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The scheme hopes to increase $ 14,950 million for taxes in 2014. This was revealed by the figures shown on last weekend by the Ecuadorian President Rafael Correa during his Saturday. This amount exceeds by $ 1,208 million more than last year ($ 13,742 million), according to the...

The Prosecutor’s office determined yesterday, after a hearing, through  which the sentence was known, that none of the officials of the National Development Bank (BNF, for its Spanish acronym) were involved in the alleged irregular delivery of credits to members of the...

Francisco Vacas, the Minister for Industrial Relations, announced yesterday that there will be meetings with the legal secretariat of the regime to comply with the request made last Saturday by the Ecuadorian President Rafael Correa, to unify the public sector labor system and...

During a press conference which was held today at the offices of Exportadora Bananera Noboa, Roberto Ponce Noboa, legal representative of the company, said that after the offer of assests that were seized to the Ecuadorian businessman Álvaro Noboa (valued at $136,01 million),...

This afternoon, outside the Internal Revenue Service (IRS) in Guayaquil, attorney John Vizueta, legal representative of Bananera Noboa Exporting company, addressed the press to announce an excluding third party dominion, legal argument presented by the airline LAN as the main...

The President of Ecuador, Rafael Correa, said Saturday during his last broadcast to the citizens, which took place in the Carcelen Bajo sector in Quito, ,the country will close 2013 with an inflation of 3.2 per cent, according to his projections. In 2012, inflation in Ecuador...

Last Friday, the Unemployment Fund  of the Ecuadorian Magisterium (FCME for its Spanish acronym) and consortium Nobis, signed an agreement to invest together in a Hydroelectric project called Quimis. This project, which will be located in the province of Zamora Chinchipe, would...

The Deputy Minister of Negotiations of the Ministry of Commerce, Genaro Baldeón, said that the Ecuadorian Government will participate in Europe his concern feelings about the possibility  that the GSP Plus, a mechanism allowing the entry of products with tariff preferences to the...

Yesterday, the National Financial Corporation (CFN, for its acronym in spanish) made the official announcement of the signing of a definitive agreement for sale of the Pacific National Bank (PNB) to a group of American private investors. The CFN, which is the main shareholder of...

Four months ago, Carlos Marx Carrasco, Director of The Internal Revenue Service(SRI for its spanish acronym), announced reforms to the tax code to speed up tax disputes and their respective penalties and fees, but desisted since the new Organic code of Criminal Procedures (COIP...