Technological products would increase costs in this week by tariff surcharges

The owners of technological products stores expect to raise costs from this week. From today, many businesses are receiving the merchandise with an increase due to the tariff surcharges, effective from March 11. The Chamber of Commerce of Guayaquil identified at least 50...

Petroamazonas highlights increase in its production

Petroamazonas EP said this Thursday in a statement the increase of 10.5% of its production in 2014, that reached a daily average of 361,072 barrels of oil compared to 326,596 barrels in 2013. The result is due to an enhanced training of the technical staff of the company, said...

International Oil closed at $ 54.12 in late 2014

The WTI Crude, reference to  the Ecuadorian crude, closed at a price of $ 54.12 in December 30 of 2014, said the international news agency Efe. The figure shows a recovery from the losses that had been accumulating in recent months. The numbers reflect an increase of 0.95%....

New Incentives Law defines the tax increase on cigarettes

Ecuador raised taxes to discourage the consumption of harmful products such as cigarettes and to promote the national industry,upon taking effect this December 30 the Organic Law on Production Incentives and Tax Fraud Prevention. According to the Internal Revenue Service (SRI by...

Unified salary for 2015 will be $ 354

The Minister of Labour, Carlos Marx Carrasco, today announced an increase of $14 for the unified salary, which will increase to $ 354. Carlos Marx Carrasco justified his decision to increase only 4.11%, noting that “with the appreciation of the dollar and the huge...

Conades meets again to discuss wage increase

The workers sector said they are willing to lower their initial proposal to increase the Unified Basic Salary (SBU for its Spanish acronym) for 2015, in the case that employers also make flexible their position, said Jaime Arciniega, chief of the labor sector before the Conades....

Correa announced an increase in tariffs for Andean partners

The Ecuadorian government will increase tariffs on products coming from Colombia and Peru in similar percentages to the devaluations of their currencies. This measure, the President said, is because Ecuador due to dollarization, can not adjust the exchange rate to counter...

Financial institutions increase earnings in a 17.37% until September 2014

The private financial institutions in Ecuador obtained between January and September of 2014 earnings of $ 232.4 million, an increase of 17.37% compared to the same months in 2013 ($ 198 million), according to the Superintendency of Banks and Insurance (SBS for its Spanish...