Ecuador 2012 launched in Quito

Ecuador, November 27, 2012—Leading international business and consultancy company The Business Year (TBY) launched its Ecuador 2012 publication during a breakfast conference at Hotel Dann Carlton in Quito on Tuesday, November 27, 2012. The launch of the 2012 issue was attended by over 70 of the country’s leading business executives and public figures and featured speeches by Francisco Rivadeneira, Vice-Minister of Foreign Trade and Integration; Rubén Moran, Coordinating Vice-Minister of Production, Employment, and Competitiveness; Patricio Romero, Director of Huawei Enterprise Business Group, Ecuador; and Leland Rice, TBY’s Regional Editor.

The publication, which is the most comprehensive English-language review of the Ecuadorean economy to date, is the result of a partnership between TBY and PRO ECUADOR, the National Institute of Export and Investment Promotion. The comprehensive research represents PRO ECUADOR’s ongoing efforts to provide high-quality economic intelligence to the global investor community.

Vice-Minister Rivadeneira congratulated the TBY team for helping to broaden the exposure of Ecuador’s business climate. He stated: “The Business Year is going to help us promote the image of our country and position it at the international level, especially in the business scope. This publication is a powerful tool for the attraction of foreign investment, the promotion of tourism in the country, and the creation of businesses between national entrepreneurs and business people all around the world.”

Regional Editor Leland Rice noted that TBY’s view on Ecuador was positive, due in large part to a sustainable economic model. “Ecuador is unique in that it has struck the rare balance between harnessing its natural resources for economic growth while at the same time protecting its environment and ensuring the social welfare of its people,” he noted.

Rice also emphasized public investment in agriculture, real estate, transportation, and tourism that have worked to develop the country beyond its hydrocarbon revenues. “We are particularly excited about mining,” he noted. “A number of large projects are now moving from exploration to production as Ecuador begins tapping its massive mineral reserves, which at current international prices are valued at $185 billion.”

The Business Year: Ecuador 2012 features over 150 interviews, including Jeannette Sánchez, Coordinating Minister of Economic Policy; Santiago León, Coordinating Minister of Production, Employment, and Competitiveness; Pedro Delgado, President of the Board of the Central Bank of Ecuador; Jorge Glas Espinel, Minister of the Coordination of the Strategic Sectors; and Efraín Vieira, General Manager of the Ecuadorean Social Security Institute Bank.

The publication is available on TBY’s website: