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The Association of Telecommunications Companies (Asetel for its Spanish acronym) and the Association of Suppliers for Internet Service Companies (Aeprovi for its Spanish acronym) criticized the excessive charging of fees by 37 local governments for the deployment of...

Kinross Gold Corporation reported on October 21 that it has signed an agreement with Fortress Minerals Corp, a member of the Lundin Group of Companies, to sell its entire stake in Aurelian Resources Inc. and the Fruta del Norte (FDN) project in Ecuador for $ 240 million....

On Saturday during its usual nation-wide broadcast, President Rafael Correa announced the Annual Investment Plan for next year, which will include a budget of $ 8,000 million in six areas of the Executive. Higher values ​​will be invested in strategic sectors, $ 3,000 million;...

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...