EDITOR'S PICKS


Ecuador
MINING & INDUSTRY
Vip Interview
Nicholas Mather
“There are many things SolGold finds appealing about Ecuador, one of which is the willingness of the government.”
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Ecuador
TELECOMS & IT
Focus: Telecommunications & Technology
4G Connectivity 2021
The Ministry of Telecommunications and Information Society plans to cover nearly the entire country with high-speed, 4G connectivity by 2021, thus preparing the nation for the forthcoming wave of digital transformation.
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Ecuador
TOURISM
Focus: Flight Connectivity and FDI
Invest Ecuador Tourism
Through increased flight connectivity and new FDI incentives, the Ecuadorian government is determined to make tourism one of the leading sectors of its economy.
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Ecuador
TOURISM
Interview
Carla Paola Cárdenas
“We have a program to refurbish the center of Quito.”
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Ecuador
TOURISM
Interview
Esteban Fiallo
“Trade plays a big supporting role for our exports, and there is great potential for us to be the main port of exports for national products.”
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Ecuador
TOURISM
Interview
Paulina Burbano de Lara
“Metropolitan Touring's largest flow of visitors still comes from the US.”
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Ecuador
DIPLOMACY
Interview
Sylvie Bédard
“Canada is the only country with an international Ombudsperson for Responsible Enterprise who can review certain complaints from a Canadian company’s operations abroad and take actions accordingly.”
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Ecuador
DIPLOMACY
Interview
Josep Piqué Camps
The Ibero-American Business Foundation seeks to strengthen the Ibero-American community through business and commerce.
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Ecuador
DIPLOMACY
Interview
Sheikh Faisal Bin Qassim Al Thani
“I have visited Ecuador in my capacity as a businessperson to learn about Ecuador's investment environment.”
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Ecuador
ECONOMY
Interview
Patricio Alarcón
“Trade can help relieve poverty in the country, while also raising living standards.”
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Ecuador
ECONOMY
Interview
Daniel Legarda
“Fedexpor has gained a great deal of strength due to the country’s need to boost its foreign sales.”
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Ecuador
ECONOMY
Interview
Iván Ontaneda Berrú
The ministry seeks to establish a sustainable economic plan that includes the private sector, promotes partnership models, and reduces the national debt.
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Ecuador
ECONOMY
Interview
Felipe Ribadeneira Molestina
“We need to strengthen our trade relations with Central American countries because it is a big market for our industrialized products, which always helps to develop a portfolio of exportable products with added value.”
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Ecuador
ECONOMY
Forum
Invest in Quito
Approximately 40% of the FDI entering Ecuador is channeled through Quito, which is why a host of organizations are working on further improving the city’s status with a focus on quality, eco-efficiency, and innovation.
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Ecuador
ECONOMY
Interview
Pedro Palacios
“In the past, the city won awards as a great destination for short vacations.”
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Ecuador
ECONOMY
Interview
Carlos Luis Morales Benítez
“The idea is to build a dam with the support of the central government and private investors to provide water to more than 120,000ha of land.”
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Ecuador
ECONOMY
Interview
Juan José Yúnez Nowak
“Security is the most important asset of our city.”
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Ecuador
ECONOMY
Interview
Javier Robalino Orellana
“Large-scale mining takes a longer time to develop, creating a broader and more diverse process.”
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Ecuador
ECONOMY
Interview
Walter Spurrier
“Ecuador was undergoing a momentous transformation, and both multinational and local businesses were eager to understand the changes it brought.”
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Ecuador
ECONOMY
Interview
Rodolfo Cappelo
“The Ecuadorian economy and its prospects over 2019 were, at best, unpredictable.”
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Ecuador
ECONOMY
Forum
Consultancy
As Ecuador adopts a new economic model to provide more clarity and safety, consultancy and law firms are helping investors stay ahead of the curve.
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Ecuador
GREEN ECONOMY
Interview
Marco Troya Fuertes
“Most of the raw materials used today come from the subsoil and are extremely important for Ecuador’s future.”
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Ecuador
GREEN ECONOMY
Interview
Felipe Ávila
“The mining industry is under a magnifying glass in the country.”
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Ecuador
GREEN ECONOMY
Interview
Claudia Alarcón
“Companies must view the environmental issue as an opportunity.”
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Ecuador
GREEN ECONOMY
Interview
Mauricio López
“Solar energy is relatively new in Ecuador.”
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Ecuador
GREEN ECONOMY
Interview
Daniel Garrido
“Schneider Electric is a multinational company, which represents a great advantage, since we transfer our knowledge from country to country.”
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Ecuador
GREEN ECONOMY
Interview
Jorge Burbano
“Electric buses tend to reduce maintenance and operational costs by 76%.”
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Ecuador
FINANCE
Interview
Richard Martínez Alvarado
“The participation of the private sector is always essential for the development of a country.”
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Ecuador
FINANCE
Interview
Verónica Artola Jarrín
“BCE has experienced an important change in recent years.”
