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A motivated dairy sector

  EcuadorNews:   The livestock sector has lived lean times, are they getting better? The Government says yes. The Deputy Minister of Livestock of the Ministry of Agriculture Santiago Torres says that the sector has improved its production and growth times come near. The...
Posted On 23 May 2017
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Ecuador aims to attract 2.9 million tourists by 2025

EcuadorNews: A high goal, the Government expects the influx of about 2.9 million tourists in Ecuador. But hotelier and former president of the Salinas Chamber of Tourism Otón Arboleda said that in order to achieve that goal it is necessary to make an inventory of the products the...
Posted On 23 May 2017
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Public debt increased by $ 26,978.9 million during the government of Rafael Correa

EcuadorNews: In ten years of government, public debt balance increased by $ 26,978.9 million from $ 13,482 million in December 2006 to $ 40,461.2 million in March 2017 (last report of the Ministry of Finance). When comparing these figures with the Gross Domestic Product (GDP) it...
Posted On 23 May 2017
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Correa reforms the Law of Communication to set new rules for the promotion of national music

The schedules for the broadcast of Ecuadorian music in the radios of the country will no longer be discretionary, as well as the year of production of the music themes. Monday outgoing President Rafael Correa signed Decree 1427, two days before the inauguration of the new...
Posted On 23 May 2017
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Control of imports and a low export supply

EcuadorNews: Import restrictions and a little openness to develop new markets characterized the Government’s trade policy over the past 10 years. The ideology marked the management of this sector of the economy. The first Good Living plans included two premises:...
Posted On 23 May 2017
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The increase in public spending was financed with indebtedness

EcuadorNews: Higher tax revenues, the renegotiation of the foreign debt and more public investment were the three main points the government of outgoing President Rafael Correa outlined in the fiscal area, according to the National Plan for Good Living. Although the Treasury...
Posted On 23 May 2017
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A tax reform that raises expectations

  EcuadorNews: The announcement of a new change raises a number of suggestions from the opposition and entrepreneurs. They just ask it to be a positive tax change. This is an opportunity that can not be wasted, say entrepreneurs. They expect that the new president fulfills...
Posted On 23 May 2017
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Petroecuador is the largest state contractor since 2013

EcuadorNews: The oil company awarded contracts for $ 2.168 billion in three years. Petroecuador leads the national ranking of the largest public contractors. The oil company, involved in corruption scandals for contracts, has occupied this position since 2013, for the millionaire...
Posted On 23 May 2017
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Illiquidity reduces the power of large corporations     

  EcuadorNews: They say that past times were better. And this is true for the group of companies that once were among the top ten of profitable businesses. The “top” 10 still can not surpass that wonderful figure of $ 1,396 million reached in 2013. Data from the...
Posted On 23 May 2017
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Jaime Nebot rejects the presence of Nicolás Maduro

EcuadorNews: The presence of Venezuelan President Nicolás Maduro in the presidential inauguration of Lenin Moreno was not confirmed until last night, but the mayor of Guayaquil Jaime Nebot said Monday afternoon: “Most Ecuadorians reject his presence here.” Nebot said...
Posted On 23 May 2017
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