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The Minister of Industries, Ramiro Gonzalez, announced yesterday that the government seeks to increase the diversity of supply of induction cookers, as well as to increase the investment in the country in that sector. These statements were made when participating in an exhibition...

Ecuador’s government expressed yesterday in a statement its refusal to resolution 1762 of the General Secretariat of the Andean Community of Nations, in which the regional organization did not authorize the application of the exchange safeguard requested by Ecuador. The...

According to the report IESS-DSP-2015-001 of the Directorate of Pensions System of  January 20, the Ecuadorian Institute of Social Security (IESS) will have a deficit of USD 339.1 million this year to cover pensions and other benefits of 432 780 retirees, which could require the...

This February 9, approximately at 15h00, Álvaro Noboa, through a press conference, spoke on the publication of a research called ‘Swiss Leaks,’ which involves the Ecuadorian businessman in data about thousands of accounts allegedly hidden in the Swiss bank HSBC....

The Foreign Trade Committee decided to increase the share of imported vehicles. Of the 22.277 units initially set in Resolution 049 of December 31 of 2014 will now be passed to a maximum of 25,617 vehicles. The document states that this change is due to a report by the National...

Ecuador presented a monthly inflation of 0.59% in January this year, which represents a 0.13% less than the same month of 2014 according to data published yesterday by the Consumer Price Index (ICP for its Spanish acronym) and the Ecuadorian Institute Statistics and Census...

Yesterday, Colombian media announced that the exchange safeguard that Ecuador set to Colombia, which is in force since January 5, would be removed this February 27th. The information would have been released by the Ministry of Commerce of Colombia. “Ecuador pledged that...

Until March is expected to define the policy to ease the cell phones import quota system for mobile companies, said the Coordinating Minister of Production, Richard Espinosa. “We have a month and a half to define the policy we will make more flexible,” said the...

The Ministry of Tourism updated the values of the Ecodelta contribution and created a minimum contribution called Touristic Power (Potencia Turística, for its Spanish name), which will be collected through the sale of air tickets. The State indicated that the Ecodelta...

The change of productive matrix seeks new sources of funding. The investment through public banks is an alternative though, last year, the line item would have presented significant downwards according to Central Bank figures.  According to the Central Ban...