic market.
read article
Ecuador
AGRICULTURE
Focus: Quinoa
The Golden Grain
Quinoa is becoming an increasingly consumed food product year after year, especially on the European continent.
read article
Ecuador
AGRICULTURE
Forum: Exports
Coming Up Roses
As Ecuador looks to increase its export market, agricultural exports are boosting and diversifying the country's portfolio.
read article
Ecuador
HEALTH & EDUCATION
Review: Health
Doctor Feelgood
Reform in the social security system has increased coverage across the population; however, it has also created a deficit in funding that needs to be address before it spirals out of control.
read article
Ecuador
HEALTH & EDUCATION
Column
Attractive Enterprise
TBY talks to, Fabián Quilumba a., General Director of Bellgenica, on health plans.
read article
Ecuador
HEALTH & EDUCATION
B2B: Healthcare Trends
Spoonful of Sugar
From pharmaceutical firms to clinical research labs, companies in the healthcare sector are innovating their business strategy to adapt to Ecuador's evolving economy.
read article
Ecuador
HEALTH & EDUCATION
Focus: Local Pharmaceuticals
Home Grown
Its dependence on imported drugs, an increase in chronic diseases, and government initiatives to attract further foreign investment could make Ecuador a profitable drug-manufacturing center for foreign companies.
read articleEcuador
HEALTH & EDUCATION
Review: Education
Education For All
President Correa initiated sweeping reforms across the Ecuadorian education system with the aim of improving standards and access. The beneficial effects of the reforms have been felt across the social strata.
read article
Ecuador
HEALTH & EDUCATION
Interview
Quality Excellence
TBY talks to Carlos Cordero Díaz, Rector of Universidad del Azuay, on exchange programs, Azuay's medical program, and the government's regulatory and legislative changes in the higher education sector.
read article
Ecuador
HEALTH & EDUCATION
Vox Populi: Universities
Great Minds
Universities in Ecuador tailor their curricula to meet the human capital demands of the national economy, as well as taking advantage of the unique geographic and social environment.
read articleEcuador
HEALTH & EDUCATION
Focus: Business Schools
The Right Path
Ecuador has the highest entrepreneurship rate in Latin America and the Caribbean. Business schools in Ecuador are becoming an important part in training future businessmen.
read article
Ecuador
TOURISM
Review: Tourism
Something For All
The current government has launched wide-reaching promotions and injected much-needed investment into the sector, opening up to the private sector for a coordinated effort to manage tourism activities.
read article
Ecuador
TOURISM
Interview
All You Need Is Ecuador
TBY talks to Sandra Naranjo, Minister of Tourism, on ecotourism, advertising at the Super Bowl, and Ecuador's partnership with National Geographic.
read article
Ecuador
TOURISM
B2B: Tourism Agencies
Heating Up
Ecuador is looking to position itself as a top destination offering a mix of history, culture and ecotourism.
read article
Ecuador
TOURISM
Focus: Ciudad Mitad Del Mundo
Where North and South Meet
Comprised of various cultural and ethnographic exhibitions in its museums and pavilions, this national landmark city showcases the country's rich and diverse heritage in one destination.
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Ecuador
TOURISM
B2B: Mitad Del Mundo
In the Middle Of it All
As the touristic, cultural, scientific, and commercial city of Ecuador, Ciudad Mitad del Mundo is the rising star in the country's dazzling variety of destinations.
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Ecuador
TOURISM
Photo Essay
Pure Oxygen
The Ecuadorian Amazon covers an area of 120,000sqm and holds the Napo River Basin, a biological paradise rich in all types of animal and plant species.
read article
Ecuador
TOURISM
Interview
This Could Be Heaven
TBY talks to Gino Luzi, General Manager of Grand Hotel Guayaquil, on Grand Hotel Guayaquil's recent renovations, the hotel industry, and boosting tourism activity in Ecuador.
read articleEcuador
EXECUTIVE GUIDE
Review: Legal
Lay of the Land
Ecuador is an attractive market for foreign investment and is looking to position itself within Latin-American countries. Various legal reforms enacted in 2015 are geared at contributing to Ecuador's development by setting a suitable and efficient legal framework.
read articleEcuador
EXECUTIVE GUIDE
Review: Accountancy
Crunching Numbers
Since the 2008 global financial crisis, the world's economy has shown important signs of recovery. However, Latin America now faces challenges including the fall of global oil prices and other commodities, as well as challenging domestic business climates.
read article
Ecuador
EXECUTIVE GUIDE
Interview
On Trend
TBY talks to Celso Malimpensa, Geographic Leader, PwC, on the five major global megatrends affecting business, and the specific challenges and potential benefits these present to Ecuador.
read article