It is not yet notified if demand by ICE rising was admisible

The Constitutional Court has not yet announced whether the constitutional claim against the 100% Special Consumption Tax (ICE for its Spanish acronym) for gas cookers was admissible or not.  Assemblymen of the CREO party filed the lawsuit on January 28 and continue waiting for a...

VAT will be eliminated for induction cookers

With 91 votes in favor, 20 against and 4 abstentions, the Production Incentives and Tax Fraud Prevention Law was approved yesterday.  A proposal from Alianza País and the production sector was included in this law, which states that gas cookers will have a Special Consumption Tax...

2000 people have signed up to buy induction cookers

Until today, there have been about 2000 people in the replacement program for gas cookers with electric cookers through the website www.ecuadorcambia.com, which was enabled on August 18. This data was indicated by Alexis Valencia, Secretary of Industrial Development of the...

Change of gas cookers by electric begins this August 1st

The change of gas stoves by electric will start this August 1st nationwide. The Government encourages the replacement of three million stoves, because it seeks to save $800 million per year spent on the gas subsidy. In Ecuadorian households 92% of liquefied petroleum gas is...

Promotions are created to sell gas cookers

Appliances manufacturers and stores register a fall of between 10% and 40% in sales of gas cookers. For this reason they have been forced to create promotions to achieve the output of these products. The offers ranking from discounts of 20% in the final price, passing through the...

Futures suppliers for induction cooking pots present their proposals to today

Cooking pots manufacturers, who aspire to be suppliers of the State plan to replace gas cookers for induction cookers, shall present their proposals to the Ministry of Industries until today. The deadline is at 17:00 and until yesterday the proposals of four companies were...

Gas-cookers factories present losses in sales

Representatives of factories that produce gas-cookers reduced their production in Ecuador between a 50% and more than a 60%. This measure is due to the announcement of the government Efficient Cooking Plan, which plans to distribute 3.5 million electric induction cookers from...