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The net profit of Ecopetrol grew by 180% in the first half of 2018

Ecuadornews: The net profit of the Colombian state company Ecopetrol was 6.1 billion pesos (about 2,024.5 million dollars) in the first half of 2018, which represents a 180% increase compared to the same period in 2017, when It was 2.1 trillion pesos (about 696.96 million...
Posted On 16 Aug 2018
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Employer retirement has new rules

Ecuadornews: President Lenin Moreno signed the regulations of the Organic Law for the Reactivation of the Economy, Strengthening Dollarization and Modernization of Financial Management. There it is indicated that the provision of employer retirement and eviction is not...
Posted On 16 Aug 2018
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Rafael Correa and former ministers, glossed by Cetes

Ecuadornews: Signs of criminal responsibility and civil and administrative predeterminations established by the Office of the Comptroller General of the State after the special examination carried out on the issuance, placement and payment of Treasury Certificates (Cetes), for...
Posted On 16 Aug 2018
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Ecuador negotiates investment for 727.85 million in four fields in the Amazon

Ecuadornews: The Government of Ecuador managed to attract an investment of 727.85 million dollars from private companies for the development of four oil extraction fields in the Amazon, state company Petroamazonas reported today. These contracts were established with the Mexican...
Posted On 16 Aug 2018
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The export of fruit and chocolate grew in the first half of 2018

Ecuadornews: In the first semester of 2018 Ecuadorian non-oil exports reached a total of $ 6,393 million, which represents a growth of 4.25% in relation to the same period of the previous year. “It is important to note that exports to the European Union grew by 2.08%,...
Posted On 16 Aug 2018
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China without walls for shrimp

Ecuadornews: During the first half of 2017, the Chinese market represented just 4% for Ecuador. A large part of the Ecuadorian shrimp went out in white boxes to Vietnam, from where the country with the largest world population was supplied. A year later, things have changed....
Posted On 15 Aug 2018
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Ecuador will invest more than $ 1,400 million in eight oil fields

Ecuadornews: The Ecuadorian Government plans a private investment of about $ 1,400 million for the next five years in several oil fields. This was estimated by Álex Galárraga, manager of Petroamazonas EP, and Patricio Larrea, vice minister of Hydrocarbons, within the framework of...
Posted On 15 Aug 2018
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New sector brand is available for sustainable industries

Ecuadornews: To reduce the emission of carbon dioxide of the planet and raise awareness in civil society about the importance of sustainable eco-industries, the Ministry of Foreign Trade and Investment developed the sector brand “Circular Economy of Ecuador”. The...
Posted On 15 Aug 2018
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Tax havens, on the route of Rafael Correa’s presidential aircraft

Ecuadornews: In the list of destinies of the presidential aircraft – the Legacy 600 and the Falcon 7X – tax havens and exotic places appear to which the ex-President Rafael Correa did not attend or that, at least, do not appear in the decrees of the official trips...
Posted On 14 Aug 2018
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The new distributors by application arrive in Ecuador

Ecuadornews: Order food or other products with a cell phone application. The battlefield is no longer just the transport of passengers. Now, the delivery to home or office is the new terrain in which technology companies seek to generate profits. The international firm Uber will...
Posted On 14 Aug 2018
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