Commercial activity will drop by 3% in 2016

Trade is preparing to face an economic crisis that will will be felt more by cash registers and the pockets of buyers in 2016. “Forecasts show that in early 2016 the economy will reach the lowest point of the economic cycle,” told to daily Expreso the president of the...
Posted On 31 Dec 2015
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‘Care for and defend the family,’the message of father Piechestein for 2016

Father Cesar Piechestein, spokesman of the Diocese of Guayaquil, recalled that during the visit of Pope Francisco to Ecuador he talked about the joy of the gospel, and that’s what he left us with his presence in the country: a great joy, a renewed faith, an even greater joy...
Posted On 31 Dec 2015
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Without unity of the opposition, its leaders will have played as bishops of the Government of Correa, says Negrete

  Political analyst Alfredo Negrete, referring to the presidential elections of 2017 in Ecuador, said in an interview with Ecuavisa that our country, unlike Venezuela, where the opposition united to defeat Chavism in the last legislative elections, does not have the same...
Posted On 31 Dec 2015
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More than $ 45 million in seized assets leave 100 links

  With the arrest held yesterday morning in Manta, in the Manabi province, of an alleged member of the Russian mafia, Vadim P., the Interior Ministry complied with the 100 operations link that proposed in 2015. Police investigations point Vadim P. as the alleged leader of a...
Posted On 31 Dec 2015
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Deposits and loans dropped in 2015

  Banking is one of the sectors that have felt the effects of the downturn in the economy. This has been noticed in the evolution of deposits and credit delivery, according to Julio Jose Prado, president of the Association of Private Banks. Banking is one of the sectors that...
Posted On 31 Dec 2015
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The year ends with changes in institutions

  At the end of 2015, President Rafael Correa changed the name of two public banks, closed an agency and created a new one. With the decree 867 issued yesterday, the State Bank will be called hereinafter Development Bank of Ecuador BP, and will promote pre-investment...
Posted On 31 Dec 2015
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Two public banks undergo a reengineering process

  The government wants to close the year with the total restructuring of public banks. The Financial Corporation and the State Bank underwent a reengineering process yesterday. Through a Executive Decree, the two institutions began their transformation. The State Bank, for...
Posted On 31 Dec 2015
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Guayaquil imposes its brand to dismiss 2015

  The main port is experiencing one of the greatest commercial and festive times: the transition from the old year to the new year. The celebration is echoed by the “get your puppet, man” shout, heard on dozens of sections and, above all, in 17 blocks up the 6 de...
Posted On 31 Dec 2015
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Biess will invest $ 120 million more in papers after reform

The Board of Monetary Regulation and Financial Policy authorized the Bank of the Ecuadorian Institute of Social Security (Biess) to disburse $ 120 million more to purchase debt securities issued by the Ministry of Finance. This was done last December 11 after receiving the...
Posted On 31 Dec 2015
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