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Exports in free fall

  According to a report of Fedexpor, non-oil exports to the Andean Community of Nations (CAN) recorded a 15% drop in 2015. Among the products that experienced more difficulties are tuna (72.5%), minerals and metals (36.7 %) and plastics (34.7%). However, some products...
Posted On 29 Feb 2016
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Traffic of containers decrease by 1.9% in Guayaquil

  Guayaquil is the second busiest port in the Andean Community, after Callao. Last year a 1.9% reduction in traffic of containers was recorded while an increase of 2.3% was recorded in the Peruvian port.”   Guayaquil mobilizes 447,000 containers between January...
Posted On 29 Feb 2016
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Ecuador eliminates tourist visa to Chinese citizens

  Ecuador eliminates the tourist visa for Chinese citizens visiting the country for a maximum of 90 days, the foreign ministry reported Sunday. “As of March 1, 2016, Ecuador removes the tourist visa requirement to Chinese citizens who wish to enter the country,”...
Posted On 29 Feb 2016
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Labor demand and sales slowed down

  Companies are adjusted from now before an economy that has not only been slow, but has fallen back a couple of quarters in a row. Some appliance stores or banks, for example, have adapted their schedules. Bank customers find out that some financial institutions where have...
Posted On 29 Feb 2016
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Defendants request that Rafael Correa reconciles the case of land

  The manager of Urbanizadora del Salado SA (Urdesa), Rodrigo Icaza, and the owner of the Repartecsa company, Victor Paredes, called for the intervention of President Rafael Correa in the dispute over a piece of land claimed by Tourism Minister Fernando Alvarado. “We...
Posted On 29 Feb 2016
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Bill suppresses voluntary affiliation to the social security

  The optimization of the workday and Unemployment Insurance bill brings back the controversy over mandatory affiliation for independent professionals, which so far is stipulated in the Social Security Act as voluntary. In the exempting and reformatory provisions of the...
Posted On 29 Feb 2016
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Ecuador, waiting for “extreme scenarios”

  During an interview with pro-government and regional media, President Rafael Correa talked about the national economic situation: delays in the obligations of the central government with local governments, the sustained fall in oil prices and state revenues, the use of...
Posted On 29 Feb 2016
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Safeguards beat up tax revenues

  Tax collection felt the impact of the safeguards implemented by the Government since March. Last year, the Internal Revenue Service (IRS) recorded 524 million less by external taxes, compared to 2014. The figure was decisive when showing the results of the IRS. The agency...
Posted On 29 Feb 2016
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Alleged perpetrators of the death of two Argentine tourists are detained

  Interior Minister Jose Serrano reported that two people were arrested Sunday night on suspicion of the death of Marina Menegazzo and Maria Jose Coni, the two Argentine tourists missing since last February 22.   The minister said that during an operation of the UIAD...
Posted On 29 Feb 2016
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