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The Ecuadorian president, Rafael Correa, sent a project of law that will be discussed as an urgent economic matter, for that the Assembly will have 30 days to study and approve it. Members of the opposition in the Assembly say that the timeframe to study the financial project is...

Carlos Marx Carrasco, the director of the Internal Revenue Service (IRS), pointed out that the entity he runs can request all the information from the banks about its customer. He said that this does not mean they would violate the banking seal, since the information would be in...

The tax reform bill that allows an increase of the Human Development Bonus (BDH for its Spanish acronym) from $ 35 to $ 50 a month has been approved, but the details of the financing remain in uncertainty until next Saturday. However, it is thought that the Government of Rafael...

The banker, Abelardo Panchano, criticized the announcement of the Ecuadorian President Rafael Correa for using the profits of the private banks to finance the increase of the Human Development Bonus. Panchano added that the current banking “does not owes and did not asked for a...

Businessmen  and banking representatives declared to be concerned about the draft legislation sent by the Government to the National Assembly, which proposes to fund the increase of the Human Development Bond (BDH for it Spanish acronym) from $35 to $  50 with banking profits....

Ecuador stop boosting oil contracts with venture investment 16 years ago, but due to the near depletion of existing reserves, the Ministry of Non-Renewable Natural Resources has settled looking for petroleum in thirteen areas of the Amazon country to obtain from 400 to 1,600...

The Association of Private Banks of Ecuador (ABPE for its Spanish acronym) defines the decision made by Rafael Correa to increase Human Development Bonus (BDH for its Spanish acronym) using banks’ surplus, as a violation of the constitutional right of profits and respect for...

The Attorney General’s Office prepares the argument for the nullity of the arbitral award issued on October 5, which obliges the Ecuadorian government to pay $ 1.77 billion (plus interest) to the U.S. oil company Oxy, due to the expiration of the contract. According to the...

This afternoon, the Ecuadorian Ambassador  in the United States, Nathalie Cely announced through her  Twitter account that the Nissan Company would be interested in building a regional operation center in the city of Manta, Manabi. The news has raised expectations in the city...

Yesterday,  the visit of the Princes of Asturias, Felipe and Letizia, concluded. They came to the country to support the presence of Spanish companies in Ecuador. During the closing of the First Hispano-Ecuadorian Business Ecounter, the heir to the Spanish crown acknowledged that...