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The daily oil production of Petroamazonas fell by 2.6% in the first half of this year, resported this state enterprise through a press release. The average daily oil production in the first half of 2015 was 351 526 barrels. This implies a fall of 9546 barrels in the daily average...

  In recent days the real estate offer has increased (people who want to sell their properties), but simultaneously a sharp contraction in demand (buyers). As a result, less business are realized. The president of the Association of Realtors of Pichincha, Miria...

Of the USD 774 million Ecuador received in 2014 as foreign direct investment, according to Central Bank data, 63% went to non-renewable natural resources, oil basically. It was followed by the trade sector (18%) and manufacturing (14%). According to Jose Hidalgo, director of the...

It is planned to import seeds from Canada to increase the production of malting barley and raw materials for brewing, and thus lower the import of this product. Since March, barley is on the list of imported products on which tariff surcharges of 5% to 45% were applied. The...

  This year companies dedicated exclusively to the processing and exporting instant coffee will benefit from the exemption of 100% of the income tax corresponding to the fiscal period 2015.   This measure was approved by presidential decree and proposed by the President...

Guayaquil currently has about 2,200 hotel rooms and it is estimated that within a year and a half the offer will reach 4,500 rooms, according to the Provincial Federation of Chambers of Tourism (FENACAPTUR). According to the latest economic census of the INEC, only in the...

The deposits of private banks, finance and mutual companies, cooperatives, credit cards and the National Development Bank dropped by 4.7% between January and June this year. This is shown by the account of Monetary Liabilities of other Deposits Companies of the Central Bank,...

The recovery of the Esmeraldas refinery has meant a budget of $ 1,200 million over five years, said the coordinator of Strategic Sectors, Rafael Poveda. He also announced that the plant will start processing 110,000 barrels a day from November. According to the new manager of EP...

In August, Ecuador could sign an agreement with the state oil company of Thailand, PTT, announced yesterday Rafael Poveda, Coordinating Minister for Strategic Sectors. “The agreement (with TTP) is almost completed and is expected to be signed in mid-August,“ Poveda...

Until July 22, the budget for public works reached 8.547 million dollars. Of this total only 3.002 million dollars have been used. According to the National Information System of the State, of 3.002 million accrued to date, 263.6 million were allocated to works of flood control...