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Ecuadornews: The first on the list. Ecuador is the country that spends the most in public purchases among 21 nations of Latin America and the Caribbean, according to a study published yesterday by the Inter-American Development Bank (IDB). According to the research ‘Better...

Ecuadornews: The pension fund, managed by the Bank of IESS (Biess), reached $ 7,298 million in June 2018. The amount of the fund has been falling since December 2015 when it was $ 9,032 million. One of the reasons for this behavior has been the elimination of the contribution of...

Ecuadornews: An e-mail that circulated in mid-2011 could alter the relative tranquility of Tomislav Topic, director of Telconet, and Ricardo Rivera, uncle of Vice President Jorge Glas. The last two, sentenced to six years in prison for illicit association in the Odebrecht case....

Ecuadornews: The mixed economy company Refinería del Pacífico and the liquidation of the company Operaciones Río Napo are two issues that are in conflict with the Ecuadorian company Petróleos de Venezuela S.A. (PDVSA). The Minister of Energy and Non-Renewable Natural Resources,...

Ecuadornews: Analysts agree that the decisions taken by the government point to the right direction, but its effects will be minimal without complementary measures. Do more with fewer resources. Under this premise, the government carries out austerity measures in public spending...

Ecuadornews: While the fresh flower is still the flagship product of the Ecuadorian flower industry, the farms also develop new varieties and innovative products that are demanded in new markets, such as Chinese. The novelties were presented at Expo Flor 2018, which was held...

Ecuadornews: The elimination of the Special Consumption Tax for gas stoves reduced its prices and reactivated the demand. The incentive, which has been in force since September 1, is part of the Productive Development Law. The tax was 100% since 2014 and sought to encourage the...

Ecuadornews: Much has been talked about in the last few days of traffic accidents and the number of deaths and injuries that have left them and the drama that many families go through because they do not have the means to pay for funeral expenses or for the healing of their...

Ecuadornews: A study by the IDB reveals that the inoperability in public purchases, services and transfers cost the region $ 220,000 million a year; that would have served to eliminate extreme poverty. The global financial crisis unleashed in 2008 increased the prices of raw...

Ecuadornews: Does a light appear at the end of the tunnel? In recent days, the situation of the so-called emerging countries, such as Argentina and Turkey, seems to improve and this effect is also felt in Ecuador. In recent months, the currency crises in Argentina and Turkey,...