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After Russia’s decision to veto the entry of food products from the EU, the United States and other Western countries, Ecuador is evaluating the products it can offer to this new market. “Russia has decided to buy from Latin America” ​​and that is also “an...

Bryan Zambrano, representative of the workers of Claro, said that the draft reform to the Telecommunications Law would be unconstitutional because it infringes their rights, cutting off their profits to 3%, in order to grant 12% to the State.   “We are not a privileged...

The companies Claro and Movistar responded to the government, defending its revenues, profits and the wages of employees. Juan Manuel Casas, Movistar representative in Ecuador, said that before doing an analysis and legal reforms is necessary to know how much the 2,000 employees...

The Guayaquil Bank and the Exim Bank of China, signed a cooperation agreement with the objective of stimulating the trade with Ecuador. The signing took place at the opening of the IV Fair of Trade between China and Latin America, Expo China 2014, which will be developed until...

In 2 weeks the regulation for the 4×4 system of imports will be published in the Official Register, this establishes a rate of $ 42 per purchase made online via courier, said the Coordinating Minister of Production Richard Espinosa. The resolution takes effect 30 days after...

The European Union (EU) currently covers about 30% of non-oil exports from Ecuador, being Spain the one that led the purchases in 2013. The bilateral trade with the EU reached U.S. $ 6000 million in 2013 and only from January to May this year sales totaled USD 1,290,300,000. This...

Credit cards issuers and management companies PacifiCard and Interdin, respectively recorded profits of $ 9’476 .53, 3.72% in the first half of 2014, more than the same period last year ($ 9’136 .59), indicates a report of the Superintendency of Banking and Insurance...

The remittances that entered to Ecuador in the first quarter of 2014 reached $ 584.4 million, which represented an increase of 5.9% from the same period of last year when the figure was $ 552.2 million, according to the Central Bank of Ecuador (BCE for its Spanish acronym). In...

The President of Ecuador Rafael Correa, said on August 2 that the country’s economy grew a 4.9% in the first quarter of 2014 despite the global economy’s slowing growth.  In his weekly address, Correa said that despite the international environment that seems more...

Nathalie Cely, Ambassador of Ecuador in the United States, signed on Wednesday an agreement with the representative of the Alliance for Entrepreneurship and Innovation (AEI), Camilo Pinzon, and the Rector of the Technical University of Loja Luis Romero, to support the network of...