Doing business in Ecuador: 3 critical facts Nordic companies must know before investing or entering high-value deals

Ecuador presents significant investment opportunities across various sectors like construction and energy. However, Nordic companies may find the local business climate complex and reliant on relationships. Success often hinges on access to high-level decision-makers rather than just proposals. Middle managers may hinder progress, as many lack the authority or motivation to advance new ideas. Persistence, patience, and local presence are key, as silence after initial meetings is common. Building strong relationships is essential, as business in Ecuador is deeply personal and trusting.

International business matchmaking: The smart route to global success

Business matchmaking is a strategic process connecting companies with international partners, clients, or investors aligned with their goals. It enhances efficiency by saving time and costs while providing market intelligence. Background screening is crucial, ensuring partners are stable and reliable. Small to large companies can benefit from tailored matchmaking services. Lassi Pensikkala, with over 30 years of experience, emphasizes the advantages of personalized assistance over traditional agents. Business matchmaking is a vital tool for successful global expansion, fostering lasting partnerships and reducing risks.

With Noboa’s win, Ecuador opens the door to Nordic Mining Innovation – Finland and Sweden supply 80% of the world’s underground mining technology

Daniel Noboa’s presidential victory presents an opportunity for sustainable economic growth in Ecuador, especially in the mining sector. By partnering with Nordic countries like Finland and Sweden, which excel in underground mining technology, Ecuador can modernize its practices. These nations offer advanced safety, automation, and sustainability solutions, crucial for public acceptance of mining. As Ecuador seeks to enhance its mining capabilities, building strategic partnerships with Nordic technology providers can create a competitive and responsible industry. The time is ripe for collaboration that prioritizes clean and smart mining practices.

Team Finland at Expominas 2024: An opportunity for innovation and sustainability in Ecuadorian mining

Lassi Pensikkala recently participated in the “Breakfast and Mining Seminar” event hosted by the Embassy of Finland in Peru, Mining Finland, and other organizations at Expominas 2024 trade fair in Quito. The seminar highlighted the crucial role of sustainability in mining and promoted Finnish technology in Ecuador. The Finnish mining cluster, comprising universities, research organizations, technology providers, mines, and smelters, was showcased. Expominas 2024 offered Finnish companies a platform to exhibit their offerings and connect with potential partners and customers, strengthening the relationship between Finland and Ecuador for a sustainable and technologically advanced mining industry.

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