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On its report on the veto to the Monetary and Financial Code sent by the Executive, the Commission of Economic Regime of the National Assembly, insists that the forgery and concealing of information about a financial institution must have not only criminal sanctions, but also...

From this Friday, August 29, medium and large companies that manufacture, import or sell processed food products, shall have their packaging displayed with the label that indicates the level of sugar, fat and salt using colors red (high), yellow (middle) and low (green). In...

Importers must pay a fee for entering the Ecuadorian fruit to various markets worldwide. This measure concerns the banana sector. In the case of the European Union, the protection will change from 37 cents to 54 cents. This, from 2015. “It is true that we have signed an...

With an investment of $ 36 million, the National Telecommunications Corporation (CNT) offers 4G technology (higher browsing speed) for smartphones with voice plans and mobile internet. This was reported by the public entity through a statement, in which It also explained that the...

On Wednesday, the chairman of the Commission of Economic Regime of the National Assembly, Oswaldo Larriva, confirmed that they agree with most of the 53 presidential objections to the Monetary and Financial Code, including the authority of the Superintendency of Banks of...

The Attorney General’s Office will be responsible for defining the process to be given to the case of the liquidation of Banco Sudamericano. On Tuesday, the Superintendency of Banking and Insurance (SBS for its Spanish acronym), referred the report to the entity. The...

Exports of bananas from Ecuador increased by 17.22% from January to May this year. Additional 18.8 million boxes were exported, reaching 128.1 million cartons. The statistics from the Association of Banana Exporters (AEBE for its Spanish acronym) show that during the same period...

The Ecuadorian government seeks to renew a credit line of around 1,500 billion with The China Development Bank. The purpose of this credit would finance part of its investment plan for next year, according to what the Ministry of Finance said in a statement. “It was also...

On last Tuesday morning, officials of the Ministry of Electricity, Ministry of Industries and manufacturers of induction cookers met in the Electric Company Quito to define the payment system and marketing of artifacts. According to government plans, those applying to the program...

In 30 days, when the Monetary and Financial Code takes effect, all persons who obtain loans or credit (for cars, for housing, for credit card purchases, etc.) will pay a fee of 0.5% on the amount of credit to finance comprehensive cancer care. According to the standard, the...