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  Ecuadornews:   A country can not depend only on raw materials, in the case of Chile, copper, and in the case of Ecuador, oil. The conclusion is not new but it is for the sectors that must take responsibility to generate more revenues for the countries, one of them is...

Ecuadornews: As of June 2017, the Internal Revenue Service (IRS) will return two and not four value-added tax (VAT) points on purchases made with electronic money. This means that taxpayers who use this means of payment will end up paying a 10% VAT instead of 12%, which is the...

Ecuadornews: The Superintendency of Communication (Supercom) dismissed the complaint against the government newspaper El Telegrafo, for the alleged media lynching against the former presidential hopeful Guillermo Lasso, filed by Pamela Guerrero and Paolo Vega, of the Federation...

Ecuadornews: In 2016 Ecuador exported notebooks to Bolivia, passion fruit purée to London and chocolate to Japan. These are three of the 223 cases in which Ecuadorian exporters managed to do business abroad with the support of the Institute for Promotion of Exports and...

Ecuadornews: In the 1980s and 1990s, if a bank had the most modern facilities it was a good sign of status and economic growth, things have changed now. Today, those who aspire to have a good bank no longer think about having better facilities, but having a better connectivity...

Ecuadornews: Ecuador is a major cocoa producer; and today is internationally recognized as the country that provides 60% of the world’s fine or flavor cocoa supply, due to its unique flavor and aroma attributes. Around 105,000 families make this activity the basis of their...

Ecuadornews:   The budget for its promotion is 7.9 million, while there are only 8.6 million in its backing account. The 7.9 million dollars were allocated by the Government to promote electronic money from 2015 to December this year, according to information from the Central...

Ecuadornews:     The global cyber attack perpetrated last week also affected people and companies in Ecuador. The first reports submitted yesterday (May 16, 2017) by three cyber security companies said that about 15 000 people and 27 companies were threatened and affected by...

Ecuadornews:   President Rafael Correa said Tuesday that water filtrations recorded at the Financial Platform in Quito (to be inaugurated next Monday), due to heavy rains, “are things that normally happen in new constructions” and said that the flood in the ground...

Ecuadornews:   The Ministry of Foreign Trade and the Association of Banana Exporters of Ecuador signed an agreement for the development and implementation of the sectoral brand ‘Banano del Ecuador.’ The country annually produces about 7.5 million metric tons of fruit,...