Productive sector foresees a decrease

While President Rafael Correa acknowledged that Ecuador’s economy could register a low or zero growth or even decrease during 2015, the National Planning and Development Secretariat (Senplades) announced on Tuesday (September 15) reviews to the Inheritance and Capital Gains...

BCE reported growth of 3.5% in the Ecuadorian economy

The Central Bank of Ecuador (BCE) said in a statement that the Ecuadorian economy grew 3.5% in the second quarter of this year compared to the same period in 2013. The growth is mainly by the performance of non-oil sector, which contributed 2.85 percentage points, confirming that...

Ecuador will have more than $ 8,000 million investment in 2015

On Saturday during its usual nation-wide broadcast, President Rafael Correa announced the Annual Investment Plan for next year, which will include a budget of $ 8,000 million in six areas of the Executive. Higher values ​​will be invested in strategic sectors, $ 3,000 million;...

Minister Rivera diminish the importance of IMF economic reports

The coordinator minister of the Economic Policy Patricio Rivera, assured that the country’s economy “going very well” and this year will grow by 4% or a “little more” and that the government does not care what it says or does not say the...

Coca-Codo Sinclair Hydroelectric will be ready in 2016

On Tuesday president Rafael Correa inspected the progress in the construction of the hydroelectric project Coca-Codo Sinclair, located between the provinces of Napo and Sucumbios, and held meetings with officials, workers and executors of the work. Jorge Carrasco, inspector of...

FLAR approved a $ 617.58 million credit for Ecuador

On Tuesday, Finance Minister Fausto Herrera, deputy operations manager of the Central Bank of Ecuador, Veronica Garces, signed with the president of the Latin American Reserve Fund (FLAR for its Spanish acronym), Ana María Carrasquilla, a credit to support the Ecuadorian balance...

Project that reduces profits of telephone companies’ employees, returns to the CAL

The Committee on Rights of Workers of the National Assembly, decided to return to the Board of Legislature Administration (CAL for its Spanish acronym), the Draft Amendment to the Law of Telecommunications, which seeks to redistribute profits of workers in that area, so that the...

Senae investigates people who sell contraband goods online

Smuggling through social networking is a new way to evade customs controls, as reported by the authorities of the National Customs Service (Senae for its Spanish acronym). One person was arrested while trying to enter as baggage, goods that had been sold through a website. The...