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Industrialists meet today for possible tax adjustment

  Increased taxes on sugary and alcoholic drinks and cigarettes, announced by the government, prompted an urgent meeting today of representatives of the sectors involved to discuss the scope of the government’s proposal. Christian Wahli, president of the National...
Posted On 21 Mar 2016
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“Shampoos, a market of 100 million dollars”

Daily Expreso toured Guayaquil neighborhood stores, verifying in this way the increasing sales of shampoo sachets. The sachets of shampoo are very important in the Ecuadorian market. They represent about 30% of domestic consumption and clearly respond to the economic situation in...
Posted On 21 Mar 2016
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The City Hall celebrated the women´s month with a tribute to outstanding women of Guayaquil

  As part of the events that have taken place throughout March for the ‘Women’s Month,’ the Guayaquil´s City Hall held a ceremony dedicated to the most important females in different professional areas of the city. The City Hall was the venue chosen so that...
Posted On 21 Mar 2016
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Seized alkaloids arrive to Esmeraldas

  25 fuel canisters and packages with 1.25 tons of the alleged drug seized in two boats, detected 50 miles off the coast of Esmeraldas, were transferred to the capital of the province, according to a statement from the National Directorate of Aquatic Spaces ( Dirnea). During...
Posted On 21 Mar 2016
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Public debt closed at $ 33.247 million in January 2016

  From the closure of 2015 to the first month of this year, domestic debt increased by $ 330 million. Ecuador’s total public debt stood at $ 33,247,000 until January this year. Of this amount, $ 20,370 million correspond to foreign debt and $ 12,876 million to domestic...
Posted On 21 Mar 2016
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Insurance companies in Ecuador have 18 months to meet standards

  Once the deadline for insurance companies to comply with the requirements of the Monetary and Financial Code expired in March 12, the national mayor of Insurance, Andres Martinez, confirmed that the authorities decided to renew it for 18 months. “The deadline has...
Posted On 21 Mar 2016
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Opposition announces further action for May 1st

  On Thursday March 17th, several social sectors and opposition groups led a demonstration against government policies. The leaders pointed out that this will not be the only one mobilization, so they informed they will also take to the streets on May 1st. According to...
Posted On 21 Mar 2016
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The economic slowdown was felt in private banking in 2015

    The private banking system closed 2015 with a decrease in deposits, which led to favor liquidity and lend less money than in the previous two years. This in turn had a direct effect on bank profits. Savings deposits (demand) fell by 13.8% between 2014 and 2015,...
Posted On 21 Mar 2016
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The State ‘owes 72 million to the Municipality’

  Councillor Eduardo del Pozo, a member of the Budget Commission of the Municipality of Quito, based on information provided by the general manager of the City Council, quantifies a state debt to the municipality of 72 million dollars, approximately. Through the official...
Posted On 21 Mar 2016
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Termination of contracts was the most used figure in layoffs

  Rosana M., a consultant for several years, lost her job last December 31. The private company in which she worked and that provided services to the state, could not continue with its projects because of the state arrears and terminated her contract. She, who asked to not...
Posted On 21 Mar 2016
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