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Ecuador perceived $ 336.4 million from foreign investment from January to August

The Superintendency of Companies and Securities stated that the country attracted investments of $ 966 million between January and August of 2014, which represents $ 151.2 millions more than in the same period of the last year. The investment of domestic firms was of $ 612.2...
Posted On 06 Oct 2014
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Venezuelan government owes $ 15 million to Tame

Venezuela maintains a debt to the state airline Tame, corresponding to transactions carried out between July and September of 2014 totaling $ 15 million. Fernando Guerrero, General Manager of Tame, said that despite this drawback, the sale of tickets from Venezuela to Ecuador is...
Posted On 03 Oct 2014
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Couriers charged $ 42 rate in advance

Couriers companies charged the rate of $ 42 for shipments under the 4×4 (400 kg / $ 400) modality in advance, despite the announcement that it would be postponed by one month the effective date of this resolution 023 Comex, which should come into force from Septembe...
Posted On 03 Oct 2014
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Management plan of electronic money will start in late October

According to the schedule of the Central Bank of Ecuador (BCE) for the implementation of electronic money in the country, from late October to mid-November in real time,the controlled tests with different types of transaction will be performed​​, reported Fausto Valencia...
Posted On 02 Oct 2014
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European Commission sends bill to expand preferences for Ecuadorian goods

The European Commission sent to Parliament block a proposal of legal regulation on the rates applied to goods originated in Ecuador. This regulation proposes to temporarily maintain the current level rates. The GSP+ that grant bilateral tariff benefits expire on December 31,...
Posted On 02 Oct 2014
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Petroecuador confirms credit with Noble Americas Corp.

EP Petroecuador confirmed on Tuesday that on September 8 a credit from Noble Americas Corp. for $ 1,000 million was signed, the same that will be used to finance the Pascuales-Cuenca pipelines, the sustaining of refining plants and the rehabilitation of the Esmeraldas refinery....
Posted On 02 Oct 2014
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Reorienting the credit, a priority for the Financial Monetary Board

The reorientation of credit and the charging mechanism of the 0.5% tax credits that would pay are the priority issues on the agenda of the Monetary and Financial Regulatory Board, which met on September 29 for the first time. The authorities did had their first meeting in the...
Posted On 30 Sep 2014
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New regulations for the use of checks takes effect

The checks will only be protested by financial institutions when they do not have funds. If these have defects the date format, a different signature than that recorded by the bank or if these have stamps or captions that condition their payment, these will be returned. These are...
Posted On 29 Sep 2014
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Ecuador received $ 966 million in investments

According to the Superintendent of Companies and Securities (SC), Ecuador caught investments of $ 966 million from January to August of 2014, which means $ 151.2 million more than the same period of 2013. A total of 5,423 local companies injected resources in the analyzed period....
Posted On 29 Sep 2014
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Private Banking is expectant for the new 0.5% credit tax

The Monetary Code established the payment of 0.5% for those who access to loans from financial institutions. This amount will be used for integrative cancer care. This measure will take effect from next October 11 and maintains the industry in expectation. The text indicates that...
Posted On 29 Sep 2014
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