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Ecuadornews: PayPhone, a private company that created a tool to make mobile payments and other transactions with the cell phone number was established in Cuenca two years ago; To date 5,000 stores have been affiliated nationwide. The executive president of this company Carlos...

Ecuadornews:     The crisis in the construction sector, which has lasted for seven consecutive quarters so far, has impacted several related activities as well. On Friday, June 30, 2017, the Central Bank of Ecuador (ECB) presented the figures of the first quarter of...

Ecuadornews:     Ecuador’s domestic debt increased from $ 3,094.4 million in April to $ 6,631.5 million in May 2017. This is a difference of $ 3,537.1 million in a single month. However, during this period there was a significant amortization (payment of capital),...

Ecuadornews:     The mothers of 41 children who had been sexually assaulted by a teacher at the Academia Aeronáutica Mayor Pedro Traversari (Aampetra) yesterday shed tears once more during the public offering of apologies by the authorities of that school. They cried...

Ecuadornews:     Two former deans from Yachay University dismissed days ago by President Carlos Castillo, ask to talk to the Secretary of Higher Education, Science, and Technology (Senescyt) Augusto Barrera. On June 20, as part of a process of “optimization and...

Ecuadornews:     Through a statement, the Norwegian company Skretting announced yesterday it has launched plans to build a new state-of-the-art shrimp feed plant in Ecuador. The company said that the infrastructure will be built in “carefully planned” phases...

Ecuadornews:     With the arrival of new government authorities, the pharmaceutical industries expect a better scenario. After vehicles, drug imports are the second headache of the trade balance deficit ($ 1 billion annually). Faced to this, the sector proposes to the...

Ecuadornews:     The price of Texas Intermediate oil (WTI) rose 2.24% yesterday and barrel closed at 47.07 dollars, a good start in the semester and the eighth consecutive rise. At the end of trading on the New York Mercantile Exchange (Nymex), WTI future contracts for...

Ecuadornews:     If the Ecuadorian economy requires more dollars, foreign investment is still not a solution. At least, it was not in the first quarter of the year, when the country received 175.8 million dollars, 12 million less than a year ago and 8 million less than...

Ecuadornews:     The questioning to former comptroller Carlos Pólit, that ended with his censorship, would define the path that should be followed by the request for impeachment backed by 59 signatures, a week ago, against the Vice President Jorge Glas. This is the...