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The international news agency Reuters revealed an extensive report on the relationship between China and Ecuador, as it shows how the Asian nation manages the oil exports received from the country. Reuters showed today that Ecuador “depends heavily on Chinese funds, which...

The Ecuadorian Oil Ministry reported yesterday that oil production will reach the 550.000 barrels per day (bpd) at the end of this year, due to the good results of the operation of the fields and the achievement of the investment objectives from the private oil companies. The...

Juan Carlos Santillan, head of customs process, revealed that the arrival of migrants has been lower than in previous periods at the same time. He said most come from Spain, Italy and the United States and reported that this year there are new customs controls for entering...

On the occasion of the festivities of Christmas and new year’s Eve, the Superintendency of banks and insurance of Ecuador (SBS) is developing the campaign of financial culture, which includes various presentations, in order to create awareness in Ecuadorian citizens on...

During an interview with the news agency AFP in Paris, the Ecuadorian President, Rafael Correa, advocated for the creation of a regional currency, as well as a new financial architecture that allows Latin America to have its own Bank of the South and its own reserves Fund....

The mechanism that allows the entry of products to the European Union (EU) with tariff preferences, called SGP Plus, passed the first test for the extension until December of 2014. It  occurred yesterday in Brussels when the European Parliament’s International Trade...

In October 2013, the index of prices to the consumer (IPC, for its acronym in spanish) recorded the following variations: 0.41% monthly inflation; 2.04 the annual % and 2.09% the accumulated; whereas for the same month in 2012 was 0.09% monthly inflation; 4.94% the annual and...

The induction cookers, to replace the gas within the government’s project that targets the subsidy Liquefied Petroleum Gas (LPG) in 2016, would be revealed on Wednesday, November 6, during a meeting between the Minister of Industries, Ramiro Gonzalez, and business...

The directory of the Ecuadorian Central Ecuador (BCE, for its acronym in spanish) issued the regulation 047-2013 which will regulate the  rates of interest in arreas of credits in the financial system of the country, which shall enter into force on 3 December. This regulation is...

The Finance Minister, Fausto Herrera, announced the arrival of the document to the Assembly, which provides a budget of $ 34’300,630,000 for 2014. The figure represents 5.97% more than the total initial budget recently approved in 2013, of $ 32’366,800,000. The Ministry reported...