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National Assembly will debate tomorrow Electricity Act

The plenary session of the National Assembly will have tomorrow the first debate of the Organic Law of the Public Electricity Service. The unification of electricity tariffs for users, is among the topics contained in the project, which was submitted by the Executive and studied...
Posted On 28 May 2014
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Ten Peruvian franchises are offered in Ecuador

A trade mission from Peru visited Ecuador this week to promote 10 gastronomic franchises to local entrepreneurs. The presentation of the companies was held yesterday at the Dann Carlton hotel, where seafood, ice drinks, chicken, sandwiches and ceviche companies attended the...
Posted On 28 May 2014
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Pharmaceutical industry will reduce its purchases abroad

The Association of Pharmaceutical Laboratories of Ecuador submitted its proposal to the government to participate in the process of changing the production model reducing the number of imports and replace them with national product. The commitment of the pharmaceutical industry...
Posted On 28 May 2014
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Real Estate in Guayas signed agreements with the BIESS

In order to decrease the time it may take to materialize a mortgage pending, last Tuesday at a meeting between the president of the Bank of the Ecuadorian Institute of Social Security (BIESS for its Spanish acronym), Victor Hugo Villacres, and several entrepreneurs of nine real...
Posted On 28 May 2014
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Unacem will buy Lafarge `Concrete of Ecuador´

Lafarge, a French company, announced the sale of its concrete operations in Ecuador for 553 million dollars, to the Andean Union Cement (Unacem for its Spanish acronym). This sale will contribute Lafarge´s goal of reducing its net debt below 9 billion euros in 2014 (USD 12,250...
Posted On 28 May 2014
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Hydroelectric project works continues

The Coca – Codo Sinclair opens in 2016, despite the problems that have been reported during the construction process. Thus said the Vice-President of the Republic, Jorge Glas, after being consulted on the subject. With an advance of a 64%, the main problem of the...
Posted On 28 May 2014
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Opposing views about poverty figures

According to the Coordinator Minister of Economic Policy, Patricio Rivera, the reduction of poverty is one of the greatest achievements of the Government, since due to the social policies, one of three Ecuadorian ceased to be poor (1 million people). However, the Espol Economics...
Posted On 26 May 2014
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Farmers affected by the rising cost of inputs

Farmers take advantage of the rains to grow corn, rice and other products, but say that the wages and inputs values increase the production cost. This affects them because it reduces the profit margin of the small producer . Washington Orellana said that after taking the $ 200 he...
Posted On 26 May 2014
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YASunidos will request an habeas data

The environmental group YASunidos calls all the people who signed on behalf of their cause of keeping the oil inside the Yasuni, to help filling a template in order to file an habeas data resource to the National Electoral Council (CNE for its Spanish acronym) and so finally...
Posted On 23 May 2014
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Casa Tosi surrenders a building and a store to deduct a bank debt

Casa Tosi surrendered two of its buildings to the Bank of Pichincha to cancel the debt with the financial institution. The administrative building of the company, located in Guayaquil´s downtown, and the store located in the Iñaquito mall, in the capital city, were the granted...
Posted On 23 May 2014
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