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  The enactment of the General Code of Processes (Cogep for its Spanish acronym) which will completely come into effect in six months and which changes the application of the rule, from the written to the oral system, has brought back to classrooms administrators of justice:...

  In Ecuador, since 1993, five entire cycles of growth with an average duration of 40 months have been detected. However, the last cycle of growth “would have begun in March 2010 until June 2015, which would have had a duration 63 months.”   This was...

Public funding for 2016 will be $ 6,600 million ($ 5,858 million through fresh loans and $ 725 million by advance oil sales). Thus, credit will be the second source of revenue for state coffers after taxes ($ 15,400 million), but above crude sales. But that debt will be used to...

    The Finance Minister Fausto Herrera said that the compensation that has to be paid is no longer considered a contingent liability and passed to be a “passive.” During his appearance before the Commission on Economic Conditions of the Assembly, the...

  In an interview with El Comercio newspaper, the State Attorney General, Diego Garcia, speaks on the arbitration process of the Oxy case. He indicates that the arbitration process has cost about 0.8% of the proposed amount by Oxy, which was $ 3.370 million.   On the...

  The Doing Business report, published by the World Bank, ranked Ecuador 117th in the global ranking, while in 2014 the country was 18 positions below.   If only the twelve South American countries ssessed (excluding French Guyana) were taken into account, Ecuador would...

  Fedexpor CEO Felipe Rivadeneira recommends that the negotiations for trade agreements with Europe must be pragmatic and asked the highest authorities of the country to unblock this lack of approval from Colombia and Peru in order to authorize the accession of Ecuador to...

The general government budget for next year will only receive $ 673.5 million from oil (or non-permanent) revenues. This was announced yesterday by Finance Minister Fausto Herrera at a press conference to explain the Budget Pro forma that was sent over the weekend to the National...

  The Government foresees a reduction of subsidies by at least $ 457 million in the energy sector. In 2016 the fuel subsidy to the industry, shipping and aviation sector ($ 337 million) will no longer be paid, and $ 120 million more will not be paid for targeting the...

Life in Ecuador is more expensive, this is the citizen and business perception. But it is also what the figures of the World Bank reveal. Prices have risen in Ecuador more than double as in the United States almost every year for the past seven years. Only in 2011 and 2013 the...