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Between 2007 and 2014 remittances from Spain fell by 43% due to the economic crisis, therefore, analysts do not rule out a new massive return of Ecuadorians. The global economic crisis that affects from 2008 developed countries like the United States and Spain (main destinations...

The Ministry of Foreign Trade announced that the General Council of the World Trade Organization (WTO) was informed on April 2 about resolution 011-2015 of the Committee of Foreign Trade (Comex). This resolution determines the setting of safeguard measures to 2900 imported tariff...

Last year, tourism in Ecuador recorded a total revenue of $ 1,487.2 million, the Ministry of Tourism reported today. In 2013, a revenue of $ 1,251.2 million was recorded, so this year the goal is to reach $ 1,734.5 million, while $ 2,752 million for 2018. Sandra Naranjo, Minister...

The country must still pay 3 installments from the 10 established by the purchase of seven Dhruv helicopters, Indian-made, four of which have crashed. The deadline to settle this debt is 3 years. The total value for the purchase of the aircrafts was $ 45’200.000, whose...

In his weekly address No. 418, President Rafael Correa gave the order to eliminate the safeguard measures that established a surtax of 25% for light vehicle tires which are imported into the country. So Patricio Rivera, Coordinating Minister for the Economic Policy, justified the...

Under the new regulations, mortgage loans have lowered their interest rates. Biess authorities and ministries of the Economic Policy and Urban Development and Housing, yesterday announced new measures to mortgages. The Bank of the Ecuadorian Institute of Social Security (Biess)...

There are many Ecuadorians who come to Huaquillas, border town with Peru, whose name changes to Aguas Verdes just after walking a few meters, in order to purchase goods at lower costs. The overflow of the Zarumilla river, about a week ago, because of the heavy rains has caused...

The state will exempt citizens or companies that commit to pay 100% of the outstanding taxes with the IRS (SRI for its Spanish acronym), thus it was announced yesterday by Ximena Amoroso, director of the Internal Revenue Service (IRS) on the bill estimated to raise $ 500 million....

As a result of the entry into force of tariff surcharges, and restriction of import quotas, the value of new vehicles and spare parts would have risen in the last three months, a reason why used cars would cost more. Second hand cars have increased in value from $ 300 to $ 2,000...

Diego Martinez, delegate of the Presidency to the Policy and Monetary and Financial Regulation Board, said at a press conference that last year, the GDP growth excelled by 3.8%, making the national economy reach the highest growth of the region. The appreciation of the dollar and...