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Sergio Torassa, Executive Chairman of the company Pronobis, said that the company has planned for 2014 several infrastructure projects which include an investment of $120 million. Among the major plans are the Gran Condor hotel, which will be located in the city of Quito; La...

Workers usually use the extra money that they receive from the thirteenth salary in consumer spending as Christmas gifts, dinners, appliances and arrangements for the home, however there are also people who use it to pay debts or buy stocks at the financial markets  and also to...

President Rafael Correa said yesterday that the State-owned company Petroamazonas will be responsible for exploiting the oil blocks in the Amazon that do not receive a private offer. As part of the process that began last year, Ecuador received last week just the proposal from ...

In the first nine months of 2013, ceramic imports in Ecuador totaled 40.74 million, denoting an increase of 55% over the same period in 2010. Colombia, China and Peru are the main countries from which they purchase. Purchases outside cover 30% of the domestic demand, says the...

Starting next December 7, 2013, the textile labeling rules will change, so says Javier Diaz Crespo, CEO of the Association of Industrial Textiles from Ecuador (Aite). Now the composition of the garment will have a tolerance of the material used, this was not applied before, where...

Five possible factors would affect the interest of oil companies for their participation in the Southeast oil bidding round, which was convened by the hydrocarbon bidding Committee and the Secretariat of hydrocarbons, according to analysts. Luis Calero believes that the...

Through a technical regulation will regulate the processes to manufacture bicycle production with a high national component. The regime wants to start in 2014. This was announced by the director of the Ecuadorian Standardization Institute (INEN), Agustin Ortiz. Imports of...

From abroad, Alvaro Noboa contacted the Ecuadorian media to report his request to the regime leader, Rafael Correa, to carry out  a video call in order to discuss his proposal for a solution to the situation of  Bananera Noboa Exporting Company. The Ecuadorian businessman...

Andres Donoso, Minister of Hydrocarbons, announced yesterday that there are four bids for the XI Oil Round Of the South East. The Minister of Non-Renewable Natural Resources, Pedro Merizalde said it will take about four months to analyze each bid. One of the proposal is from the...

The Mininster of Industries, Ramiro Gonzalez, announced yesterday that in 2014 the Ecuadorian market will introduce 110 thousand bikes manufactured from domestic components. This is part of changing the production model to replace imports. Gonzalez maintained that prototype bikes...