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Ecuador
FINANCE
Interview
Pablo Narváez Vivar
“In the future, every single financial institution, from large banks to the smallest cooperative, will use BIMO.”
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Ecuador
FINANCE
Interview
Efraín Vieira Herrera
“Banco del Pacífico has developed solutions and sought allies to ensure better access to credit for every sector of the economy.”
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Ecuador
FINANCE
Interview
José Francisco Paredes Durán Ballén
“We started to work on innovation and digital transformation two years ago.”
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Ecuador
FINANCE
Interview
Fidel Durán
“We started to work on innovation and digital transformation two years ago.”
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Ecuador
FINANCE
Interview
Gilberto Pazmiño
“International companies will consider participating in the stock exchange because the benefits we provide make their operations more transparent.”
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Ecuador
FINANCE
Interview
Moritz Eiris Bonilla
“For 2020, we are focusing on growing in the corporate and public sectors.”
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Ecuador
FINANCE
Interview
Fernando Terneus
“As a broker, Tecniseguros works closely with insurance companies to create or adapt products that best fit the market’s needs.”
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Ecuador
FINANCE
Forum
Insurance
Educating the public about the benefits of insurance is just as crucial as the development of a superior product.
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Ecuador
ENERGY
Interview
Successful Bidder in Oil Rounds
“The main risk previously faced in Ecuador was the capacity to collect payment.”
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Ecuador
MINING
Interview
Santiago Yepez Dávila
"275 new concessions between 2016 and 2017"
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Ecuador
MINING
Interview
Fernando L. Benalcázar
“For 2020, we expect 500% growth and predict exports of over USD1.3 billion due to major economic groups starting business and the sector shifting to large-scale mining sites and production.”
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Ecuador
MINING
Interview
Candace MacGibbon
“Loma Larga will employ approximately 875 people during the construction stage and almost 500 employees during the production phase.”
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Ecuador
MINING
Interview
Diego Benalcázar
“Lumina Group decided to invest in Ecuador in 2014, obtaining the Cangrejos project and the Condor project one year later.”
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Ecuador
MINING
Interview
Fredy Salazar
Fredy Salazar talks to TBY about Ecuador's geological potential and short-term plans.
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Ecuador
HYDROCARBONS
Interview
Fernando Larrea
Flexibility and internationalization have ensured that well over half of FLOPEC’s profits hail from abroad, making it more resilient and better experienced than many domestic players.
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Ecuador
HYDROCARBONS
Interview
Eduardo López
As one of the few private oil service companies in Latin America with its own R&D department, Sertecpet is carrying the private sector torch to maximize output.
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Ecuador
HYDROCARBONS
Interview
Andrés Mendizábal
“OCP Ecuador has transported 855 million barrels of oil in 16 years.”
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Ecuador
HYDROCARBONS
Interview
Giomara López
“At AMA, we understand that the development of high-quality infrastructure in line with international standards and certifications is one of the most positive steps that a developing country can take to achieve.”
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Ecuador
HYDROCARBONS
Interview
Ángel Da Silva
“We are participating in the qualification phase for the bidding process for Sacha field.”
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Ecuador
HYDROCARBONS
Interview
Savio Lima
A half-century of dedicated service to a market means adding perpetual value to the ever-evolving demands of customers.
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Ecuador
HYDROCARBONS
Interview
Diego Díaz
Investing nearly USD500 million in its Ecuadorian assets led to a healthy diversification of ENAP’s business portfolio abroad.
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Ecuador
HYDROCARBONS
Interview
Golda Rodríguez
“We have worked for 70% of the companies in the oil industry in Ecuador, including Schlumberger and CNPC.”
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Ecuador
HYDROCARBONS
Interview
Hassan Becdach Muñoz
“Ecuador’s oil industry is going through a transition.”
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Ecuador
INDUSTRY
Interview
80% of Production Exported
“Any step taken to facilitate trade with our neighbors is welcome by the sector, such as the case of Ecuador joining the Pacific Alliance.”
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Ecuador
INDUSTRY
Interview
Jorge Baigorri
“The company has always been involved in many emblematic projects, in the last years including the Quito metro network, the bridges of Guayaquil, ports in Manabí, and the deepwater port of Posorja.”
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Ecuador
TELECOMS & IT
Interview
Andrés Michelena
“Our first goal is to cover 98% of the country with 4G connectivity by 2021.”
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Ecuador
TELECOMS & IT
Interview
Juan Francisco Flores
“Based on our experience in several countries, we show the local business community how to be cost efficient and improve their profitability and productivity through our digital services.”
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Ecuador
TELECOMS & IT
Interview
Ernesto Kruger
“Ecuador and its business sectors need to fully embark on the fourth industrial revolution through the adoption of exponential technologies including AI, blockchain, and drones.”
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Ecuador
TRANSPORT
Interview
15 Stations, 22km
“The construction was assigned to Acciona, and we are also working with different metro operators from different major cities such as Madrid, Barcelona, Santiago de Chile, and Medellín.”
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Ecuador
TRANSPORT
Interview
José Gabriel Martínez Castro
“The policy of open skies, implemented by President Lenín Moreno, sends a clear message to the world that we are providing legal security for investments, specifically for commercial aviation.”
