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The Renault-Nissan executives expect the government to define over the course of July the regulatory framework to begin the import of electric vehicles like the Twizy. “We are in the final stage. Import taxes were eliminated, however, there´s a tribute that has not yet been...

Services contribute about 60% of Gross Domestic Product (GDP), according to figures from the Central Bank of Ecuador (BCE). The tertiary or services sector is the one that includes activities related to the _ non-producing assets tasks. It includes subsectors such as trade,...

During the third day of the 89th Convention of the Inter-American Tropical Tuna Commission (IATTC), the main topic to be discussed was the increase in the fishing quota requested by three countries. The IATTC groups and represents 20 countries and the block of the European Union...

The Internal Revenue Service (SRI for its Spanish acronym) announced yesterday on its website the formation of economic groups for 2015. This year 125 groups have been listed, more than 118 groups that were formed in 2014. In Zonal 9 there are 46 economic groups, while in Zonal...

The commercial sector indicated to the Central Bank of Ecuador that the value of its sales grew a slight 0.7% in May, while in April it would have fallen a 2.3%. In the printing industry demand fell by almost 40%, said Juan Carlos Abad, president of Offset Abad. Abad states:...

The Central Bank of Ecuador (BCE) predicted that the Ecuadorian economy would grow 1.9% this year, a lower figure than 3.8% it could expand last year. The Ministry of Finance estimated a growth of 4.15 for 2015. However, in the first quarter it stood at 3%, according to the...

$ 1.521 million is the number of investment contracts that the Ecuadorian government has signed with private employers between December 2014 and June 2015. Nathalie Cely Coordinating Minister of Production, says that this will mean to the employer stability in the conditions...

1 million people will come to Guayaquil and Quito to see Pope Francis, from 5 to 8 July, the Ministry of Tourism reported. The company conducted a telephone survey in 25 cities in the country through Coordinators of Research of the Ministry of Tourism, between 18 and 25 June. And...

Private investment has a considerable growth since 2013, and this would thanks to the Production Code, a text approved in 2010, which has been in full force for three years and led to the signing of investment contracts for 4.137 million dollars. The money is distributed in...

In an interview with El Telegrafo daily, Fausto Valencia, director of the Electronic Money Project of the Central Bank of Ecuador (BCE), clarifies doubts about the system. Valencia mentions that there are over 43,000 e-money accounts in the country, and to date there are about $...