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Ecuadornews: Several routes and few results in sight. The recovery of money diverted in cases of corruption or ‘lost’ due to administrative and contractual failures still does not land in concrete actions. The Comptroller’s Office, the Executive, the Assembly,...

Ecuadornews: Richard Francis: “The problem is not this year, but next year and 2020” From New York, Richard Francis, Director of Sovereign Debt in Latin America of Fitch Ratings, one of the three most important risk rating agencies in the world, spoke with EXPRESO by...

Ecuadornews: The urgency was ignored. The Government postponed the general shutdown of the Esmeraldas Refinery, despite the fact that its repairs are urgent, according to Petroecuador estimates. Since the beginning of the year, the general management of the state oil company...

Ecuadornews: In order to strengthen commercial, industrial, technological and financial alliances, the Minister of Industries and Productivity, Eva García, developed a work agenda in Seoul. García remained in the capital of South Korea between August 8 and 10. On her first day of...

Ecuadornews: As of 2019, rental goods and equipment will no longer represent a simple expense for companies. These will now become part of the assets that must be recorded in their financial statements, and as such, must also generate the payment of taxes. This is determined by...

Ecuadornews: The US financial corporation Fitch Group downgraded Ecuador’s long-term foreign currency issuer default (IDR) rating from B to B-. “The long-term reduction of the IDR in foreign currency to B- reflects evidence of greater fiscal financing restrictions...

Ecuadornews: Between January and July, 61,439 motor vehicles entered the port of Manta, 96% more than in the same period of 2017, when 31,276 arrived. These figures are in contrast with the arrival of cargo ships to Manta in 2016, where only 14,000 vehicles descended on this...

Ecuadornews: According to a survey by the US consultancy Deloitte, 91% of millennials (those born between 1982 and 1994) believe that technology will greatly benefit the way they work. But 51% say that the company in which they work is helping little to prepare for the so-called...

Ecuadornews: Around 2 and a half million taxpayers could benefit from the Productive Development Law that includes, among other issues, 100% remission of interest, fines and surcharges if the total capital is paid. The tax obligations that benefit from the referral are:...

Ecuadornews: Two million taxpayers can benefit from the Law of Productive Development. The entity will provide forms of payment online. Taxpayers who want to avail themselves of the remission of interest, fines and tax surcharges may do so once the Productive Development Law is...