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The management of “electronic money” in the country

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...
Posted On 04 Jul 2017
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A 21-month stagnation for the construction sector

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...
Posted On 04 Jul 2017
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Domestic debt rose to $ 3,537.1 million in May, after the correction of figures

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),...
Posted On 04 Jul 2017
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The Academia Aeronáutica Mayor Pedro Traversari offered apologies to the victims of abuse

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...
Posted On 04 Jul 2017
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Former presidents want to ‘save’ Yachay

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...
Posted On 04 Jul 2017
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A new feed plant for the shrimp industry

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...
Posted On 04 Jul 2017
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The pharmaceutical sector seeks a greater market share

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...
Posted On 04 Jul 2017
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Oil prices rose by 2.24%

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...
Posted On 04 Jul 2017
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40% of the investment comes from tax havens

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...
Posted On 04 Jul 2017
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The political opposition believes that the trial against Carlos Pólit ‘opened the way’ to prosecution against Jorge Glas

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...
Posted On 04 Jul 2017
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