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Ecuador formalized his intention to resume negotiations with the European Union (EU) in order to sign a Trade Agreement, and sent an official communication to the EU headquarters in Brussels and the representation of that block before the Andean countries in Bogotá and in the...

Banks generated less profit and make adjustments due to the decrease of their revenues in 40.98% in the first four months of the year, according to figures from the Association of Private Banks, in its report Evolution of Ecuadorian Private Banking. Revenues were $ 952 million,...

Marco Calvopina, manager of Petroecuador, has several reservations about the report submitted by the State Comptroller regarding the oil sales agreements signed with PetroChina, which the control entity found several irregularities. For its part, the Comptroller said that awards...

The Minister Maria Fernanda Espinosa confirmed yesterday that the “matter of the radars” was “settled“, referring to the failed contract signed with China’s CETC International, for the delivery of the equipment. The Ministry of Defence recovered the...

Exporter Bananera Noboa’s  attorney, Sylka Sanchez, rejected the notification of the seizure of the property “La Clementina” held yesterday morning by the Internal Revenue Service (IRS). It is an action for withholding credits, which could have employment...

Losses totaling $ 117 million according to the firm Bank Watch Ratings that published the latest risk rating of the National Development Bank (BNF, for its Spanish acronym) in December 2012: BBB-, which means that “this institution has good credit. Although some minor...

During a press conference, the head of the Internal Revenue Service (IRS), Carlos Marx Carrasco announced the seizure of the property “La Clementina”,  own by Bananera Noboa. According to Marx Carrasco, the 11,500 hectare land, located in the province of Los Rios,...

The low price of this first quarter of 2013, according to the Central Bank data, has set the value of a barrel of oil $ 5.22 less than the price of the previous year in the same period, as in 2012 the value was $ 104.38 and this year lowered to $ 99.16. To these variations in...

According to the Country Risk indicator, analyzed by the rating agencies Fitch, Standard & Poor’s, Moody’s and JP Morgan, the motivation of investors to fulfill businesses is determined by the ability of a State to meet its obligations and repay their loans....

The announcement was made by President Rafael Correa, on his usual Saturday nation-wide broadcast, assuring that it consists in a deep restructuration that will allow the institution to properly manage its liquidity, to guide these resources on productive credit for development...