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The American unit of the Noble Group Americas loaned $ 1 billion on September to the state public oil company of Ecuador, Petroecuador, according to documents gathered in the U.S. by Bloomberg. This debt was transformed into notes (bonds or stocks) traded that Noble then sold to...

From September 29 the new reforms to the Checking Act are effective. Among the changes is the deadline for submission of payment, which will be within 20 days from the date of issue (in checks drawn on and payable in the country). To fill the new checks it will only be permitted...

Roberto Betancourt, head of the national negotiating team for the trade agreement with the European Union, said that the legal review of the document text will last at least until November. Francisco Rivadeneira, Minister of Foreign Trade, said yesterday that the publication of...

This September 25, the Central Bank of Ecuador (BCE for its Spanish acronym) and the Claro telephone service signed a connection agreement to implement the use of electronic money in the country. Mateo Villalba, Manager of the BCE, highlighted the agreement with Claro, because it...

Ramiro Cazar, Manager of External Relations of Petroamazonas, announced that the oil company will incorporate about 20 million oil barrels more this year. Cazar said these new reserves are primarily related to the Armadillo field. The official also added that Petroamazonas...

The Bank of the Ecuadorian Institute of Social Security (Biess) earmarked $ 40 million for parents facing alimony lawsuits in Ecuador. They will receive Government loans to cover this obligation with their children and avoid going to prison, according to an initiative launched by...

Members of the banking sector want to meet with Patricio Rivera, Coordinating Minister for Economic Policy, who shall chair the Monetary and Financial Board, the body that regulates the Ecuadorian economy. César Robalino, President of the Association of Private Banks of Ecuador...

The European Union and Ecuador are conducting a legal review of the texts of their commercial agreement, after which they say that administrative and legal measures required for the approval of the accession and implementation of Ecuador to this Agreement will be taken. With...

After two months of signing the agreement between Ecuador and the European Union, the authorities of the Ministry of Foreign Trade showed the documents. The document is reminiscent of the text signed between Colombia and Peru. The differences are mainly the footnotes of he...

The National Customs Service of Ecuador (Senae for its Spanish acronym) denied on Tuesday September 23 that the activities performed during an operation against smuggling at the northern border of Ecuador caused the death of Milton Ch., 36. The incident occurred when the staff of...