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Unemployment registered a 4,47% in Ecuador according to INEC

A report published by the National Institute of Statistics and Census (INEC) shows a reduction of the informal sector in the economy thanks to the new calculation methodology applied from this July 16 for the measurement of employment in the informal sector. The new methodology...
Posted On 17 Jul 2015
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If Iran returns it will be a competitor for Ecuador

In six months the sanctions that prohibited financial transactions and oil trade with Iran, as a penalty for the development of a nuclear program that concerned the United States, Europe and the West in general, will be lifted. The return of Iran, the fourth with largest oil...
Posted On 17 Jul 2015
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Ecuadorian clubs in the first round of the Copa Sudamericana

The Ecuadorian teams Emelec, Liga de Loja, Liga de Quito and Universidad Catolica will face Leon de Huanuco of Peru, Colombia’s Independiente Santa Fe, the Venezuelan Zamora and Departamento La Guaira respectively.   They are part of the north zone of the fourteenth edition...
Posted On 17 Jul 2015
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Correos del Ecuador (postal service) focus on other businesses

The public company Correos del Ecuador focuses on other businesses by the fall of postal services worldwide. Ricardo Quirola, general manager of the postal service, said that the idea is to “not only allow to survive, but to be a great support for migrants and the...
Posted On 17 Jul 2015
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5 proposals for purchase of 180 thousand barrels of local naphtha 

A cargo of 180 thousand barrels of naphtha (gasoline blending component) of low octane bidded by the public company Petroecuador in an international tender where it had five strong proposals. Lukoil PanAmericas LLC offered to pay one dollar and five cents over the price of each...
Posted On 17 Jul 2015
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Guilds are preparing to protest against the government

Various groups are meeting Friday to discuss their rejection around different decisions of the government of President Rafael Correa. In some populations of the Amazon region the Association of Autonomous Governments of the Amazon Region (Conga) would protest, announced the...
Posted On 17 Jul 2015
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Lear about the drawback for exporters

The Automatic tax refund system (drawback) benefits exporters because it has the resources obtained by safeguards. According to President Rafael Correa, this will have an annual cost of $ 256 million, an amount obtained by safeguards from its entry into force from March of this...
Posted On 17 Jul 2015
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These are the three largest banana exporters Ecuador

Dole remains as the largest private export. Truisfruit (of businessman Alvaro Noboa) is in second place and Reybanpac in third place. During the first five months of the year, Ecuador sold to the international market 138.4 million boxes of bananas, 8.07% more than the same period...
Posted On 17 Jul 2015
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Chevron submits final appeal before the Constitutional Court of Ecuador

Chevron requested last Thursday before the Constitutional Court of Ecuador the annulment of the proceedings against it by pollution and the order to pay 9,500 million dollars, claiming that the legal process is a product of corruption. “Before the procedural, deep, massive...
Posted On 17 Jul 2015
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