Category

People who purchase goods and services – taxed with value added tax (VAT) – will pay 15% for this tax from April 1, 2024. This means three percentage points more, in relation to the percentage in force until March 31, 2024. That is, 12%. The VAT increase is contained i...

The price of cocoa exceeds USD 9,000 per metric ton for the first time on March 25, 2024, due to the lower supply of this tropical fruit. This rebound has even caused cocoa to be more expensive than copper (the reference industrial metal), Bloomberg reported. The National...

Three Azuayan migrants invested USD 170,000 to build a guinea pig processing plant. The first batch of 800 units arrived this week in New York. Guinea pig is one of the most sought-after products by Ecuadorians living in the United States. Now, an Azuaya company will bring this...

The SRI points out that it has detected that the income of several ‘freelance’ professionals, and paid from abroad, is not considered in the Income Tax declaration. Like employers in a dependency relationship, in March, those called ‘freelance’ or those...

Despite registering an increase in access to mobile customers, Telefónica lost some space in its markets, except Chile and Venezuela. In November 2023, the Government of Ecuador signed the temporary extension of the concession contract for Otecel, a subsidiary of the...

Pitahaya exports from Ecuador broke a new record in 2023, reaching USD 171.7 million in turnover, said the Ministry of Production. The pitahaya, that exotic fruit with digestive properties, has had a good harvest in Ecuador and with the agreement with China, a boom is expected....

The Ambateño company Miral Mobility invested an amount close to USD 4 million in the project to manufacture electric buses. The bus manufacturing company Miral Mobility launched the first electric bus manufactured in Ecuador to the Ecuadorian market on March 14, in the city of...

The operation between the companies includes the purchase of local brands La Vaquita, Yogu Yogu, Natura, Cereavena and Huesitos. The Superintendence of Economic Competition must still approve the closure of the business. The Peruvian company Gloria Foods reported in a statement,...

The country risk fell again and stood at 1,321 points, the lowest figure of the Noboa Government. What does this reduction mean for the country? Ecuador’s country risk continues to decline. This indicator closed on March 4, 2024 at 1,321 points, which means a drop of more...

Noboa said in Canada that mining is an engine of the country’s development. The Minister of Energy said that they are working to reopen the mining registry. President Daniel Noboa presented on March 4, 2024 at the PDAC mining fair in Toronto, the reforms he is adopting to...