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The Ministry of Agriculture and Livestock (Magap for its Spanish acronym) set at USD 6.55 the new price for a box of bananas for export. That price shall apply from January 1, 2015 until December of that year. The value was established based on the banana box of 43 pounds, which...

The Ecuadorian State would be risking $ 14,475,000 in case of losing the 27 processes faced by commercial disputes before arbitral tribunals: The International Centre for Settlement of Investment Disputes (ICSID) and the United Nations Commission on International Trade Law...

The Organization of Petroleum Exporting Countries (OPEC) will held this week in Vienna the second regular session of 2014, after the biggest drop in prices since 2008. The group comprised by 12 producing countries, being Ecuador part of it, faces from the middle of 2014 an almost...

The Ecuadorian Institute of Social Security (IESS for its Spanish acronym) has already designed the table of contributions for housewives who will access to the pension benefit. The draft project provides that pensions are financed from the state and housewife contributions....

On the second test day for the operation of electronic money, the Central Bank of Ecuador (BCE for its Spanish acronym) reported that a total of 161 accounts were opened and already achieved major transactions such as payments and recharges of money with this financial system....

Major hydroelectric plants built by Chinese companies may not start generating power in the estimated time by the Government. Under the terms released by the Ministry of Electricity on its website, the Coca-Codo Sinclair, Sopladora, Toachi Pilatón, and Mazar-Dudas Delsitanisagua...

The Ministry of Foreign Trade (MCE) announced on November 17 that it received a formal communiqué from the Government of Switzerland, with regards the proposal that country will make to the Free Trade Association (EFTA) on the possibility of negotiating a cooperation agreement...

Today starts the field test of electronic money, as stated the Manager of the Central Bank, Mateo Villalba. Efraín Vieira, executive of the Pacific Bank,saidthat everything is ready for the test, which will be performed in two agencies in Quito and Guayaquil. Those chosen for the...

Four topics will be addressed this November 17 by the Ocasional Special Commission to investigate the constitutional amendments: autonomous governments (GAD), relection, reduction of age to be president and the popular consultation by citizens initiative. The GADs are addressed...

Food, ceramics, toys, furniture, cosmetics and plastics are among the sectors in which the substitution of imports has been achieved, according to the Government’s aim to change the Productive Matrix. However, this was accelerated after the issuance of Resolution 116 of the...