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Ecuador will receive $ 509 million from China as a financing for the Coca Codo Sinclair hydroelectric. This was expected with the journey made by the Minister of Strategic Sectors, Rafael Poveda, to that country on Tuesday, October 28. The financial institution Eximbank of China...

Unpaid work represented the 15.41% of the Gross Domestic Product (GDP) in 2010. This was announced yesterdayby the director of the National Institute of Statistics and Census (INEC), José Rosero, during the presentation of the satellite account of unpaid work in Ecuadorian...

The government sets the tax conditions for mining, by executive order, issued on October 27. President Rafael Correa said that “in order for the country to be more attractive” we must change the rules on tax collection. And for that, the extraordinary revenues tax will be...

A delegation from the company Conecel, that operates in the country under the Claro brand, went yesterday to the Commission on Decentralized Autonomous Governments to expose their case for the new royalties that are intended to be incorporated in the draft Telecommunications Act....

The Minister of Strategic Sectors Rafael Poveda, traveled to China to obtain financing of projects after the State intended to rely less on its budget, on the ups and downs of oil prices. Poveda had planned since October 28, in that country, to meet with officials of financial...

At the end of 2017 will be ready the first stage of the hotel and apartments complex Swiss Towers. The hotel project will have two towers of similar architectural features, which along with the rest of the building will be the highest in the city of Guayaquil, 190 meters. The...

The mayor of Guayaquil, Jaime Nebot, ensures that the public transport system, Metrobastión, “is not in bankruptcy”. His statement was based on statements from the backbone manager, who denied the bankruptcy. “If that manager says that there is no bankruptcy. I ask him: when...

The Ecuadorian American Chamber of Commerce, AmCham Guayaquil and the Corporation for the Promotion of Exports and Investments (Corpei) reported that the closing of business between Ecuadorian and US companies that brought together at the Expo USA 360º exceeded the $ 2 million....

In 2013, salaried employees received incomes equivalent to 36% of Gross Domestic Product (GDP); above what their employers received, who closed last year with a 27% stake. According to the Central Bank of Ecuador (BCE for its Spanish acronym), in 2007, who were in a dependency...

Since yesterday, the Monetary Code established the payment of 0.5% for those who access loans by financial institutions. The amount will be used to finance the comprehensive cancer care. The collection will take place in all types of loans by private financial institutions...