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  The reduction in liquidity, particularly by the fall in oil prices, is felt in the commercial sector of Guayaquil “la bahía.” Sales have fallen by 50% compared with the previous year, traders estimate. Luis Maldonado, president of the Retailers Association...

In the first six months of 2015 the Ecuadorian State funded 61 travels abroad of assembly members and hundreds of mobilizations within the country at a cost of $ 970 thousand per allowances, air tickets and subsistences for legislators to fulfill their tasks of dissemination,...

In June an agreement for anticipated sale of oil between EP Petroecuador and the state company PTT was signed, this was confirmed by the manager of International Trade of EP Petroecuador, Nielsen Arias. The details are posted on the website of EP Petroecuador. It is a contract...

The Association of Banana Exporters of Ecuador (AEBE), in a discussion panel with reporters, said that one of the main problems they face is the fee to be paid by importers in the European Union (EU) for each box of bananas, this while they await for the signing of the trade...

So far, around USD 715 508 in electronic money have been transacted; but of this amount, USD 33 035 have been recharges of clients and only USD 14 744, payments. Most of the amount, USD 645 669, corresponds to money charged by macroagents; ie authorized businesses to make...

Ecuadorian tilapia is increasingly receiving less revenues from its main market, the United States. Between January and April this year, foreign sales were just 2 million pounds, generating $ 6.3 million, that is $ 22 million less than the peak achieved in 2007. Since 2013,...

10% of those who have registered with the program of electronic money of the Central Bank of Ecuador (BCE) use the system implemented by that body, said yesterday Fausto Valencia, director of the project. Valencia stated at the M2Money & Payments meetings, that from 27 to 28...

  The income of Ecuador by low oil prices will reach about $ 7,000 million in 2015. In the first quarter the government stopped receiving about 2,000 million, said last Tuesday the president of the Republic, Rafael Correa, in a panel discussion with media in Guayaquil....

Foreign companies investing in the country would have five years of exemption from the income tax payment as a sectorial incentive and 10 years of tax exemption to those that generate basic industries. These would be some of the benefits that the government offered to a group of...

Deposits in the financial system recorded a lower growth rate in the first half of 2015, according to data from the Superintendency of Banks (SB). As this occurs, some institutions seek to encourage savings through promotions and sweepstakes. According to the SB, total deposits...