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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...

Fausto Valencia, Manager of the e-money Project of the Central Bank of Ecuador (BCE) said yesterday that the tariff for the use of electronic money has been approved, which would become effective in late 2014. The use of electronic currency will be a mean of voluntary payment....

Taxpayers under dependency ratio and who have higher annual incomes to the taxable base ($ 10,410 or monthly or from $ 868 onwards) must submit the projection of personal expenses through the SRI-GP form this month, as reported by the Internal Revenue Service. The personal...

The Minister of Telecommunications, Augusto Espin, expects that the negotiation on the radio spectrum for the use of the 4G service would be settled on December with Movistar and Claro. “We hope that this year the provision of additional spectrum to operators is...

The number of Spanish companies in Ecuador has tripled over the last two years, from about 50 to 152, revealed on October 13 the Ambassador of Spain, Victor Fagilde, who highlighted the recovery of the Spanish economy, in particular in its outside sector. He underlined the...

Ricardo Patiño said that since October 20, the compensation payments to farmers of the northern border will begin. This amount was offered by Colombia, for the damages caused by glyphosate spraying. Around 4,600 families will receive $ 3,000. $ 15 million will be awarded in...

The sale of the majority stake of Produbanco to the Centro Americano Promerica Financial Corp. group (PFC), which began in late 2013, and concluded yesterday, began operating a single financial institution in the country. The brand began working with $ 3900 million in assets and...

Macroeconomic projections of the government contemplate strong revenues from oil exploitation in the Yasuní nature reserve, in the coming years. According to the economic report that the state company Petroamazonas submitted to the National Assembly last week, the works in block...