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  How does it currently work? After 25 years at the same company, the employee is entitled to receive a pension provided by the employer. The monthly minimum is $ 20 (if he receives a pension from the Social Security) and $ 30 if he doesn´t receive his pension. Section 216...

For the second consecutive quarter, the economy of the country has a negative balance, -0.3% after a -0.5% in the first quarter. An indicator that, according to international organizations, financial institutions and financial theories, is a “technical recession.” The...

  The absence of a representative of the private sector in the Inter-Agency Committee and the inclusion of a provision that ratifies the payment of the 2 per thousand on total assets tax, are the objections so far the business sector has on the draft Law on Public-Private...

In an interview with Expreso Daily, Fidel Márquez, Rector of the Ecotec University University, spoke about the refusal of the Government to call recession negative growth of the Ecuadorian economy registered during the first semester of the current year. Marquez claims that the...

Figures for the first eight months of the year represent 16 million additional boxes. Figures from the Association of Banana Exporters (AEBEfor its Spanish acronym) indicate that despite the 214.8 million boxes sold between January and August this year, the last month registers...

The figures for commercial sales in the country show that due to lack of money people have to buy less, or deprive from purchasing what is not important to have. For three months straight the results of the change in value of sales have been negative, according to the monthly...

Out of 100 adequate jobs, 76 are generated by the private sector noted Richard Martinez, president of the National Federation of Chambers of Industry of Ecuador, at the opening of the XII Industrial Congress of Ecuador ‘Consolidating sustainable enterprises.’  ...

The National Federation of Industries of Ecuador delivered yesterday to the Minister of Industries, Eduardo Egas, a proposal for the development of sustainable enterprises in the country. Suggestions to boost from the public and private sector local production, investments, a...

Yesterday the government and the Chinese embassy announced the construction of the Government Financial Platform (complex of buildings for the public sector), which will cost $ 197.9 million. The mega-project, whose construction began in September 2015, will be completed in...

In the first half of the year, the amount of money coming into the country from abroad fell to $ 105.3 million compared to the same period of 2014, a drop equivalent to 9%, according to data from the Central Bank of Ecuador (BCE for its Spanish acronym).  Additionally, the output...