Remittance generated 6,000 businesses in Azuay and Canar

The Nabon county, in the Azuay province, receives 6.8% of remittances, according to the Central Bank of Ecuador. The money entering is invested in properties, either to live or commercial premises to generate revenues. Magaly Quezada, mayor of Nabon, says that the houses in the...

Remittances from migrants fell by 26% in seven years

Between 2007 and 2014 remittances from Spain fell by 43% due to the economic crisis, therefore, analysts do not rule out a new massive return of Ecuadorians. The global economic crisis that affects from 2008 developed countries like the United States and Spain (main destinations...

Remittances in Ecuador rose by 5.9%, according to BCE

The remittances that entered to Ecuador in the first quarter of 2014 reached $ 584.4 million, which represented an increase of 5.9% from the same period of last year when the figure was $ 552.2 million, according to the Central Bank of Ecuador (BCE for its Spanish acronym). In...