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From January to June this year, the Internal Revenue Service (IRS) has raised a total tax cash of $ 6,542.9 million, surpassing last year’s amount in the same period by 13.8%. The main items came from Income Tax IT ($ 2,193 million), Value Added Tax VAT ($ 3,054 million),...

Following the closure of the cooperative Coopera in Cuenca, for alleged embezzlement, it was also discovered a number of fictitious exports or overvalued companies that worked as a ‘smoke-screen’. The apparent purpose was to receive millions of dollars, mainly from...

Urban poverty by income (for those who earn less than $77,03 monthly) recorded a slight decline in June of this year, reaching 14.93% compared to the 15.29% from the same month in 2012, as published by the National Institute of Statistics and Censuses (INEC), based on the latest...

The Social Security Institute (IESS), loans from China and multilateral agencies, will help cover the deficit of $ 5,050 million of the 2013 budget, as stated by the Minister of Finance, Fausto Herrera. Credits with China would remain as the primary source of indebtedness of the...

National Petroleum Corporation (CNPC), the largest oil company in China, will be the third partner in the project, joining the alliance between Petroecuador and Petroleos de Venezuela SA (PDVSA). Vice President Jorge Glas made the announcement during the 329 broadcast, which was...

According to the National Institute of Statistics and Census (INEC), last month inflation stood at -0.14% compared to the 0.18% of the same month in the previous year. According to the figures, the prices fell. The statistics also reveal that the group of food and non-alcoholic...

This was announced by the Prosecutor’s Office in conjunction with the Central Bank of Ecuador for allegedly discovering a money laundering model that would have been used by Ecuadorian companies to make false and simulated exportations, using the Regional Compensation Unitary...

As reported by the Superintendence of Banking and Insurance (SBS), the closure of the Territorial Bank and the Coopera Savings and Credit Cooperative, have irregular links through Guayaquil companies Multiregi, Multisun, Ibicampus and Lemantec, of which the three first ones,...

Yesterday, after a visit to the polyester yarn factory, Enkador, the Minister of Production, Richard Espinosa, revealed some aspects of the new economic emergency law, which will be sent to the National Assembly, to compensate the exporter sectors which is affected by the...

Despite the reduction of income sources, public spending in the first half of this year was $ 14,588 million compared with the same period in 2012, in which the expenditure was $ 12,543 million. According to the Fiscal Policy Observatory, the $ 2,045 million increase is due to...