Category

Esteban Albornoz, Minister of Electricity, said that electricity in Ecuador is the cheapest in the region.” “We are reviewing the subject, doing analysis and then we will present the results to President Rafael Correa.” He announced: “we are talking about...

The business sector estimates that its sales will fall between 1% and 2% this year compared with the previous, said Juan Carlos Diaz Granados, executive director of the Guayaquil Chamber of Commerce. $ 207.4 million on purchases will fail to enter, which is the equivalent, as an...

  About 600 people, including businessmen and representatives of investment banks and international investors confirmed their attendance to the Forum of Strategic Investments Ecuador 2015, to be held today in Quito.   In the event, the government will present to attendees about...

  For Ecuadorian banana producers losing the Russian, Eastern European and Chinesemarkerts, is losing the most important buyers the country has.   The crisis Russia is going through would be one of the main causes. “Russia will experience negative growth next year 2016 and...

Expectations for oil exploration in Yasuní have faded due to falling oil prices. The four-year program of the Ministry of Finance put its hope in the exploitation of the Tiputini and Tambococha blocks in the medium term. By 2017, the document states that the total production of...

  The collections have always had the Value Added Tax (VAT) as the protagonist. That additional 12% is paid on the price of all goods taxed -such as a soda, a refrigerator or even a car- something that last year meant the half (49.2%) of what the Internal Revenue Service...

The Internal Revenue Service (IRS for its Spanish acronym) announced yesterday that taxes generated by the Ecuadorian Simplified Tax Regime (RISE) will be paid with electronic money. This is the first initiative to pay taxes through this online mean. The SRI reported that the...

A six-page agreement clearly reflects the situation in the banana sector. Eleven signatures from the Roundtable, to which daily Expreso had access, endorse the reduction of the producer price of bananas to 10 cents. “With these requests (15) by a majority vote it is...

The Partnerships Law is not a gold coin for members of the ruling party. Criticism of the proposal, which raises partnerships between the public and private sectors, continued until the drafting of the report for the second debate. Yesterday, the differences caused did not allow...

Jaime Nebot, mayor of Guayaquil, and analyst Walter Spurrier do not understand the reason for the $ 3 value of the new Super gaswith a higher octane rating. Spurrier said yesterday that the with this new price for Super gas with a higher octane rating, the State would pass from a...