Day

    To accumulate savings that will serve as a lender of last resort. Since there is no central bank that prints the banknotes in case financial institutions experience financial troubles, then it is up to the institutions themselves to save, so in case of a liquidity...

    Major European and Asian stock markets reached their lowest level in more than two years, despite persistent concerns on the impact of sustained low interest rates on banks. The financial sector faces many problems: low benefits, a decelerated world economy and...

  The announcement that Ecuadorian labor will be contracted to build the new IESS hospital captivates dozens of workers, who carrying personal documents and labor certifications, wake up early and go to the grounds of Social Security in Los Ceibos to secure a job. “We...

  Deposits collected by private banks in January reverted nine months of consecutive falls. When 2015 ended, the “obligations with the public” account amounted to 24.414 million dollars, but the following month, in January, it increased to 24.666 million, a...

  The Ecuadorian Business Committee, which brings together 50 trade unions of industry, commerce, telecommunications, banking and other sectors, will draw up a list of investments to take advantage of the Law on Public-Private Partnerships (APP). Its president Richard...

  The budget of the 2017 elections is not yet defined, but there is talk of $ 136 million, ie, $ 2 million less than 2014 elections, in which projects such as the vote at home and e-voting were implemented. The CNE estimates that in 2017 there will be 13 million voters,...

  The state owes USD 260 million to the military insurance (ISSFA) for monthly contributions. But last week, that amount was reduced, since the government ordered the deduction of $ 41 million for the excess payment made by the Ministry of Environment to the ISSFA after...

  Two contracts signed by the Provincial Government of Guayas during the term of Rolando Panchana, as part of the Preventive Revolution Against Drugs program received comments from the Comptroller´s office. These are contracts of October and November 2014, related to events...

  Flexibility is the in vogue term within productive sectors, the labor area will adopt it once the Assembly approves the bill promoted by President Rafael Correa in order to ensure employment for Ecuadorians.   But employers require an integral flexibilization that covers...

  Tax collection in Ecuador grew by 160% in the period 2007-2015, from US $ 5 361.8 million to 13 950 million. This increase is explained by an increase in rates, the creation of taxes and modifications to existing taxes. Currently, Ecuadorians pay 30 taxes to the Internal...