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Ecuadornews: Reunited with more than a hundred Chinese businessmen and a score of Ecuadorians who attended the event, the President of the Republic, Lenin Moreno, opened on Tuesday in Beijing the Ecuador-China Business Forum. The trip undertaken by Moreno, who is accompanied by...

Ecuadornews: This year China was the fourth destination of Ecuadorian non-oil exports with $ 765 million, and the second in the Asian continent. Meanwhile, Chinese production and exports to Ecuador have also strengthened, for example, in the automotive sector, which grew 230% in...

Ecuadornews: The Ministry of Economy and Finance had to take out again the calculator to fix thenew items of the proforma that was delivered to the Assembly last Tuesday night. The main novelty is the downward revision of the price of a barrel of oil. The figure went from 58.29...

Ecuadornews: Affected by rumors of a financial rescue and fears of a slowdown in 2019, the Quito merchants receive Christmas with the fear of a “Grinch” that will turn off their main income season of the year. Although some establishments adorned their shop windows...

Ecuadornews: The Ministry of Economy and Finance reported on Monday that it sent to the National Assembly the budget pro forma for 2019, with 17 observations made by Parliament. There is considered a price of a barrel of oil at 50.05 dollars,compared to the $ 58.29 that were...

Ecuadornews: Ecuador’s state oil company Petroecuador signed on Monday a sale contract of some 3.9million barrels of Oriente crude to Peru’s Petroperú, which will be delivered between January and November of next year. The contract is the second that Quito subscribes...

Ecuadornews: The Electricity Corporation of Ecuador (Celec) transferred $ 40 million to the Bankof the Ecuadorian Institute of Social Security (Biess). The transaction was made on Thursday, December 6, as a result of the BIESS agreement with the Ministry of Electricity and...

Ecuadornews: Ad raft report from the Comptroller’s Office to the Ecuadorian Social Security Institute (IESS) determined discounts of $ 378,932.27 to 533 workers of that entity. According to the document, PAIS received $ 135,303.40. The rest was allocated to the Citizen...

Ecuadornews: President Lenin Moreno agreed to contract oil insurance to guarantee the price of oil,since “living with the uncertainty of price fluctuations is not convenient”. The subject is being analyzed by finance ministers, Richard Martinez, and Hydrocarbons,...

Ecuadornews: Few requirements and fast disbursement. Those were two of the reasons why Andrés C.decided to apply for a credit in a cooperative to buy a motorcycle. They lent him $ 5,000 with a guarantee of $ 200 and in a week. The facility to give credits is one of the reasons...