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Ecuadornews: Use less cash. That is the objective of reducing the costs of electronic transactions that will be announced these days through a resolution of the Monetary and Financial Policy and Regulation Board. The executive president of the Association of Private Banks of...

Ecuadornews: In 2018, the Ecuadorian Institute of Social Security (IESS) spent USD 732.2 million in the payment of its payroll, which reached 38 154 employees last December. If the benefits of the law are added to this value, the expenditure amounted to USD 980 million. The...

Ecuadornews: With the aim of boosting tourism, this year will operate six more airlines in the country, the Ministry of Tourism said in a statement. These are the airlines Air-France, JetBlue, Latam (Chile), Peruvian, Plus Ultra and Viva Air, whose weekly frequencies will be from...

Ecuadornews: The Foreign Currency Exit Tax (ISD) will not be charged to companies that sign agreements with Ecuador within the Open Skies policy. In 2018 tourism generated $ 2,392 million. It was the third source of non-oil income in the country, after bananas and shrimp. One of...

Ecuadornews: Segmenting the electorate and delineating a digital strategy based on data is what the candidates look for, based on the possibilities that the surveys show. From the “war room” the candidates for local dignities and team of advisors-foreigners in certain...

Ecuadornews: The storage area of ​​the Mariscal Sucre airport was extended 1,000 meters to cover the demand of the exporters. The sector aims to sell 18,000 tons this season. The best time of the year for the Ecuadorian flower industry is this. The exporters expect that in this...

Ecuadornews: There are two areas where the tuna has an enormous economic and social weight: the Posorja parish of Guayaquil and Manta (Manabí). Those two populations will be the most affected if there is a migration to Peru or Panama, which is offered with lower costs to flag the...

Ecuadornews: A part of the exportable cargo that leaves Guayaquil goes by ‘feeder’ vessels to Buenaventura (Colombia) and Callao (Peru). These ships, which are small in front of the mega-ships that arrive at those ports, serve as transshipment. Upon arrival at the...

Ecuadornews: “On Valentine’s Day each rose can mean someone’s experience, someone’s statement, and someone’s marriage. Let’s say that these warehouses are going to spend 500 million different experiences.” This is how the logistic process of...

Ecuadornews: Maintaining the State is expensive. The alternative of concessioning public companies and other entities arises, in part, from the expenses that were inherited from the government of former President Rafael Correa. Companies such as CNT and electricity companies...