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French Prime Minister Manuel Vallswill visit Colombia and Ecuador over the next 24 and 27 June on a journey of strong economic content and in which he will defend France’s commitment to sustainable development and green growth. He will come to Ecuador in the second part of...

The German shipping company Hamburg Sud, founded in 1871, which operates in Ecuador since 1970, will also do it now from Puerto Bolivar to Hamburg. Every Wednesday it will dock 1,100 containers of “banana and mashed bananas for the international market”. Minister of...

Falling oil prices strongly affect the State accounts. The latest report of the Central the Bank evidences losses by 2,096 million dollars. Ecuador’s total exports reached 6.423 million dollars between January and April this year; 24.6% less to what was sold in the same...

Ecuador will have its first cogeneration power plant that needs 1200 tons of organic and inorganic waste to generate 30 megawatts of electricity daily. The project is aimed to be built within 20 months in Quininde, province of Esmeraldas, in the Ecuadorian Coastal Region, for...

Texas Intermediate oil (WTI) fell yesterday to $ 59.52 a barrel, in a further decline (0.73%) from the maximum annual recorded last Wednesday in the New York Mercantile Exchange (N ymex). While in the London market, a barrel of Brent crude closed at $ 62.61, ie 2.01% less than...

Taxi drivers of Quito prepare to welcome tourists who will come to the city for events such as the visit of Pope Francis. A group of 19 drivers, members of the Julio Jaramillo cooperative, were part of the first class of taxi drivers. This was a pilot phase, called ‘Driver...

Migrants residing in Europe transferred to their home countries in 2014 about 109,400 million dollars, according to a report by the International Fund for Agricultural Development (IFAD). “We must ensure that the hard-earned money can be transferred at the lowest price, but...

The capital gains tax has always existed. A few years ago the percentage was 42%. Governments lowered that percentage to 10% and gave municipalities the power to change it. Now with the new measure to the capital gain, the Government intends to charge a 75% tax on...

Through a circular letter, the Superintendency of Banks allows insurance companies to receive as counterguarantees from their customers, those of personal type (promissory notes or bills of exchange), provided that the insured amount does not exceed $ 500,000. A few days ago it...

Texas Intermediate oil (WTI) fell a 1.07% yesterday, to $ 60.77 a barrel. On Wednesday, the WTI, benchmark crude in the United States, closed with an advance of 2.14% to $ 61.43 a barrel, the annual maximum recorded so far. Yesterday the price gained a 3.44%. Meanwhile, gasoline...