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The rise in oil also makes lubricants more expensive

Ecuadornews: The constant rise in oil prices that feed the fiscal accounts of the country also has its negative effect. Not only does importing fuels become more expensive, the cost of producing other derivatives such as lubricants and additives for cars has also become more...
Posted On 03 Oct 2018
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Remittances grew 9.8% in the second quarter of 2018

Ecuadornews: The United States, Spain and Italy are the main countries from where resources enter Ecuador. Shipments abroad also increased by 18.7%. Between April and June of this year, $ 767.31 million entered the country as remittances, according to the Central Bank of Ecuador....
Posted On 02 Oct 2018
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Jorge Glas, in jail and with a life pension of 4,000 dollars

Ecuadornews: The @JorgeGlasLibre account reads a fixed tweet that, on the occasion of his 49th birthday, says: “@JorgeGlas the man of the mega projects, Jorge Glas the man of the change of the productive matrix, Jorge Glas the man of the hydroelectric plants. ..” That same...
Posted On 02 Oct 2018
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Ecuador has paid 2 313 million for awards

Ecuadornews: The 31 legal processes that Ecuador has faced in international courts, in the last 13 years have generated a negative balance. According to information from the Attorney General’s Office (PGE), Ecuador has paid USD 2 313.1 million for awards issued by arbitral...
Posted On 02 Oct 2018
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CFN raised more than $ 3.7 million in property auction

Ecuadornews: Goods such as tourist complexes, land and boxes at the George Capwell stadium, Club Sport Emelec (CSE), were auctioned by the National Financial Corporation (CFN acronym in spanish), which achieved a collection of more than $ 3.7 million. 17 bidders arrived at the...
Posted On 02 Oct 2018
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The stock market raises small companies incursion

Ecuadornews: This year marks a milestone for the stock market. Last September, the Superintendence of Companies authorized the first operation within the Special Securities Segment, that space that since 2016 is available for small and medium-sized enterprises (SMEs) to find...
Posted On 02 Oct 2018
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Agriculture and oil, with falls in the second quarter of 2018

Ecuadornews: Ten of the 18 economic activities described in the National Accounts of the Central Bank of Ecuador recorded inter-annual decreases in the second quarter of this year, comparing them with the same period of the previous one. Agriculture, oil and mining continue to...
Posted On 02 Oct 2018
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The State injects millions into public companies

Ecuadornews: The work of public companies is in the sights of the control authorities. The National Assembly and the Comptroller General of the State review the financial and administrative statements of the 21 state entities. Until June, for example, the Comptroller General made...
Posted On 02 Oct 2018
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“Schlumberger offers investments to Ecuador”

Ecuadornews: “New investments” had committed the oil company Schlumberger to Ecuador, after a meeting between Carlos Sarmiento, manager of the transnational company, and President Lenin Moreno, during his visit to the United States. In a bulletin of the Secretariat of...
Posted On 01 Oct 2018
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Planta de café en Montecristi paró producción

Manta – Altos costos en la producción y poco grano en el mercado local llevaron a El Café a dejar de producir café atomizado en Montecristi. Esto no significa que la empresa cerrará, dice su gerente Bernardo Arosemena, aunque augura más problemas si el Estado no toma...
Posted On 01 Oct 2018
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