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Ecuador’s new economic measures were set (2019)

The dreaded rise in VAT was a scare. At least for now. It is one of the first clarifications made by President Lenin Moreno in his national chain last night. “Listen to me well: we will not raise VAT! It will remain at the current level of 12%, ”said the president before listing...
Posted On 02 Oct 2019
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Assembly receives proposal for early confiscation of assets due to corruption

Iván Granda, head of the Anti-Corruption Secretariat, delivered on Tuesday, October 1, 2019, the proposed Domain Extinction Law to César Litardo, president of the National Assembly. This activity is part of the work carried out at the Democratic Table of the 2030 National...
Posted On 02 Oct 2019
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Ecuador decides to leave OPEC on January 2020

The Ministry of Energy announced today, October 1, 2019, that the country decided to cease belonging to the Organization of Petroleum Exporting Countries (OPEC) since January 1, 2020. The decision lies in the internal issues and challenges that the country must assume, related to...
Posted On 02 Oct 2019
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A Peruvian company invests in the Ecuador’s Plastic Industry

The stability of Peru, which has led to sustained economic growth over two decades, must be read beyond macroeconomic figures and its position in the global agribusiness. You have to see it for the expansion of its companies, many of them from Latin America. In the third quarter...
Posted On 02 Oct 2019
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Ecuador’s economy grew 0.3% in the last three months

Ecuador’s economy, which faces problems that have led to foreign debt, grew by 0.3% in the second quarter of 2019 compared to the same period of 2018, the Central Bank (ECB) reported. “Regarding the first quarter of this year, the growth was 0.4%. With these results, the...
Posted On 02 Oct 2019
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