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SRI expects to collect $ 21 million from the collection of VAT on digital services

The collection of VAT applied to imported digital services already has its projection. The Internal Revenue Service (SRI) estimates it will raise about $ 5 million in these remaining months of 2020. SRI expects to collect $ 21 million from the collection of VAT on digital...
Posted On 02 Sep 2020
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Ecuador’s country risk drops 643 points and S&P improves the bond rating

Due to the new agreement with the International Monetary Fund (IMF) and the progress in the process of renegotiating the external debt in bonds, Ecuador’s country risk was reduced this September 1 by 643 points . In this way, the index fell from 2,813 to 2,170 points in a...
Posted On 02 Sep 2020
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Russia is consolidated as the second best destination for Ecuadorian bananas

Banana exports to Russia experienced a growth of 2.39% from January to July of this year compared to the same period in 2019, according to figures from the Banana Marketing and Export Association (Acorbanec). Russia is consolidated as the second best destination for Ecuadorian...
Posted On 02 Sep 2020
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13% of tourism businesses closed in Quito

What used to be an internationally renowned café, restaurant and gallery, today is a pile of cardboard boxes and disassembled furniture , ready to be loaded onto a moving truck. 13% of tourism businesses closed in Quito “It is the work of 15 years, which unfortunately we...
Posted On 31 Aug 2020
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Between March and June, floriculture losses reached $ 130 million

The export of Ecuadorian flowers was trying to recover after a series of protests that paralyzed Ecuador in October 2019 when the new coronavirus pandemic hit the country. The situation caused the cancellation of 60% of the orders and an uncertainty from which it is still not...
Posted On 31 Aug 2020
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In September legalization of banana farms begins

The change of date for the installation of the banana price negotiation table from December to October, the elimination of the trademark registration paperwork, the verification of the quality of the fruit in the packing plants and the start of a plantation legalization process...
Posted On 31 Aug 2020
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Petroamazonas will invest $ 5.13 million in Amazonian and coastal communities

An approximate amount of $ 5.13 million will be allocated by the Petroamazonas company in the remainder of the year, for the execution of 27 infrastructure works , through the   Community Relations Program . Petroamazonas will invest $ 5.13 million in Amazonian and coastal...
Posted On 29 Aug 2020
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Associations of craft brewers, shopkeepers, bars and restaurants ask to reactivate the economy

The Association of Craft Brewers of Ecuador, the Ecuadorian Network of Shopkeepers, the Association of Bars, Restaurants and Tourist Entertainment of the Historic Center of Cuenca and the Pichincha Restaurant Association (Agrepi), in a press conference, ask for a commitment to a...
Posted On 29 Aug 2020
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Reforms promote free and online homologation of cell phones

The Telecommunications Regulation and Control Agency (Arcotel) will begin public hearings on September 4 to receive observations and comments on the draft amendments to the Regulation for homologation and certification of telecommunications terminal equipment . Reforms promote...
Posted On 26 Aug 2020
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Bank ok America, due to the pandemic, reconfigured the valuation of Banco del Pacífico

The COVID-19 pandemic and the impact on financial markets worldwide changed the outlook that the National Finance Corporation (CFN) , the largest shareholder of Banco del Pacífico , analyzed within the framework of its assessment until last February. Bank ok America, due to the...
Posted On 26 Aug 2020
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