Biess announces affordable housing deals in 2014

 Yesterday, the  president of the bank of the Ecuadorian Social Security Institute (BIESS for its spanish acronym ) Fernando Cordero, announced that from December 5th this entitywill handle the entire process of granting mortgages, to decrease the process from seven month to...
Posted On 18 Oct 2013
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A budget proforma is almost ready to be checked by the Presidency

Once they received the budget projections of the various entities of the State, the authorities of the Ministry of Finance took charge from last Tuesday to review the consolidated Proforma 2014. The process of defining the budget for next year started on May 31 when the entity...
Posted On 18 Oct 2013
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Government plans a subway system for Guayaquil

The current governor of Guayas and pre-candidate for Mayor of Guayaquil, Viviana Bonilla, announced the possible construction of a metro system which is going to work in parallel with the Metrovía. The construction of the project, confirmed yesterday by the Minister of Transport,...
Posted On 15 Oct 2013
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78.2% of chickens are bred in poultry farms

A study carried out by the National Institute of statistics and censuses (INEC) notes that according to the survey of surface and continuous agricultural production (ESPAC, for its acronym in spanish) a lot of chickens that are bred and sold in Ecuador are from poultry farms, and...
Posted On 10 Oct 2013
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Confidence in Ecuadorian businesses improves

Last September, business confidence picked up, thus indicated by the monitoring carried out by the consulting firm Deloitte, which demonstrates that there was an increase of 1.5 points compared to the previous month, standing at 83.5 points of a possible 250, however, in relation...
Posted On 10 Oct 2013
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Communications and supermarkets lead the ranking of the most important companies

A report presented yesterday by the Superintendency of companies over the ranking of the 2012 of the thousand most important companies of Ecuador, revealed that in the country the most important companies are led by the Ecuadorian consortium of telecommunications –...
Posted On 08 Oct 2013
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National Court of Justice filed plaintiff of Chevron

The lawsuit filed by Chevron against eight Ecuadorians officials was filed yesterday by the National Court of Justice (CNJ). Among the possible defendants was the judge of the Court of Sucumbios, Juan Nunez, who was the one who made ​​the claim against the company in the first...
Posted On 02 Oct 2013
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Extended period for GM companies

The period for companies that market food products get an extended period of six moths to set their labels for products of transgenic origin. Ramiro Gonzalez, Minister of Industry, made ​​the announcement during the signing of an agreement with the Ecuadorian Federation of Metal...
Posted On 01 Oct 2013
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Exportation plan gets introduced into small business

In front of 250 small and medium entrepreneurs, the Institute for the Promotion of Exports and Investments (PROECUADOR) and the Ministry of Foreign Trade Export program presented yesterday the program Export Country, at the Hotel Hilton Colon. It is a plan of assistance to...
Posted On 30 Sep 2013
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Rafael Correa makes contacts with Arab port-investors

In a yesterday meeting with the Sultan Ahmed Bin Sulayem, Chairman of DP World Company, an enterprise that manages 65 port terminals in the world, discussed with the leader of the regime, Rafael Correa, the possibility of building a deep water port in the country. At the meeting...
Posted On 28 Sep 2013
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