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Mayors enlist proyects for lands military will cede them

Sports Complexes, social housing, ecological parks, fairgrounds, public libraries, museums, a cableway, transportation terminals and universities, would be some of the projects the local governments plan to build on the lands the military will deliver to the State. As part of the...
Posted On 13 Oct 2014
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Resolution that will regulate the charge of 0.5% tax to credit becomes effective

The Board of Policy and Monetary and Financial Regulation issued on October 9 the Resolution No. 003-2014-F, which regulates the implementation of the contribution of 0.5% in all types of loans. The contribution, which will fund the comprehensive cancer care, was established by...
Posted On 10 Oct 2014
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Since yesterday is effective the payment of import tariff for 4×4 system

Since yesterday became effective the collection of the $ 42 fee for those who import through the 4X4 shipping system (up to $ 400 and up to 4 kilos). José Alfredo Jimenez, from CMA Logistics, said that the charging of the rate is currently done in cash because it is a duty. If...
Posted On 10 Oct 2014
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The Government presents an investment of 90% in public spending

In less than a month of the submission of the 2015 budget, the Government shows the public spending of its management of 2014. According to the National Secretary of Planning and Development (Senplades), the Annual Investment Plan has a implementation of the 90%. Ie, of 7.728...
Posted On 09 Oct 2014
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Ecuador plans to increase oil reserves with foreign investment

Ecuador will increase its oil reserves at 170 million barrels, as a result of 2,120 million dollars investments signed yesterday between Petroamazonas and foreign companies. These investments will go to seventeen fields, whose production was in decline phase and is expected to be...
Posted On 09 Oct 2014
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Goal of import substitution exceeds for 2014

The Minister of Production, Richard Espinosa, said that about 900 million USD have been replaced in imports from January to the current date. Espinosa explained that the goal of replacing purchases, which was established for USD 840 million for 2014, was overcome. According to...
Posted On 09 Oct 2014
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The company that will build the new port will be announced in late December

The Minister of Transport and Public Works (MTOP), Paola Carvajal, said by late December the company that will build the new deepwater port in Posorja (Guayaquil), will be announced. She added that so far there are four international companies interested. Carvajal, said that the...
Posted On 08 Oct 2014
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Handbook for supermarkets will be effective since November

The new handbook for Good Market Practices, issued by the Superintendency of Control of Market Power (SCPM for its Spanish acronym) will take effect from November to improve the relations between supermarkets and suppliers. This regulation seeks to make clear the rules for both....
Posted On 08 Oct 2014
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French Development Agency will operate in Ecuador since 2015

The French Development Agency provides to start operating in Ecuador since 2015 with an electrical project. In this, from 100 to 150 million dollars will be invested, said the French ambassador to Ecuador, François Gauthier. In addition, they are studying a second disbursement to...
Posted On 08 Oct 2014
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Ecuador opens bid for purchase of border radars

Ecuador opened an international bid to acquire a radar system of border surveillance and against the drug trafficking, said on October 7 the Defence Minister, Fernando Cordero, who anticipated an investment of $ 112 million in this purchase. In late July, the Minister, who...
Posted On 08 Oct 2014
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