off

Gold, best guarantee for lenders

Ecuadornews: The authorities of the Central Bank of Ecuador again return to see the gold to get financing. Through an email, the entity confirmed to newspaper EXPRESO that this possibility is analyzed. The Central Bank of Ecuador said it has approached several international...
Posted On 23 Nov 2018
, By
off

Prosecutor’s office analyzes annual damage of $ 25 million in accident insurance

Ecuadornews: The Anticorruption and Road Justice Commission filed the complaint when it found that a supposed medical audit company was overbilling documents. That company apparently was made up of former public officials The Prosecutor’s Office analyzes a supposed...
Posted On 23 Nov 2018
, By
off

European Investment Bank signs two agreements with Ecuador for development

Ecuadornews: The vice president of the European Investment Bank (EIB) signedtoday with the president of Ecuador, Lenin Moreno, two agreements to promote a developmentplan for technical and technological institutes, the banking institution saidin a statement. “We want to...
Posted On 22 Nov 2018
, By
off

Subsidies cost the Government about $ 1,391 million, until September

Ecuadornews: The subsidies for gasoline (for super, extra and ecopais gasoline) have cost the Government -between January and September- $ 473 million. It is a figure that represents almost a third of the total fuel subsidies, which so far this yearreaches $ 1,391 million. This...
Posted On 22 Nov 2018
, By
off

The use of whey in dairy products divides the sector

Ecuadornews: While some producers and ranchers demand the elimination of the norms that suppor tthe use of the derivative of milk, the industrialists assure that the measure would give way to an informal market and to contraband. In front of the manifestations of several...
Posted On 22 Nov 2018
, By
off

The port of Posorja received $ 377 million for the first phase of the construction

Ecuadornews: The DP World Posorja deep water port received $ 377 million in financing from BID Invest, the private sector institution of the Inter-American Development Bank Group (IDB), for the construction, operation and maintenance of the first phase of the project. The...
Posted On 22 Nov 2018
, By
off

The Government will take action against the Coca Codo monitoring consortium

Ecuadornews: The Electric Corporation of Ecuador (Celec) announced that it will take legalaction against the inspection company of the Coca-Codo Sinclair HydroelectricPower Plant, for generating possible damages and losses to the State. After yesterday, Tuesday 20 November 2018,...
Posted On 21 Nov 2018
, By
off

The population grows faster than the economy

Ecuadornews: Theaverage annual growth of the Ecuadorian population is about 2%, according tofigures from the National Institute of Statistics and Census (INEC), usedyesterday by the consulting company PWC Ecuador to explain one of the reasonsfor the growth of unemployment in...
Posted On 21 Nov 2018
, By
off

The trade ‘on line’, the other key route to reach China

Ecuadornews: In the commercial relationship with China, Ecuador still has pending issues, such assigning a trade agreement or obtaining certain phytosanitary permits that allo wit to enter its products to that market; but while waiting, the country does not want to rest on its...
Posted On 21 Nov 2018
, By
off

NGOs allocate 24 million dollars for the development of Ecuador

Ecuadornews: Two US and one Swiss NGOs signed agreements with Ecuador to contribute some 24 million dollars in the next four years, the Ecuadorian Ministry of Foreign Affairs and Human Mobility said in a statement today. TheSwiss NGO, Terre des Hommes, will contribute $ 841,000...
Posted On 20 Nov 2018
, By