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Ecuador
TRANSPORT
Interview
Anyelo Patricio Acosta Arroyo
“We have award-winning airports that repeatedly show the world we are world-class and ready to receive them.”
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Ecuador
TRANSPORT
Interview
Andrew O'Brian
“The policy of open skies, implemented by President Lenín Moreno, sends a clear message to the world that we are providing legal security for investments, specifically for commercial aviation.”
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Ecuador
TRANSPORT
Interview
Miguel Reyes
“We need to embrace our responsibility to connect Ecuador internally and create local economic synergies by enabling easier access between our own cities and economic players.”
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Ecuador
TRANSPORT
Interview
Nicolás Gauthier
“Our goal is to welcome large companies in order to offer additional services to Ecuador and its people.”
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Ecuador
TRANSPORT
Interview
Alfredo Jurado von Buchwald
“Yilport’s current vision is to convert the Puerto Bolívar port into a multipurpose port, making it an important international port.”
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Ecuador
TRANSPORT
Interview
Camilo Eugenio Delgado Montenegro
“The complexities of a military ship mean that we can build any kind of ship, be it for tourism or commerce.”
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Ecuador
REAL ESTATE & CONSTRUCTION
Interview
Fernando Correa
SEMAICA is cementing its position in Ecuador’s tourism and mining sectors.
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Ecuador
REAL ESTATE & CONSTRUCTION
Interview
Juan Bernardo
“Our industrial plant, located in Quito, has won the global corporate award from Sherwin-Williams for the continued improvements we have implemented over the last two years.”
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Ecuador
REAL ESTATE & CONSTRUCTION
Interview
Vicente Izquierdo Aguilera
“In 2017, we planted 20,000 fruit trees around Quevedo to improve the environment and taught children and young people to look after the environment.”
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Ecuador
REAL ESTATE & CONSTRUCTION
Interview
Luis Fernando Ríos
“We are exploring new opportunities in the US to bring our Ecuador-produced blankets. The domestic market has become narrower, so we have to find opportunities in other markets.”
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Ecuador
AGRICULTURE
Interview
Ricardo Herrera
“Our objective is to grow as a company in sync with the maturity of the food industry.”
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Ecuador
AGRICULTURE
Interview
Xavier Lazo
“Our technicians at a national level transfer technical and technological knowledge to farmers so that they can carry out their activities in a better way.”
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Ecuador
AGRICULTURE
Interview
Santiago Peralta
“When people try it, they want to know more about it.”
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Ecuador
AGRICULTURE
Interview
Raúl Villacrés
“Banana plantations represent 200,000ha, about 450,000 direct workers, and 50,000 indirect employees related to the rest of the chain.”
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Ecuador
AGRICULTURE
Interview
Vicente Wong
“Reybanpac was recently awarded the Good Business Practices 2019 recognition due to its care and responsibility toward its collaborators.”
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Ecuador
AGRICULTURE
Interview
Damián Baeza García
“Our objective is to integrate even more recycled paper in our supply chain, so that 100% of our products are environmentally friendly.”
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Ecuador
AGRICULTURE
Interview
Andrés Cuka
“Marbelize invests a percentage of its total revenue into innovation and development every year.”
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Ecuador
AGRICULTURE
Interview
Alfredo Zeller
To stand out and remain competitive internationally, Provefrut continues to invest in technology.
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Ecuador
AGRICULTURE
Interview
Ricardo Herrera
Grupo Corporativo Visión looks to revolutionize the local food sector with its research-based Nourishment City project.
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Ecuador
HEALTH & EDUCATION
Interview
150 Years in Operation
“Notably, we entered the QS World Universities Ranking in 2019. We are one of the four Ecuadorian universities in that list. EPN is also ranked highly by The Highest Education Ranking.”
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Ecuador
HEALTH & EDUCATION
Interview
Agustín Albán
“Education is the capstone of national development, the solution to future problems, and the engine of progress.”
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Ecuador
HEALTH & EDUCATION
Interview
Cecilia Paredes
“With the support of the city council, we started the Distrito 100 project.”
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Ecuador
HEALTH & EDUCATION
Interview
Pablo Vanegas Peralta
“Currently, the University of Cuenca has 16,000 students, 1,200 professors, 800 employees, and 12 schools.”
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Ecuador
TOURISM
Interview
Rosi Prado De Holguín
“Right now, tourists in Ecuador stay an average of 1.5 nights per city. We want to increase those figures, and to achieve that, it is important to work more closely with tour operators and improve our tourism offer.”
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Ecuador
TOURISM
Interview
Esteban Fiallo
“Trade plays a big supporting role for our exports, and there is great potential for us to be the main port of exports for national products.”
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Ecuador
TOURISM
Interview
Paulina Burbano de Lara
“Metropolitan Touring's largest flow of visitors still comes from the US.”
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Ecuador
TOURISM
Interview
Carla Paola Cárdenas
“We have a program to refurbish the center of Quito.”
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