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Food import sector in Ecuador still complicated after the 116th Resolution of the Committee of Foreign Trade (Comex) became active on November 19, which establishes a prior import control and includes the presentation of a certificate of recognition. The rule was reported to...

The 2013 had a rate of price growth of 2.70%, ranking as the lowest level of annual inflation for the last eight years, as reported by the National Institute of Statistics and Census (INEC for its Spanish acronym). However, according to official projections, inflation will rise...

After a meeting with the commercial sector and entrepreneurs, the Minister of Industries, Ramiro Gonzalez said that both the meat and potatoes used by fast food chains shall go through a process of import substitution; meaning that a part of what is now imported  in the future...

The population under Social security coverage practically tripled, going from 2.6 million in 2008 to 8 billion at the end of 2013, due to new regulations for the affiliation, listed as free technical support. This aggravated the financial situation of health insurance and, in the...

The variants that will have this 2014 Ecuador business sector will be submitted as a new challenge for its members. Is expected that the National Assembly process this new legislation, the Penal Organic Code Integral, and the deficit of the trade balance and changes in the next...

According to the Ministry of Foreign Trade (MCE for its Spanish acronym), from the next January 13 until January 17 at Brussels, Ecuador and the European Union (EU), will hold the first round of negotiations for the Multiparty Trade Agreement between participants. Ecuador’s...

According to the audited data the oil production in Ecuador, in 2013  closed with an increase of 3.5%, compared to 2012, the best result registered by the present government in its seven years managing the country. In the period 2007-2009, oil production fell 9%, but a year later...

Last January 1st, national holiday, endless lines of people formed at the outskirts of Guayaquil’s Municipality, who did not hesitate in sleeping outdoors just to get that precious first seats for the first day of property tax income, thus taking advantage from the discounts by...

The purchase of 55% of the shares of Produbanco by the Bank Promerica has been authorized by the control agencies. Last week the entity took the first step to arrange an authorization to the Superintendency of Market Power Control (SCPM.) Ricardo Cuesta, president of Promerica...

The director of the Internal Revenue Services (SRI), Carlos Marx Carrasco, was pleased with the balance of the 2013, since it exceeded their own expectations. The projection was to reach USD 12 300 million in revenue for the Treasury but according to its figures, it will spend $...