Category

The Ministry of Finance of Ecuador announced yesterday that new operations to get credits for investments in the electricity and oil sectors are expected. He also refused the existence of liquidity problems in the economy. The Minister of Finance, Fausto Herrera, said that after...

The Bank of the Ecuadorian Institute of Social Security (BIESS for its Spanish acronym) recorded a balance of mortgage loans for housing that grew by $ 346 million from December 31, 2013 until May 31, 2014. In this period the number increased from $ 3,439.5 million to $ 3,785.5,...

The Government expects to deliver this year about $ 10 million to the program of nonrefundable forestry incentives with commercial purposes, according to Pablo Noboa, Undersecretary of Forestry Production from the Ministry of Agriculture. The program provides financial incentives...

President Rafael Correa announced that a road toll will be charged in the way to Collas, which from July will connect the New airport Mariscal Sucre with northern Quito. Correa noted that users of this road must pay this toll because “it has been an expensive route and it...

In the framework of the placement of $ 2,000 million in the international market at a 10-year term and with an interest annual rate of 7.95%, President Rafael Correa yesterday justified the action stating that this resources will cover the fiscal deficit and the investment for...

After the reopening of the fiscal accounts to the International Monetary Fund (IMF), the economic authorities of the country have been in Washington paving the way to comply with the consultations of the Article IV of the organism. “This important step will allow the IMF...

The Internal Revenue Service (SRI for its Spanish acronym) noted that there has been a growth of 8.1% in the income tax. This was indicated in the tax collection report corresponding to May 2014. The total amount that entered into the Treasury from January to May, reach...

Ecuador has a deficit in the non-oil commercial balance, in the values ​​for the first quarter of 2014, according to the Central Bank of Ecuador (BCE). National oil exports exceeded imports in Chile, Peru, Panama, India, El Salvador and Honduras. Non-oil products reached a...

Ricardo Patino, Ecuador Chancellor, met yesterday in Quito with the Secretary of the Andean Comunicad of Nations (CAN for its Spanish acronym) to review measures applied by Peru to Ecuadorian products. Among the products include white goods such as cookers, refrigerators; besides...

The armed forces call for the modernization of equipment and technology to effectively fulfill their job. Luis Garzón, Head of the Joint Command of the Armed Forces, said there are several requests for the purchase of helicopters, three fighter jets and about 700 vehicles....