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The sales of Ecuadorian flowers to Russia is being affected by the economic crisis Russia is facing, which represent 23% of the total sales, according to reports of delegates from that sector and figures from the Central Bank. From January to October of 2014, the export growth of...

The Coordinating Minister of Social Development, Cecilia Vaca Jones, yesterday clarified that housewives who fail to pay their contributions to the social security (which would be between 2 and 45 dollars a month for 20 years), will not be fined, as indicated by the government in...

The delegates of workers and employers to the National Wages Council (Conades for its Spanish acronym), after their meeting yesterday, set the increases in the salary scale for mobile telephone companies. To the appointment was also attended by Ximena Cobos, Technical Secretary...

Ecuador has reduced its oil revenues. In part, this could be due to the modality of credit agreements and advance sale of oil to China. A barrel of West Texas Intermediate crude (WTI), a reference to the Ecuadorian oil, closed at US $ 65.84 on December 5, which was the lowest...

In order to strengthen the electricity transmission networks in Ecuador, the Finance Minister Fausto Herrera signed a loan agreement with the Andean Development Corporation (CAF) for $ 200 million. The Ministry of Finance reported that this project, which will be implemented by...

The Commission on International Trade of the European Parliament adopted on Thursday, December 4 the validity of a proposed regulation submitted by the European Commission last October. The same that seeks to give to Ecuador tariff preferences until the trade agreement negotiated...

The Minister of Foreign Trade, Francisco Rivadeneira, encourages in the European Union the regulation that would extend tariff benefits to Ecuador for two more years. On December 31, 2014 expires the General System of Preferences Plus (GSP +), which the European bloc extends to...

After the Executive branch sent to the Assembly on Friday, November 28, as a matter of economic emergency, the draft Law on Production Incentives; the expectations of entrepreneurs began to be generated. The President of the Chamber of Industries of Pichincha, Richa...

The contract of services provision for private oil companies start to have complications by the low on oil prices. The state can eventually participate in a lesser amount in the oil revenue from private companies, to which it pays a fixed rate. Furthermore, it could begin to...

Following the decisionof the Organization ofPetroleum Exporting Countries(OPEC) of not tocut production,oil pricesyesterdaycontinued their downward trend, reachingminimum levelsin five years. A barrel of West Texas Intermediate crude (WTI), which serves as a reference for the...