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Ecuador requested authorization the OPEC to increase its crude production

Ecuadornews:          Ecuador asked OPEC (Organization of Petroleum Exporting Countries) authorization to increase its production of crude oil this year above the quota that corresponds to the measures adopted by the cartel to regulate...
Posted On 27 Feb 2019
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Campaña proposes reducing tax on the exit of currency in 4 years

Ecuadornews: The Ministry of Production, Foreign Trade, Investment and Fisheries (Mpceip) has a proposal to progressively reduce the tax on the exit of foreign currency (ISD) in four years. In an interview with this newspaper, the holder of this Portfolio, Pablo Campana, said...
Posted On 27 Feb 2019
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Ecuador grew in imports and exports in 2018

Ecuadornews: In 2018, Ecuador increased its imports and total exports by 16.2% ($ 22,121 million); and 13% ($ 21,606 million) respectively, as explained on Monday by the Minister of Production, Foreign Trade, Investment and Fisheries, Pablo Campana, during the rendering of...
Posted On 26 Feb 2019
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The Milk Industry does not believe that moratorium on whey solves the problem of the sector

Ecuadornews: The Center for the Milk Industries considers that short-term measures are not going to solve the structural problem of the dairy sector. This is stated in a statement released following the Ministerial Agreement that establishes the prohibition to market the whey in...
Posted On 26 Feb 2019
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Sugarcane growers seek legal exit from arrears

Ecuadornews: The government of Rafael Correa promoted massive sowing of sugarcane with the promise of buying all the biofuel production. The mills got into the business with large investments. Today, that painted paradise is corroded. Most of the sugarcane growers have seven...
Posted On 26 Feb 2019
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Minister of Production, Foreign Trade and Investment Pablo Campana investment

Ecuadornews: “I trust our country and I lead by example”, is one of the expressions that the Minister of Production, Foreign Trade and Investment, Pablo Campana, posted on his Twitter account on Sunday when he announced that in the next four years he will invest...
Posted On 25 Feb 2019
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The Government opens administrative processes to local shops

Ecuadornews: Buying a product in a store and having to change it because it does not work well or was not what the advertising promoted, becomes a via-crucis for the client. Very few places have an agile system to deal with complaints. In general, you have to go from department...
Posted On 25 Feb 2019
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Ecuador announces agency credits for 10 billion dollars

Ecuadornews: The president of Ecuador, Lenin Moreno, announced on Wednesday a series of credits for more than 10,000 million dollars from international funding agencies to support the Government’s Prosperity Plan. Moreno explained, in a televised message, that $ 6,000...
Posted On 21 Feb 2019
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Proyecto Mirador delivers $ 15 million in anticipated royalties

Ecuadornews: The Chinese company Ecuacorriente delivered $ 15 million to the Ecuadorian State for payment of anticipated royalties from the Mirador mining project. It is the third payment of that type, with a total of $ 85 million. In an event held yesterday in the canton of...
Posted On 20 Feb 2019
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Exports of industrialized goods increased during 2018

Ecuadornews: Ecuador exported USD 4 638 million in 2018 in industrialized products, which meant an increase of 7% in relation to 2017, according to data from the Central Bank. The countries of South America, Central America and the European Union were the main destinations for...
Posted On 19 Feb 2019
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