This weekend in Guayaquil there is an event in the convention center trying to push China-Ecuador relations.
China is already a BIG investor in Ecuador. Of the $15 billion they have invested in South America, Ecuador has 40% or $6 billion of China money invested.
To keep reading this article and others like it, sign up for my weekly, Ecuador Insider’s Newsletter below (You can unsubscribe at ANY time):
In the first quarter of 2012 Ecuadorian shrimp exports fell 18% to Europe compared to the same period a year ago while they grew by 36% to the US in the same period.
Many attribute this dynamic to the harsh crisis effecting Europe at the present time.
But over the last 9 months the price of the product has fallen from $3 to $2.25 according to the Chamber of Acuacultura.
To keep reading this article and others like it, sign up for my weekly, Ecuador Insider’s Newsletter below (You can unsubscribe at ANY time):
Cuenca property is hot.
Actually smoking, baby.
But not just due to an increasing demand from foreign retirees, but also locals who for the first time since 2009 have access to reasonably priced loans form their local Social Security system, the BIESS.
According to Marco Rodriguez, the president of the Realtors association in Cuenca, the properties, particularly the condos on the Tomebamba River, Ordonez Lasso Avenue and Gran Colombia Avenue have increased in value year on year by a whopping 40%.
I’d agree, from my own market investigations, it seems most foreigners prefer to buy or rent right along the river, on the outskirts of the old town (not right in it), or along the upper class areas of Ordonez Lasso and the Gran Colombia.
Now, the president of the realtors association stated in an article by the Comercio recently the increase in these areas was due to foreign demand.
I’d agree.
This is where most foreigners in Cuenca prefer to be.
To be notified of the newest properties for sale as soon as they hit the market, sign up for my Weekly Ecuador Insider´s Newsletter, you can unsubscribe at any time:
According to the Ecuador Central Bank, in the first quarter of 2012, the exportation of Tuna and other fish products fell 112 tons compared to the same period a year ago, but revenues still increased 13% due to the higher international prices for the product.
After an interesting conversation with a local fishermen in Ecuador, I can confirm this, as he said with each passing year they have to go further and further out in the ocean to bring back a decent catch.
To keep reading this article and others like it, sign up for my weekly, Ecuador Insider’s Newsletter below (You can unsubscribe at ANY time):
Last Friday, cocoa closed on the NY stock exchange at $2112 per ton, a year ago at this time it was at $3200 per ton.
The drastic fall in prices has caused an 11% decrease in revenues generated on cocoa export sales in Ecuador in the first trimester of 2012, compared to the same period a year ago.
Locally, the price per “quintal” is at $90 when a year ago it was at $160.
To keep reading this article and others like it, sign up for my weekly, Ecuador Insider’s Newsletter below (You can unsubscribe at ANY time):