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The private financial institutions in Ecuador obtained between January and September of 2014 earnings of $ 232.4 million, an increase of 17.37% compared to the same months in 2013 ($ 198 million), according to the Superintendency of Banks and Insurance (SBS for its Spanish...

The payment method for the new tax on imports under the 4×4 service are two: by credit card or through a deposit into the account of the courier companies. Sebastian Medina, coordinator of the Ecuadorian Association of Businesses and Messaging Express and Courier (Asemec for...

In order to provide guaranteed low cost medicine, the Ecuadorian government is moving forward in agreements with Indian and Spanish pharmaceutical companies, said Claudio Galarza, General Manager of Enfarma from Ecuador. This mission, defined as “a drug-economy”...

The assemblers industry of cell phones in Ecuador shows growth and new investments; so they expect that for the end of 2014 its production will double, said Henry Aguilar, member for the Association of Electrical and Electronics Assemblers of Ecuador (AEDE2 for its Spanish...

The Central Bank delivered the project of electronic money for the aproval of the new Monetary and Financial Board. According to the schedule, from the third week of December people would be able to do electronic recharges. Capital injections could be made at branches of the...

Pabel Muñoz, head of the National Secretariat for Planning and Development (Senplades for its Spanish acronym), announced that the public investment in 2015 will be around USD 8000 million. Of that amount, strategic sectors will receive 32%. “Do not forget that Ecuador is...

The eleventh edition of the International Forum of Bananas concluded with the news that the guild would close the current year exporting 290 million boxes and would break the record of exports it reached in 2011; during the last lecture Genaro Baldeon, Deputy Minister of Foreign...

The Central Bank of Ecuador (BCE for its Spanish acronym),  developed a rate proposal for six types of transactions with electronic money. Three of them would be free, according to the approach that shall be approved by the Monetary Adjustment and Policy Board. In a statemen...

The Minister of Foreign Trade, Francisco Rivadeneira, reported that Ecuador has raised the structural transformation of the Andean Court of Justice and the review of the system for the settlement of disputes of the Andean Community of Nations (CAN). During the 38th Meeting of the...

2015 will be a difficult year for public finances, which shall manage a falling oil price. On October 15, the price of West Texas Intermediate (WTI), which serves as a reference for Ecuador, closed at $ 81.7, and at the start of the day it reached 80, the lowest price since two...