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Ecuador loses about $ 128 million a year by the flood of illegal alcohol on hangers. This deficit, in fact, is assumed by the state, which needs those resources for the health system.   Euromonitor International, a consulting firm dedicated to the study of the market behavior,...

Real estate projects up to $ 70,000 represent 60% of the offer that is on display since yesterday in the real estate fair Habitat, according to Ricardo Baquerizo Amador, CEO of Expoplaza, organizer of the event. This year, the exhibition, that will run until Sunday at the...

Ecuador’s private banks between August last year and the same month of 2015, lended a 6.82% more, equivalent to 1,174 additional million dollars, according to the report by the Superintendent of Banks. Deposits started falling since April as a result of the reduction in oil...

The controversy over the manipulation of greenhouse gas emissions that has shaken Volkswagen this week is far from Ecuador. Not only because it originated in the US but because in the country, the regulations governing emission limits were established in 1996 allow levels that...

The International Cocoa Organization ratified Ecuador’s position as the producer of a 75% of fine flavor cocoa, this was reported by Deputy Minister of Agriculture Luis Valverde, who attended the annual meeting of the international union, which took place in the Wembles,...

  The executive director of the Association of Private Banks of Ecuador (ABPE), Cesar Robalino, confirmed in an interview with El Universo that the banking situation ‘remains solid, solvent and with sufficient liquidity resources.”   Robalino noted that this...

The payment of a 1.2 per thousand tax on capitals of companies registered in Guayaquil generates a dispute between the University of Guayaquil and private companies. Since 1970 this tax was intended for the construction, equipment and maintenance of the University Hospital (now...

  In July this year, the public debt amounted to 32.624 million dollars. 32.6% of Gross Domestic Product (GDP). Ecuadorian law allows a margin of debt of 40%.  According to Finance Minister Fausto Herrera, the country still needs about 3,000 million dollars to cover the deficit...

Buying a pizza at home or paying for a taxi with a credit card will be possible as the Mobile Point of Sale spread. Behind this name is hidden something as simple as a card reader carried by the seller connected to his smart phone to extend his payment method beyond cash. A phone...

According to the latest public debt report submitted by the Ministry of Finance, in July, of  32.624 million dollars owed by the country, the 62% pays an interest of more than 5%. In dollars, commitments to that interest annual rate, total 20.278 million. A figure that worries...