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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....

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...

Inflation in September stood at 0.61% compared to 0.57% in the same month of 2013, however, it exceeded the annual official targets, standing at 4.19%, while the accumulated was 3.15% according to the National Institute of Statistics and Census (INEC for its Spanish acronym)....

The Deposit Insurance Corporation (Cosede for its Spanish acronym) paid about $ 1,250,000 to 780 former depositors of Banco Sudamericano, which is in the process of compulsory liquidation since August 25. The board of the institution indicated that the total of Customers of Banco...

The charge of 0.5% to credits shall become effective on the next October 12. According to the Monetary and Financial Organic Code, in its Fourteenth Disposition, this credit tax will finance the budget of Solca. The new regulation was published in the Official Register on 12...

The National Customs Service of Ecuador (Senaefor its Spanish acronym), convened yesterday the couriers domiciled in the city of Guayaquil to give them a talk training on the implementation of the 4X4 system. The 4X4 shipment system, which was reformed, shall take effect from...

The International Monetary Fund (IMF) predicted an improvement in the economies of Ecuador, Colombia and Bolivia, despite the significant slowdown of the Venezuelan Gross Domestic Product (Gthe DP) and growth below expectations of Peru. In its report released today...

During the last nation-wide broadcast, President Rafael Correa noted a reform on the Act 010 to increase oil revenues for the Amazon. This region receives one dollar for every barrel of oil extracted, according to the regulation. Correa said that they could increase to $ 2 per...

According to a World Bank (WB) report, growth  has been inclusive in Ecuador, with a direct effect on reducing the levels of poverty and inequality and the rise of the middle class. The WB noted that between 2006 and 2013, the poverty measured by incomes (using the national...

The liquidity of the Ecuadorian economy reached $ 37.109 million dollars by August of this year, according to figures from the Central Bank (ECB). This represents an increment of 15.77% compared to August from last year. Diego Martinez, representative of the President in the...