Connect with us

Hi, what are you looking for?

Ecuador Political News

A first semester of losses for the Ecuadorian economy- Ecuador Times

Ecuador’s economy will close with sales losses in the first half of this 2020. This scenario includes the impact of the pandemic in the productive area from March 16 to June 16, which according to a preliminary report from the Ministry of Production they would add USD 6114 million. The data corresponds to electronic invoicing. The activity that had the worst performance in the first semester was commerce , with losses of 8,722 million in the pandemic . Services and industries followed. The least affected sectors were agriculture, banking, livestock and fishing.

Businesses food and medicines were the least affected.

The fall in economic activity hit employment and there were 240,000 disaffiliations to social security until mid-June.

The economic losses in the companies began to be reflected from March 16 of this year and remained constant until the first week of May when the figures began to improve.

To read the full article on Ecuador Times, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Steven Donziger is the best example of how a handful...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

Chevron Ecuador Lawsuit News

A lawsuit against oil companies reflects progressive attempts to criminalize...